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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Turn key restaurants
1902 65th W Ave Tacoma, WA 98466-6224
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0606090
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
WOOD FRAME
Total area
296 SF
Lot
0.36 ac (15,660 SF)
Zoning code
CC
APN
6293000030
UPID
US90-0606090
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
-
Cafe' Elite Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Specialty Coffee LLC · 6 yrs held
Specialty Coffee LLC
since 2020
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
CC · 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
Method
Estimation
Statistic approach
$635,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $650k (Jul 8 2020)
Last sale anchor
$650k
Jul 8 2020
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
$2,213 / 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
$4,828
Tax year 2024
Assessed value
$506,100
Assessed 2024
Previous assessed
$506,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$436,500
Assessed improvement
$69,600
Land market value
$436,500
Improvement market value
$69,600
Total market value
$506,100
Applied tax rate
70.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
1
Total area
296 SF
Lot
0.36 ac (15,660 SF)
Zoning code
CC
APN
6293000030
UPID
US90-0606090
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Tacoma, WA
Zoning CC · permitted uses
CC · 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
2001
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Specialty Coffee LLC
Entity
Mailing address
3829 S M ST, TACOMA, WA 98418-3933
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2020
$650,000
Specialty Coffee LLC
William P Parker
Warranty Deed
$488,000 · Columbia State Bank
Apr 3, 2000
$430,458
William P Parker
Iverson Real Estate LLC
Grant Deed
$296,000 · Key Bank NA
May 15, 1998
$324,620
Iverson Real Estate LLC
Iverson,jeffrey B
Trustees Deed
related
—
Jun 20, 1996
$308,750
Dyer Corp
Iverson Real Estate LLC
Grant Deed
$278,750 · Seller
Jan 3, 1995
—
Nor-beck Real Estate LLC
Nor-beck Trust
Quit Claim Deed
related
—
—
—
William P Parker
—
Deed Of Trust
related
$230,000 · Columbia State 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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