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Property profile & analytics
OFF-MARKET
Retail space
1703 97th E St Tacoma, WA 98445-4027
Individually Owned
4-yr Hold
Property ID
US90-0941945
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1908
Construction
FRAME
Total area
906 SF
Lot
0.5 ac (21,875 SF)
Zoning code
NC
APN
7745001030
UPID
US90-0941945
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
-
Upcycled Cottage Vintage Finds and Boutique Home Decor Store (Bike/Boat/Book/etc) Store
-
The Frank Lopez Group powered by eXp Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Francisco J Lopez · 4 yrs held
Francisco J Lopez
since 2021
Last sale
$425,900
7 recorded transactions
Zoning & alternative use
NC · Tacoma, 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 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
—
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
$5,725
Tax year 2024
Assessed value
$413,400
Assessed 2024
Previous assessed
$413,400
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$281,100
Assessed improvement
$132,300
Land market value
$281,100
Improvement market value
$132,300
Total market value
$413,400
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
1908
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
906 SF
Lot
0.5 ac (21,875 SF)
Zoning code
NC
APN
7745001030
UPID
US90-0941945
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Tacoma, WA
Zoning NC · permitted uses
NC · 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.
Building & site characteristics
From public records
Year built
1908
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Francisco J Lopez
Individual
Mailing address
1703 97TH ST E, TACOMA, WA 98445-4027
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Francisco J Lopez
—
Deed
related
$383,600 · Paramount Residential Mortgage Group INC
Dec 15, 2021
$425,900
Francisco J Lopez
Briggs Rental LLC
Warranty Deed
$385,900 · Briggs Rental LLC
Oct 23, 2017
—
Briggs Rental LLC
Bailey Sewer & Septic LLC
Quit Claim Deed
related
—
Sep 19, 2017
$117,300
Bailey Sewer & Septic LLC
Sheriff Of Pierce County|craig Helen L
Trustees Deed
related
—
Jul 21, 2017
$117,300
Bailey Sewer & Septic LLC
Deputy Sheriff Of Pierce County|craig Helen L
Trustees Deed
related
—
—
—
Robert B Craig
—
Deed Of Trust
related
$30,817 · Key Bank Of Washington
—
—
Robert B Craig
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
Robert B Craig
—
Deed Of Trust
related
$40,000 · Key Bank NA
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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