Financial
Distress signals
Property profile

118 N Tacoma Ave Tacoma, WA 98403

FOR LEASE
Retail space
Property ID
US90-3305284
4,395 SF 0.1 ac lot Built 1945
Last sale Nov 2022 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 4,300 square-foot commercial building is positioned adjacent to a retail tenant and includes storefront frontage with visibility, along with space intended to work in conjunction with a co-tenant arrangement. The property is located in an urban mixed-use district between the North Slope residential neighborhood, the Stadium Business District, and the Hilltop neighborhood, within an area that includes single-family residences as well as apartment and condominium buildings, some with views of…

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?
$10k
Tax billed · 2024
Assessed value$898k
Assessed land$366k
Assessed improvement$531k
Effective rate1.11%

Value estimate

· Sep 2026
$2.62M
$2.35M – $2.88M
AI approach$2.51M
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$4k
Operating expenses−$23k
NOI · 264,425.00% cap applied$53k

Realmo valuation models over county records and 10 qualifying comparable sales.

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
Qualifying comparables10

Cap rate analysis

How does the asset earn?
264,425.00%
$53k 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?
NCX
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a le...
General categoryMIXED_USE
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 Shop10.2
Furniture Store9.1
Locksmith8.5

Location

118 N Tacoma Ave Tacoma, WA 98403
County assessor Recorded deeds · 6 transfers 10 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
649th Division, Tacoma, WA 98403 $19,000,000 Feb 2025 20,120 SF
213 I, Tacoma, WA 98403-1925 $540,000 Aug 2021 1,250 SF
1312 I, Tacoma, WA 98403-2118 $336,200 Apr 2020 2,238 SF
2315 6th, Tacoma, WA 98403-1050 $1,799,500 Dec 2019 5,600 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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