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Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Banks
13605 Meridian E Ave Gig Harbor, WA 98335
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0598590
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,382 SF
Lot
0.84 ac (36,468 SF)
Zoning code
CC
APN
9008860030
UPID
US90-0598590
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
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.82M
Owner & transaction history
Mt Rainier Federal Credit Union
Mt Rainier Federal Credit Union
since 2025
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
CC · 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
$2,575,000
ML approach
$2,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $2.90M (May 28 2025)
Last sale anchor
$2.90M
May 28 2025
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
$832 / 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
$28,173
Tax year 2024
Assessed value
$2,692,500
Assessed 2024
Previous assessed
$2,692,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,367,100
Assessed improvement
$1,325,400
Land market value
$1,367,100
Improvement market value
$1,325,400
Total market value
$2,692,500
Applied tax rate
195.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,382 SF
Lot
0.84 ac (36,468 SF)
Zoning code
CC
APN
9008860030
UPID
US90-0598590
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Gig Harbor, WA
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Mt Rainier Federal Credit Union
Individual
Mailing address
5401 32ND AVE STE #100, GIG HARBOR, WA 98335-6308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
$497,869
Mt Rainier Federal Credit Union
Banner Bank
Deed
—
May 28, 2025
$2,900,000
Mt Rainier Federal Credit Union
Firgrove Commons 3 LLC
Warranty Deed
$2,030,000 · Figrove Commons 3 LLC
Feb 26, 2021
—
Firgrove Commons 3 LLC
—
Deed
related
$1,200,000 · Heritage Southeast Bank
Mar 30, 2018
—
Firgrove Commons 3 LLC
—
Deed
related
$1,100,000 · Columbia St Bk
—
—
Firgrove Commons 3 LLC
—
Loan Modification
related
$1,100,000 · Columbia St Bk
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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