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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial land
9601 Gravelly Lk SW Dr Lakewood, WA 98499-1500
Individually Owned
Free & Clear
Property ID
US90-1735144
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1982
Construction
STEEL FRAME
Total area
4,351 SF
Lot
0.4 ac (17,639 SF)
Zoning code
CBD
APN
219022143
UPID
US90-1735144
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Michele D Winters
Michele D Winters
since 2025
6 recorded transactions
Zoning & alternative use
CBD · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District zoning district is the primary retail, office, social, urban residential, and government center of the City The complementary and interactive mixture of uses and urban design provides for a regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,387
Tax year 2024
Assessed value
$424,100
Assessed 2024
Previous assessed
$424,100
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$424,100
Land market value
$424,100
Total market value
$424,100
Applied tax rate
760.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
4,351 SF
Lot
0.4 ac (17,639 SF)
Zoning code
CBD
APN
219022143
UPID
US90-1735144
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lakewood, WAZoning CBD · permitted uses
CBD · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District zoning district is the primary retail, office, social, urban residential, and government center of the City The complementary and interactive mixture of uses and urban design provides for a regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Michele D Winters
Individual
Free & Clear · 0 yrs held
Mailing address
8320 MT TACOMA DR SW, LAKEWOOD, WA 98498-4517
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
—
Michele D Winters
Kenneth E Winters
Deed
related
—
Sep 3, 2019
—
Kenneth E Winters
Clifford P J Spike
Quit Claim Deed
related
—
Jun 3, 2019
—
Clifford P J Spike
Wilma M Spike
Quit Claim Deed
related
—
Apr 12, 2016
—
Kenneth Winters
Pupo,frank D & Janis L
Grant Deed
related
—
Aug 3, 2001
$110,000
Kenneth Winters
Pupo,frank D & Janis L
Grant Deed
—
Feb 1, 1995
$55,000
Kenneth E Winters
Spike,p C
Grant Deed
$45,000 · Seller
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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