Financial
Distress signals
Property profile

421 Fawcett Ave Tacoma, WA 98402

FOR LEASE
Retail space
View Listing
Property ID
US90-0609048
1,840 SF 0.07 ac lot Built 1950
Last sale May 2019 · $410,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,840 square foot free-standing retail property is ideally situated on Fawcett Avenue in Pierce County, offering unparalleled access to Tacoma's vibrant Stadium District. The single-tenant building presents a blank canvas for a discerning business owner seeking a high-visibility location. Its proximity to the University of Washington Tacoma and the Tacoma Art Museum ensures a steady flow of foot traffic from students, faculty, art enthusiasts, and residents alike. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$407k
Assessed land$247k
Assessed improvement$160k
Effective rate1.11%

Value estimate

· Sep 2026
$420k
$378k – $462k
AI approach$420k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 100,640.91% cap applied$22k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$334/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$94 – $589
Qualifying comparables6

Cap rate analysis

How does the asset earn?
100,640.91%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DR
DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together w...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.8
Bike Shop7.9
Locksmith7.4

Location

421 Fawcett Ave Tacoma, WA 98402
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales 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
744 Market, Tacoma, WA 98402-3700 $566,000 Aug 2023 2,053 SF
716 Pacific, Tacoma, WA 98402-5208 $85,500 Oct 2022 2,500 SF
2402 C, Tacoma, WA 98402-2908 $4,009,162 Sep 2022 1,357 SF
759 Market, Tacoma, WA 98402-3711 $575,000 Jun 2022 2,640 SF
1101 A St, Tacoma, WA 98402-5093 $100,000 Feb 2019 2,133 SF
933 Tacoma S, Tacoma, WA 98402-2103 $1,109,719 Nov 2018 3,053 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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