New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Retail space
105 112th S St, Tacoma, WA 98444-5711
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1225832
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,700 SF
Lot
1.4 ac (60,940 SF)
Zoning code
CMUD
APN
319043023
UPID
US90-1225832
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
-
Targeted Individual Network Community Center
-
Residential Estates LLC, Wa Property Management Company
-
Shred Nations Recycling Center Waste Management Facility
-
The UPS Store Courier Service Postal Service
-
Parkland Ace Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.28M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$3.29M
Owner & transaction history
Pierce Cnty · 11 yrs held
Pierce Cnty
since 2014
7 recorded transactions
Zoning & alternative use
CMUD · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+2.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,550,000
6.5%
$3,275,000
7%
$3,045,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,345,000
Current use
COMMERCIAL (GENERAL)
$5,455,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$5,305,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$4,330,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±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
$186 / 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
$32,685
Tax year 2024
Assessed value
$2,488,000
Assessed 2024
Previous assessed
$2,488,000
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,032,700
Assessed improvement
$1,455,300
Land market value
$1,032,700
Improvement market value
$1,455,300
Total market value
$2,488,000
Applied tax rate
515.0000
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
17,700 SF
Lot
1.4 ac (60,940 SF)
Zoning code
CMUD
APN
319043023
UPID
US90-1225832
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CMUD · Tacoma, WA
Zoning CMUD · permitted uses
CMUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Pierce Cnty
Individual
Free & Clear · 11 yrs held
Mailing address
320 SW CENTURY DR STE #405, BEND, OR 97702-3037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
—
Mitchell Holdings Parkland LLC
—
Deed
related
$2,050,000 · Wells Fargo Bank NA
May 18, 2016
—
Mitchell Holdings Parkland LLC
—
Deed
related
$2,085,000 · Bank Of The West
Dec 22, 2014
$17,300
Pierce Cnty
Mitchell Holdings Parkland LLC
Warranty Deed
—
Nov 7, 2014
$1,400,000
Mitchell Holdings Parkland LLC
J & L Investment Properties LLC
Grant Deed
$1,500,000 · Jacobson Carl & L Living Trust
Jun 18, 2007
$1,980,000
J & L Investment Properties LLC
Riggio J S & M G Trust
Warranty Deed
$1,060,000 · General Electric Capital Corp
May 10, 1995
—
Kenneth R Gordon
Riggio Trust
Grant Deed
related
—
—
—
Kenneth R Gordon
—
Deed Of Trust
related
$225,000 · Southern Pacific Thrift & Loan
—
—
Mitchell Holdings Parkland LLC
—
Deed Of Trust
related
$2,085,000 · Bank Of The West
—
—
J & L Investment Properties LLC
—
Deed Of Trust
related
$874,000 · Rural Housing & Community Dev
—
—
Kevin S Rogers
—
Deed Of Trust
related
$132,100 · Countrywide Home Loans INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 105 112th S St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
