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Property profile & analytics
OFF-MARKET
Estimated value
$4,025,000
Strip malls
1314 72nd St Tacoma, WA 98404-3343
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-0984540
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,070 SF
Lot
2.29 ac (99,796 SF)
Zoning code
CCX
APN
320273109
UPID
US90-0984540
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
-
Kwon's Martial Arts Taekwondo Academy Training Center Sports School
-
Celebrate Wa Marketing & Advertising Event Planning
-
Mi Mexico Lindo Restaurant
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
-
Tita'z Closet Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.03M
Owner & transaction history
Pak & Sons LLC · 21 yrs held
Pak & Sons LLC
since 2004
7 recorded transactions
Zoning & alternative use
CCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many nearby areas and attract people from throughout the City. This district is envisioned as a traditional suburban development that evolves into a denser urban district. Common uses include shopping centers with a wide variet…
Zone name
Community Commercial Mixed Use
General category
MIXED_USE
Zone area
500.83 ac
Source
Ordinance Table
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$154 / 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
$51,293
Tax year 2024
Assessed value
$4,565,000
Assessed 2024
Previous assessed
$4,565,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,389,800
Assessed improvement
$3,175,200
Land market value
$1,389,800
Improvement market value
$3,175,200
Total market value
$4,565,000
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
26,070 SF
Lot
2.29 ac (99,796 SF)
Zoning code
CCX
APN
320273109
UPID
US90-0984540
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CCX · Tacoma, WAZoning CCX · permitted uses
CCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many nearby areas and attract people from throughout the City. This district is envisioned as a traditional suburban development that evolves into a denser urban district. Common uses include shopping centers with a wide variety of commercial establishments, commercial recreation, gas stations, and business, personal, and financial services. The standard building height in this district is 60 feet; additional height can be achieved through the bonus program.
Zone name
Community Commercial Mixed Use
General category
MIXED_USE
Zone area
500.83 ac
Source
Ordinance Table
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
2.29 ac
Current owner
From public records · entity-resolved
Pak & Sons LLC
Entity
Mailing address
PO BOX 98116, LAKEWOOD, WA 98496-8116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
—
Pak & Sons LLC
—
Deed
related
$3,000,000 · Commencement Bank
Dec 22, 2004
—
Pak & Sons LLC
Pak,chae S & Hyang S
Quit Claim Deed
related
—
Mar 17, 2004
$2,493,000
Chae S Pak
Tahoma Vista LLC
Warranty Deed
$1,593,800 · Westside Community Bank
Nov 8, 1993
$1,773
Tahoma Vista Ptshp
Feige,a H & Caro
Grant Deed
$1,500,000 · Exchange Facilitator
—
—
Chae S Pak
—
Deed Of Trust
related
$60,000 · Westside Community Bank
—
—
Pak & Sons LLC
—
Deed Of Trust
related
$3,100,000 · Westside Community Bank
—
—
Tahoma Vista Partnership
—
Deed Of Trust
related
$1,775,000 · Columbia State Bank
—
—
Pak & Sons LLC
—
Deed Of Trust
related
$2,919,000 · Commencement Bank
—
—
Hyang S Pak
—
Deed Of Trust
related
$100,000 · Westside Community Bank
—
—
Park & Sons LLC
—
Deed Of Trust
related
$400,000 · Westside Community Bank
—
—
Chae S Pak
—
Deed Of Trust
related
$210,000 · Westside Community Bank
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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