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Property profile & analytics
OFF-MARKET
Turn key restaurants
1001 38th St Tacoma, WA 98418-5030
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-0764690
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1923
Construction
WOOD FRAME
Total area
1,924 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C1
APN
8935015550
UPID
US90-0764690
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Powers Craig L Law Firm
-
La Ca Bar Bar & Pub
-
Vernon John C Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tuan Family Investment Corp · 7 yrs held
Tuan Family Investment Corp
since 2019
6 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,141
Tax year 2024
Assessed value
$371,800
Assessed 2024
Previous assessed
$371,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$162,400
Assessed improvement
$209,400
Land market value
$162,400
Improvement market value
$209,400
Total market value
$371,800
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1923
Construction
WOOD FRAME
Heating
STEAM
Cooling
CENTRAL
Stories
2
Total area
1,924 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C1
APN
8935015550
UPID
US90-0764690
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD FRAME
Heating
STEAM
Cooling
Yes
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Tuan Family Investment Corp
Entity
Free & Clear · 7 yrs held
Mailing address
316 S 34TH ST, TACOMA, WA 98418-6803
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
$320,000
Tuan Family Investment Corp
V & P LLC
Warranty Deed
—
May 11, 2006
$130,917
John C Vernon
Vp & L LLC
Quit Claim Deed
related
—
May 11, 2006
—
V & P LLC
Vernon,john C & Terri S
Quit Claim Deed
related
$300,000 · Janet Roller
Dec 30, 2004
—
Vp & L LLC
Powers,craig L & Gail
Quit Claim Deed
related
—
Jul 23, 2004
$330,000
John Vernon
Roller,joseph & Janet
Warranty Deed
$300,000 · Joseph & Janet Roller
—
—
V & P LLC
—
Deed Of Trust
related
$35,000 · Craig L & Gail A Powers
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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