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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Turn key restaurants
1202 26th NW Ave Gig Harbor, WA 98335-7808
Individually Owned
~
Est. High Equity
Property ID
US90-0460290
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
WOOD FRAME
Total area
1,510 SF
Lot
359.08 ac (15,641,525 SF)
Zoning code
EFRAS
APN
221321008
UPID
US90-0460290
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
-
Tacoma Narrows Airport Airport Regional Airport
-
turbo plus Freight Service Logistics Company
-
BOTTECH Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.08M
Owner & transaction history
Troy A Luchini
Troy A Luchini
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
EFRAS · Gig Harbor, 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 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
$1,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$695,000
Current use
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.05M (Jul 27 2022)
Last sale anchor
$1.05M
Jul 27 2022
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
$715 / 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
$6,609
Tax year 2024
Assessed value
$20,594,900
Assessed 2024
Previous assessed
$20,594,900
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$18,679,200
Assessed improvement
$1,915,700
Land market value
$18,679,200
Improvement market value
$1,915,700
Total market value
$20,594,900
Applied tax rate
472.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
1
Bathrooms
3
Total area
1,510 SF
Lot
359.08 ac (15,641,525 SF)
Zoning code
EFRAS
APN
221321008
UPID
US90-0460290
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EFRAS · Gig Harbor, WA
Zoning EFRAS · permitted uses
EFRAS · 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
RESTAURANT Current
Est. value
$695,000
RESTAURANT Current
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
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
15
Bathrooms
3
Lot
359.08 ac
Current owner
From public records · entity-resolved
Troy A Luchini
Individual
Mailing address
2702 S 42ND ST STE #109, TACOMA, WA 98409-7315
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
59 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Troy A Luchini
Melissa J Luchini
Deed
related
—
Jul 27, 2022
—
Jack E Fraser
Jack E Fraser
Intrafamily Transfer
related
—
May 14, 2021
$1,050,000
Gary J Racca
Ssst Holdings LLC
Warranty Deed
—
Apr 29, 2021
$351,900
Ktiw H4 LLC
Mile High Aviation LLC
Warranty Deed
—
Apr 23, 2021
$152,875
Robert C Seccombe
Mile High Aviation LLC
Warranty Deed
—
Apr 23, 2021
$152,500
Jeffrey Adolphson Living Trust
Mile High Aviation LLC
Warranty Deed
—
Apr 23, 2021
$360,000
Gk Management LLC
Mile High Aviation LLC
Warranty Deed
—
Jul 22, 2020
$7,500
Novotny,gregory S Trust
Mile High Aviation LLC
Warranty Deed
—
Dec 6, 2019
$94,900
Ross S Heller
Mile High Aviation LLC
Warranty Deed
—
Dec 6, 2019
$60,000
Emily A Gatward
Mile High Aviation LLC
Warranty Deed
—
Dec 6, 2019
$165,696
James E Griffith
Mile High Aviation LLC
Warranty Deed
—
Aug 31, 2018
$775,000
Ssst Holdings LLC
Nw Hangars LLC
Warranty Deed
related
$620,000 · Keybank USA
Aug 16, 2016
—
Lawrence Vogel
Vogel,larissa
Quit Claim Deed
related
—
Feb 23, 2016
—
Stephen F Ready
S F Ready Separate Estate LP
Quit Claim Deed
related
—
Jul 24, 2015
—
Lee J Hoggatt
Nw Hangars LLC
Warranty Deed
—
Jul 9, 2015
$240,000
Bamtastic LLC
Vodry,john L & Terri L
Warranty Deed
—
Apr 14, 2015
$55,000
John P Hopkins
Nw Hangars LLC
Warranty Deed
—
Mar 9, 2015
$89,900
1996 Redford Family LP
Vodry John L & Terri L
Warranty Deed
—
Feb 5, 2015
—
Montgomery,mark K Trust
Montgomery Mark K
Quit Claim Deed
related
—
Dec 23, 2014
$95,100
Stephen K Peterson
Nw Hangars LLC
Warranty Deed
—
Nov 21, 2014
$55,000
Blue Skies Aviation LLC
Nw Hangars LLC
Warranty Deed
—
Nov 20, 2014
—
John L Vodry
Nw Hangars LLC
Warranty Deed
—
Nov 6, 2014
$215,000
Steven K Brown
Nw Hangars LLC
Warranty Deed
—
Nov 6, 2014
$55,000
Lee J Hoggatt
Nw Hangars LLC
Warranty Deed
—
Nov 3, 2014
$55,000
Biel Aero LLC
Nw Hangars LLC
Warranty Deed
—
Oct 29, 2014
$55,000
Imperial Painting INC
Nw Hangars LLC
Warranty Deed
—
May 21, 2010
—
Pierce Cnty
Peninsula Metropolitan Park Di
Grant Deed
related
—
Sep 1, 2009
$481,440
Lusso Trust
Nw Hangars LLC
Warranty Deed
—
Jun 17, 2009
$58,140
Jay G Miner
Nw Hangars LLC
Warranty Deed
—
Jun 17, 2009
$95,380
Joseph Faulkner
Nw Hangars LLC
Warranty Deed
—
Apr 1, 2009
$94,800
Race Air LLC
Nw Hangars LLC
Warranty Deed
—
Mar 25, 2009
—
Vogel Living Trust
Vogel,lawrence O & Larissa V
Quit Claim Deed
related
—
Dec 24, 2008
$59,659
Steven Craig
Nw Hangars LLC
Warranty Deed
—
Nov 5, 2008
$196,000
S F Ready Separate Estate
Nw Hangars LLC
Warranty Deed
—
Nov 5, 2008
$58,140
Coastal Aviation Capital LLC
Nw Hangars LLC
Warranty Deed
$44,000 · Frontier Bank
Nov 5, 2008
$78,120
Wayne D Putman
Nw Hangars LLC
Warranty Deed
—
Nov 5, 2008
$59,659
Cooper James R Living Trust
Nw Hangars LLC
Warranty Deed
—
Nov 5, 2008
$165,750
Columbia Flyers LLC
Nw Hangars LLC
Warranty Deed
—
Oct 30, 2008
$58,140
Ward Group II LLC
Nw Hangars LLC
Warranty Deed
—
Jun 26, 2008
$171,300
Mark R Dawson
Nw Hangars LLC
Warranty Deed
$43,000 · Frontier Bank
May 2, 2008
$58,140
Hunter M Bass
Nw Hangars LLC
Warranty Deed
—
May 2, 2008
—
Charles J Wolf
Comer,karen M
Quit Claim Deed
related
—
Apr 11, 2008
$58,140
Jay G Miner
Nw Hangars LLC
Warranty Deed
—
Apr 10, 2008
$165,750
Patricia T Steffen
Nw Hangars LLC
Warranty Deed
—
Apr 10, 2008
$180,000
Scf Investments LLC
Nw Hangars LLC
Warranty Deed
—
Mar 11, 2008
$170,000
George F Scoggins JR.
Nw Hangars LLC
Warranty Deed
—
Feb 29, 2008
$87,900
Timothy P Moyer
Nw Hangars LLC
Warranty Deed
—
Feb 29, 2008
$58,140
Ronald D Greenlee
Nw Hangars LLC
Warranty Deed
—
Feb 29, 2008
$165,000
Caribou LLC
Nw Hangars LLC
Warranty Deed
—
Feb 29, 2008
$194,250
Coastal Aviation Capital LLC
Nw Hangars LLC
Warranty Deed
—
Feb 7, 2008
$175,000
Oakridge Aviation LLC
Nw Hangars LLC
Warranty Deed
—
Feb 7, 2008
$91,800
Dan Antilla
Nw Hangars LLC
Warranty Deed
—
Nov 19, 2002
$1,919,608
Tacoma City (wa)
Sunriver Asset Management LLC
Grant Deed
—
Nov 18, 2002
—
Crescent Capital Viii LLC
Narrows Aviation Partnership
Quit Claim Deed
related
—
Sep 26, 2002
$1,750,000
Sunriver Asset Management LLC
Aviation INC
Trustees Deed
related
—
—
—
Nw Hangars LLC
—
Deed Of Trust
related
$500,000 · Frontier Bank
—
—
Christopher L Reilly
—
Deed Of Trust
related
$50,000 · Frontier Bank
—
—
T I W Partnership
—
Deed Of Trust
related
$575,000 · Cascadian Capital LLC
—
—
Crescent Capital Viii LLC
—
Deed Of Trust
related
$320,000 · 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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