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Property profile & analytics
FOR SALE
Retail space
18823 Pacific Ave S Spanaway, WA 98387
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3127252
No photos on file
For Sale
$508,600
18823 Pacific Ave S, Spanaway, WA 98387
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
WOOD FRAME
Total area
4,800 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CE
APN
319333018
UPID
US90-3127252
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
$560k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$575k
Owner & transaction history
U S Bank National Association · 1 yrs held
U S Bank National Association
since 2024
7 recorded transactions
Zoning & alternative use
CE · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$120 / 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
$10,128
Tax year 2024
Assessed value
$688,600
Assessed 2024
Previous assessed
$688,600
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$330,000
Assessed improvement
$358,600
Land market value
$330,000
Improvement market value
$358,600
Total market value
$688,600
Applied tax rate
591.0000
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
For Sale
Year built
1950
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
4,800 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CE
APN
319333018
UPID
US90-3127252
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WAZoning CE · permitted uses
CE · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
U S Bank National Association
Entity
Mailing address
921 S SHERIDAN AVE, TACOMA, WA 98405-3633
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$509,459
U S Bank National Association
All Access Doggy Daycare And More L
Trustees Deed
related
—
Apr 1, 2021
—
All Access Doggy Daycare And More L
—
Deed
related
$434,000 · Velocity Commercial Capital LLC
Apr 22, 2019
—
All Access Doggy Daycare & Mor
—
Deed
related
$330,000 · Jane Stadlman
Dec 19, 2018
—
All Access Doggy Daycare & Mor
—
Deed
related
$75,000 · Jane Stadlman
Aug 9, 2018
—
All Access Doggy Daycare & Mor
—
Deed
related
—
Jun 12, 2018
$229,500
All Access Doggy Daycare & Mor
Mel R Codd
Grant Deed
—
May 28, 2008
—
Teri Eldredge
Paradox INC
Quit Claim Deed
related
—
Jun 1, 2004
—
Paradox INC
Bocott,thomas F & Cynthia L
Quit Claim Deed
related
—
Apr 18, 1994
—
Roy Prairie Associates
Roy South Associ
Quit Claim Deed
related
—
—
—
All Access Doggy Daycare & Mor
—
Deed Of Trust
related
$330,000 · Jane Stadlman
—
—
All Access Doggy Daycare & Mor
—
Deed Of Trust
related
$75,000 · Jane Stadlman
—
—
All Access Doggy Daycare & Mor
—
Deed Of Trust
related
—
—
—
Paradox INC
—
Deed Of Trust
related
$550,000 · Pacific Coast Investment Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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