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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
11616 State Rte 302nd NW, Gig Harbor, WA 98329
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1464227
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD FRAME
Total area
1,400 SF
Lot
5 ac (217,800 SF)
Zoning code
RNC
APN
122213070
UPID
US90-1464227
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$530k
Owner & transaction history
Jeffrey A Charboneau · 10 yrs held
Jeffrey A Charboneau
since 2015
4 recorded transactions
Zoning & alternative use
RNC · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$595,000
+42.8%
Auto repair, garage
$515,000
+23.1%
Retail stores
$430,000
+2.6%
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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$420,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$515,000
Change: +23% · Conversion: Easy
RETAIL STORES
$430,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$420,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$385,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$379 / 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
$5,432
Tax year 2024
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$427,900
Assessed improvement
$172,100
Land market value
$427,900
Improvement market value
$172,100
Total market value
$600,000
Applied tax rate
471.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,400 SF
Lot
5 ac (217,800 SF)
Zoning code
RNC
APN
122213070
UPID
US90-1464227
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RNC · Gig Harbor, WA
Zoning RNC · permitted uses
RNC · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$515,000
RETAIL STORES
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$420,000
MEDICAL BUILDING
Est. value
$385,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2000
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Jeffrey A Charboneau
Individual
Mailing address
11612 STATE RTE 302ND NW, GIG HARBOR, WA 98329-7502
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2015
—
Jeffrey A Charboneau
Charboneau,jeanette L
Quit Claim Deed
related
—
Aug 21, 2014
$37,300
State Of Wa Department & Transporta
Charboneau,jeffery A & Jeanette L
Grant Deed
—
—
—
Jeffrey A Charboneau
—
Deed Of Trust
related
$81,845 · Jeanette L Petersen
—
—
Jeff Charboneau
—
Deed Of Trust
related
$51,000 · Key Bank NA
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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