Financial
Distress signals
Property profile

2315 N Pearl St Tacoma, WA 98406

FOR LEASE
Strip malls
Property ID
US90-1575188
12,040 SF 1.91 ac lot Built 1987
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. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2315 N Pearl St, Tacoma, WA 98406 For Lease
Contact for pricing 1,413 SF available
2315 N Pearl St, Tacoma, WA 98406
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Property summary

AI-generated overview

This retail space is located within Westgate South, a lifestyle center in the Proctor District of Tacoma, Washington. The shopping center is anchored by Planet Fitness and Picklr, and it is part of a tenant mix that includes retailers and service-oriented businesses such as Starbucks, McDonald’s, Stretch Lab, Comfort Dental, and Club Pilates. The center includes planned expansion for additional Picklr premium indoor pickleball courts. The subject space is configured as approximately 1,000 square feet of retail/amenity space within the shopping center.

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?
$31k
Tax billed · 2024
Assessed value$2.77M
Assessed land$2.19M
Assessed improvement$588k
Effective rate1.11%

Value estimate

· Sep 2026
$230k
$207k – $253k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 54,848.39% cap applied$17k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$424/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$223 – $702
Qualifying comparables3

Cap rate analysis

How does the asset earn?
54,848.39%
$17k 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?
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
Restaurant42.8
Building Supply39.7
Wholesale Shop36.3

Location

2315 N Pearl St Tacoma, WA 98406
County assessor Recorded deeds · 5 transfers 3 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
6103rd 6th, Tacoma, WA 98406 $47,350,000 Feb 2025 4,283 SF
6201 6th, Tacoma, WA 98406-2019 $47,350,000 Feb 2025 53,175 SF
2303 Pearl, Tacoma, WA 98406-2516 $4,650,000 Apr 2022 5,514 SF
1015 Pearl, Tacoma, WA 98406-7921 $6,496,089 Dec 2019 61,532 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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