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Financial
Distress signals
Property profile

111 38th St Tacoma, WA 98418

OFF-MARKET
Retail space
Property ID
US90-3325668
44,647 SF 3.67 ac lot Built 2003
Last sale Apr 2025 · $9,545,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 2,000 square foot retail space, located at 111 S 38th St, Tacoma, WA 98418, is situated within an existing and operational 24 Hour Fitness gym. The single-tenant space is ideal for a variety of fitness-related businesses. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$104k
Tax billed · 2024
Assessed value$9.38M
Assessed land$2.85M
Assessed improvement$6.53M
Effective rate1.11%

Value estimate

· Oct 2026
$9.80M
$8.82M – $10.78M
AI approach$10.06M
CAP approach$8.27M
Submarket $/SF estimate$10.68M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$302/SF
Submarket average, outlier-cleaned · 174 recorded sales of this use type
Observed band · Q1–Q3$153 – $471

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2
C-2: General Community Commercial District The C-2 District is similar to the C -1 District however it is intended to serve a larger mark...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.7
Realty agency16.8
Skin Care Clinic10.9

Location

111 38th St Tacoma, WA 98418-7803
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3726 G, Tacoma, WA 98418-6725 $685,000 Dec 2025 4,270 SF
809 38th, Tacoma, WA 98418-5028 $950,000 Dec 2025 9,460 SF
3727 G, Tacoma, WA 98418-6726 $200,000 Feb 2025 6,050 SF
516 38th, Tacoma, WA 98418-6714 $1,400,000 Jun 2024 5,679 SF
3827th Yakima, Tacoma, WA 98418 $540,000 Oct 2021 5,480 SF
3805 Yakima, Tacoma, WA 98418-5057 $250,000 Aug 2019 7,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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