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    12821 Pacific S Ave Tacoma, WA 98444-5070
    Property profile & analytics

    12821 Pacific S Ave, Tacoma, WA 98444-5070

    View on Map
    • Drive through restaurants
    • 3,200 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Jul 2, 2025
    Property ID
    US90-1352493
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Starbucks / Cafe & Coffee Shop
    • Discount Tire Repair Parts / General Contractor

    Property Details for 12821 Pacific S Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Zone code
    ROC
    Property type
    Drive through restaurants
    APN
    319166016
    APU
    319166016

    Description

    This exceptional retail storefront opportunity is located in the vibrant Parkland area of Tacoma, Washington, within the Parkland Building at 12821 Pacific Ave S, zip code 98444. The property is a multi-tenant building offering a total of 3,350 square feet, with 1,350 square feet currently available for lease. This space presents a fantastic chance for businesses seeking high visibility and convenient access in a thriving community. The building's location on Pacific Avenue S ensures excellent exposure to a steady stream of vehicular and pedestrian traffic. The property is situated in Pierce County, Washington, offering easy access to major transportation routes and a diverse customer base. This is an ideal space for a variety of retail businesses looking to establish or expand their presence in the Tacoma market. The available 1,350 square feet provides ample room for a wide range of retail concepts, offering flexibility in layout and design to suit individual business needs. The property's location within the Parkland Building provides a professional and well-maintained environment, contributing to a positive customer experience. Don't miss this opportunity to secure a prime retail space in a desirable Tacoma location. Contact us today to schedule a viewing and discuss lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.434
    Latitude
    47.1405
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,826
    $775,200
    $607,400
    $1,382,600
    -
    $775,200
    $607,400
    $1,382,600

    Comparable in this City

    • Value Estimation
      $530,000
      3,135 SF

      15807 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      15807 Pacific S Ave, Tacoma, WA 98444-6904
      View Details
    • Value Estimation by Request
      1,976 SF

      10611 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      10611 Pacific S Ave, Tacoma, WA 98444-6055
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    • Value Estimation by Request
      2,098 SF

      14923 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      14923 Pacific S Ave, Tacoma, WA 98444-4656
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    • Value Estimation by Request
      972 SF

      602 112th S St

      DRIVE-THRU RESTAURANT, FAST FOOD
      602 112th S St, Tacoma, WA 98444-5626
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    • Value Estimation by Request
      1,044 SF

      12155 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      12155 Pacific S Ave, Tacoma, WA 98444-5124
      View Details
    • Value Estimation by Request
      2,304 SF

      10656 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      10656 Pacific S Ave, Tacoma, WA 98444-6056
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Turnkey Restaurant with Banquet Room

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      Parkland Commercial Building and Lot

      20,000 SF building with adjacent vacant lot for sale.
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      Turn-key investment opportunity with stable cash flow and freeway connectivity.
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      6,875 SF

      Retail Space Available For Sale

      Retail space with 6,875 SqFt available for purchase.
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      7,813 SF retail space with high traffic frontage.
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      Parkland Retail Space For Rent

      End-cap unit in high-traffic Parkland location, suitable for retail.
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      End Cap Retail/Office Space

      End cap retail/office space in North Shops building.
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      Pacific Avenue Office/Retail Opportunity

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      Retail Space with QFC Anchor

      Retail space anchored by QFC with high traffic.
      11200 Pacific Ave S, Tacoma, WA 98444
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    Tacoma, WA 98444-5070
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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