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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Retail space
11620 Pacific SW Hwy, Tacoma, WA 98499-4699
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0949423
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
WOOD FRAME
Total area
5,616 SF
Lot
0.53 ac (23,070 SF)
Zoning code
TOC
APN
219126002
UPID
US90-0949423
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
$1.04M
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$930k
Owner & transaction history
Kimcheng Lim LLC · 10 yrs held
Kimcheng Lim LLC
since 2015
7 recorded transactions
Zoning & alternative use
TOC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,405,000
Current use
MEDICAL BUILDING
$1,375,000
Change: -2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,240,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$166 / 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
$12,179
Tax year 2024
Assessed value
$1,049,600
Assessed 2024
Previous assessed
$1,049,600
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$397,100
Assessed improvement
$652,500
Land market value
$397,100
Improvement market value
$652,500
Total market value
$1,049,600
Applied tax rate
760.0000
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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
5,616 SF
Lot
0.53 ac (23,070 SF)
Zoning code
TOC
APN
219126002
UPID
US90-0949423
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TOC · Tacoma, WA
Zoning TOC · permitted uses
TOC · 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
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (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
1967
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Kimcheng Lim LLC
Entity
Mailing address
1416 E 67TH ST, TACOMA, WA 98404-3417
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2015
$379,719
Kimcheng Lim LLC
East West Bank
Special Warranty Deed
$285,000 · Timberland Bank
May 4, 2015
$51,953
East West Bk
Northwest Trustee Services|loving Lakewood Propert
Trustees Deed
related
—
Jan 27, 2012
—
Loving Lakewood Properties LLC
Loving,teresa
Quit Claim Deed
related
—
Mar 18, 2011
—
Loving Lakewood Properties LLC
Loving,teresa
Quit Claim Deed
related
—
Dec 18, 2003
$647,000
Teresa A Loving
Pak,song S & Pil S
Grant Deed
$485,000 · Washington First Int'l Bank
Oct 2, 2002
—
Song S Pak
Chong,chom H
Quit Claim Deed
related
—
Mar 14, 2002
$460,000
Song S Pak
Sim,andrew S & Angie E
Grant Deed
$325,000 · Sterling Savings Bank
Sep 27, 1993
$169,440
Andrew S Sim
Kim
Grant Deed
—
Jun 16, 1989
$210,000
Martin Kim
Unknown
Grant Deed
—
—
—
Loving Lakewood Properties LLC
—
Deed Of Trust
related
$47,000 · East West Bank
—
—
Song S Pak
—
Deed Of Trust
related
$20,000 · Andrew S & Angie E Sim
—
—
Andrew S Sim
—
Deed Of Trust
related
$200,777 · 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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