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    14923 Pacific S Ave Tacoma, WA 98444-4656
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    Property profile & analytics

    14923 Pacific S Ave, Tacoma, WA 98444-4656

    View on Map
    • Drive through restaurants
    • 2,098 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US90-1114309
    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

    • Pizza Hut / Take-out & Catering

    Property Details for 14923 Pacific S Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Zone code
    AC
    Property type
    Drive through restaurants
    APN
    319212037
    APU
    319212037

    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
    47.1212
    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
    $12,857
    $606,000
    $402,300
    $1,008,300
    -
    $606,000
    $402,300
    $1,008,300

    Comparable in this City

    • Value Estimation
      $1,575,000
      188 SF

      12161 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      12161 Pacific S Ave, Tacoma, WA 98444-5124
      View Details
    • Value Estimation by Request
      1,608 SF

      9810 Pacific Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      9810 Pacific Ave, Tacoma, WA 98444-6539
      View Details
    • Value Estimation
      $1,550,000
      575 SF

      12811 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      12811 Pacific S Ave, Tacoma, WA 98444-5070
      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
    • Value Estimation
      $625,000
      4,711 SF

      14900 Pacific S Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      14900 Pacific S Ave, Tacoma, WA 98444-4657
      View Details
    • Value Estimation
      $735,000
      4,988 SF

      11012 Pacific S Ave, Unit 39

      DRIVE-THRU RESTAURANT, FAST FOOD
      11012 Pacific S Ave, Tacoma, WA 98444-5738
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land with Redevelopment Potential

      Former restaurant site suitable for retail, office, or residential development.
      9825 Pacific Ave S Tacoma, Tacoma, WA 98444
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    • $1,550,000
      62,291 SF

      Commercial Land For Sale

      Former restaurant site suitable for retail, office, or residential development.
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      Turnkey Restaurant with Banquet Room

      Established restaurant with banquet room, nightclub potential, and ample parking.
      9002 Pacific Ave, Tacoma, WA 98444
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      Parkland Commercial Building and Lot

      20,000 SF building with adjacent vacant lot for sale.
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    • $3,539,000

      Tacoma Retail Center For Sale

      9,424 SF retail center in Tacoma, WA for sale.
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      5,938 SF

      Income-Producing Office Complex For Sale

      Turn-key investment opportunity with stable cash flow and freeway connectivity.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Property on Spanaway Loop

      2.36 acre mixed-use property with office and garage.
      12160 Spanaway Loop Rd S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces in high-traffic location near university.
      S & C St S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      1,060 SF

      Remodeled Commercial Space on Pacific

      2,000 SF commercial space with offices and showroom.
      15005 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      2,107 SF

      Former Tanning Salon Retail Space

      Retail space suitable for medical or other businesses.
      208-212 Garfield St S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space on Pacific Avenue

      Retail space with high traffic and easy highway access.
      10427-10437 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      1,575 SF

      Retail Space on Pacific Avenue

      7,813 SF retail space with high traffic frontage.
      8802-8808 Pacific Ave, Tacoma, WA 98444
      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      2.4k
    • Avg Time on site
      28 min
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    Tacoma, WA 98444-4656
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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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