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Property profile & analytics
OFF-MARKET
Estimated value
$3,145,000
Retail space
12105 Pacific S Ave, Tacoma, WA 98444-5124
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1285198
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,949 SF
Lot
1.54 ac (67,039 SF)
Zoning code
AC
APN
319093019
UPID
US90-1285198
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
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Madhioli Swaminathan, RPH Pharmacy
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.15M
Owner & transaction history
Faramarz Fred Naderi · 7 yrs held
Faramarz Fred Naderi
since 2019
3 recorded transactions
Zoning & alternative use
AC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+22.3%
Commercial (general)
$4.3M
+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%
$2,795,000
6.5%
$2,580,000
7%
$2,400,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,210,000
Current use
AUTO REPAIR, GARAGE
$5,150,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,300,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,180,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$3,415,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±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
$225 / 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
$40,410
Tax year 2024
Assessed value
$3,319,500
Assessed 2024
Previous assessed
$3,319,500
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,443,800
Assessed improvement
$1,875,700
Land market value
$1,443,800
Improvement market value
$1,875,700
Total market value
$3,319,500
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,949 SF
Lot
1.54 ac (67,039 SF)
Zoning code
AC
APN
319093019
UPID
US90-1285198
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC · Tacoma, WA
Zoning AC · permitted uses
AC · 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
$4.2M
AUTO REPAIR, GARAGE
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Faramarz Fred Naderi
Individual
Mailing address
735 JACARANDA CIR, HILLSBOROUGH, CA 94010-6556
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
$5,300,000
Faramarz Fred Naderi
Gemtone INC
Special Warranty Deed
$3,650,000 · Mufg Union Bank NA
Dec 9, 1998
$3,900,000
Gemtone INC
Evergreen-parkland LP
Grant Deed
—
Feb 2, 1998
$970,000
Evergreen-parkland LP
Barovic Trust
Grant Deed
$2,600,000 · Bank Of Arizona
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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