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Financial
Distress signals
Property profile

2401 Pearl St Tacoma, WA 98406

OFF-MARKET
Medical Office Space
Property ID
US90-1241788
2,750 SF 1.79 ac lot Built 1974
Last sale Jun 2024 · $12,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 43,327-square-foot single-tenant Big Lots storefront located at 2401 N Pearl St, Tacoma, WA 98406, within the Westgate South Shopping Center. The property boasts a strong 6.00% cap rate and a current NOI of $303,289, based on a below-market rent of $7 per square foot per year, offering significant future rental upside potential upon lease expiration on January 31, 2027. The offering price of $5,055,000 represents a compelling $117 per square…

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.

Debts

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?
$59k
Tax billed · 2024
Assessed value$5.35M
Assessed land$2.18M
Assessed improvement$3.17M
Effective rate1.11%

Value estimate

· Oct 2026
$12.90M
$11.61M – $14.19M
AI approach$12.90M

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

Recently sold

What actually traded nearby?
$245/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$135 – $347
Qualifying comparables6

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?
CCX
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant46.1
Building Supply42.4
Wholesale Shop38.0

Location

2401 Pearl St Tacoma, WA 98406-2545
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

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2517 Washington, Tacoma, WA 98406-5841 $840,000 Apr 2024 2,616 SF
6615 6th, Tacoma, WA 98406-2027 $165,000 Sep 2022 3,112 SF
2520 Alder, Tacoma, WA 98406-6632 $1,250,000 Dec 2020 4,421 SF
3511 6th, Tacoma, WA 98406-5403 $475,000 Apr 2019 1,989 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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