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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
10701 108th SW Ave, Tacoma, WA 98498-1560
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0855598
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,576 SF
Lot
0.43 ac (18,730 SF)
Zoning code
NC
APN
219053044
UPID
US90-0855598
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
by Request
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$525k
Owner & transaction history
White Lotus LLC · 4 yrs held
White Lotus LLC
since 2021
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
NC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$705,000
+10.0%
Commercial (general)
$690,000
+7.3%
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%
$370,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Current use
MEDICAL BUILDING
$705,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $575k (Nov 18 2021)
Last sale anchor
$575k
Nov 18 2021
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
$204 / 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
$6,418
Tax year 2024
Assessed value
$517,600
Assessed 2024
Previous assessed
$517,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$288,500
Assessed improvement
$229,100
Land market value
$288,500
Improvement market value
$229,100
Total market value
$517,600
Applied tax rate
140.0000
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
2,576 SF
Lot
0.43 ac (18,730 SF)
Zoning code
NC
APN
219053044
UPID
US90-0855598
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Tacoma, WA
Zoning NC · permitted uses
NC · 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
$645,000
MEDICAL BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
White Lotus LLC
Entity
Mailing address
9089 BUTTERCUP ST SE, OLYMPIA, WA 98501-5579
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$575,000
White Lotus LLC
Jung C Choe
Warranty Deed
$464,000 · O Bee Cu
Nov 2, 2017
$345,000
Jung C Choe
Choi,jang K & Yoojong N
Warranty Deed
related
$297,000 · Hana Small Busn Lndg
Sep 22, 2017
$345,000
Jung C Choe
Choi,jang K & Yoojong N
Warranty Deed
$297,000 · Hana Small Busn Lndg
Mar 16, 2005
$480,000
Jang K Choi
Sin,chae H & Won S
Warranty Deed
$424,000 · Saehan Bank
Apr 16, 2002
$270,000
Chae H Sin
Joo,young M
Grant Deed
$330,000 · City Bank
Mar 30, 2001
$232,079
Young M Joo
Sunnys Market & Deli INC
Grant Deed
$330,000 · City Bank
Jul 2, 1999
$140,000
Sunny Market & Dell INC
Smith,alfred K & Cha P
Grant Deed
$188,000 · City Bank
Nov 13, 1991
$65,000
Alfred K Smith
Johnston,richard
Grant Deed
$58,000 · Arrowhead Est
—
—
Alfred K Smith
—
Deed Of Trust
related
$66,966 · Frontier Bank
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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