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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
102 Military S Rd Spanaway, WA 98387
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0887096
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
WOOD FRAME
Total area
5,203 SF
Lot
0.24 ac (10,250 SF)
Zoning code
CMUD
APN
3645000092
UPID
US90-0887096
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$590k
Owner & transaction history
Uk Kwon Chong · 18 yrs held
Uk Kwon Chong
since 2008
7 recorded transactions
Zoning & alternative use
CMUD · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
Method
Estimation
Statistic approach
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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
$10,873
Tax year 2024
Assessed value
$830,500
Assessed 2024
Previous assessed
$830,500
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$222,000
Assessed improvement
$608,500
Land market value
$222,000
Improvement market value
$608,500
Total market value
$830,500
Applied tax rate
591.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
3
Bathrooms
1
Total area
5,203 SF
Lot
0.24 ac (10,250 SF)
Zoning code
CMUD
APN
3645000092
UPID
US90-0887096
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CMUD · Spanaway, WAZoning CMUD · permitted uses
CMUD · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
3
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Uk Kwon Chong
Individual
Mailing address
1228 180TH ST CT E, SPANAWAY, WA 98387-1967
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2020
—
Uk Kwon Chong
—
Deed
related
$800,500 · Bank Of The West
Jun 16, 2008
$2,070,000
Uk Kwon Chong
Robert W Krull
Warranty Deed
$1,370,000 · Pacific International Bank
Apr 20, 2005
—
Krull Trust
Krull,robert W & Joyce H
Quit Claim Deed
related
—
Apr 30, 2001
$1,415,000
Robert W Krull
D/g #25 LP
Grant Deed
$900,000 · Bank Of Clark County
Sep 29, 2000
—
D/g #25 Ltd
—
Deed Of Trust
related
$980,000 · Compass Bank
Apr 28, 2000
$200,000
D/g 25 LP
Barber,patrick E & Sun C
Grant Deed
—
—
—
Chong U Kwon
—
Deed Of Trust
related
$1,100,000 · Unibank
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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