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Property profile & analytics
OFF-MARKET
Estimated value
$20,535,000
Outlet malls
1913 72nd St Tacoma, WA 98408-1214
Entity Owned
15-yr Hold
Free & Clear
Property ID
US90-0377690
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
104,614 SF
Lot
7.49 ac (326,264 SF)
Zoning code
C2
APN
9345000028
UPID
US90-0377690
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
-
Western Union Bank Credit Union
-
WinCo Foods Specialty Food Shop Supermarket
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.37M
Comparable Approach
Comparable
$21.82M
Blend (final)
Blend
$20.54M
Owner & transaction history
Winco Foods LLC · 15 yrs held
Winco Foods LLC
since 2010
7 recorded transactions
Zoning & alternative use
C2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$32.3M
+2.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,980,000
6.5%
$19,365,000
7%
$17,985,000
Alternative Use
Use
Estimation
RETAIL STORES
$31,590,000
Current use
COMMERCIAL (GENERAL)
$32,250,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$31,345,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$25,600,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$20.54M
Range $18.48M – $22.59M · ±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
$196 / 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
$213,658
Tax year 2024
Assessed value
$19,235,400
Assessed 2024
Previous assessed
$19,235,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,128,600
Assessed improvement
$12,106,800
Land market value
$7,128,600
Improvement market value
$12,106,800
Total market value
$19,235,400
Applied tax rate
5.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
104,614 SF
Lot
7.49 ac (326,264 SF)
Zoning code
C2
APN
9345000028
UPID
US90-0377690
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$31.6M
COMMERCIAL (GENERAL)
Est. value
$32.3M
WAREHOUSE, STORAGE
Est. value
$31.3M
MEDICAL BUILDING
Est. value
$25.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
7.49 ac
Current owner
From public records · entity-resolved
Winco Foods LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 5756, BOISE, ID 83705-0756
Ownership since
2010
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
Dec 9, 2010
—
Winco Foods LLC
72nd Avenue Partners LLC
Quit Claim Deed
related
—
Apr 21, 2010
$11,750,000
72nd Avenue Partners LLC
Rh Tacoma Place Associates LLC
Warranty Deed
—
May 18, 2006
—
Albert B Lebenzon
Albert B Lebenzon Md INC Ps
Quit Claim Deed
related
—
Dec 30, 2005
—
Sharis Management Corp
—
Deed Of Trust
related
$38,550,000 · Wells Fargo Foothill INC
May 20, 2004
$26,500,000
Rh Tacoma Place Assn LLC
Pob Apollo Tacoma Pad LP
Grant Deed
$19,000,000 · Sun Life Assurance Co Canada
Oct 23, 1998
$24,983
Pob Apollo Tacoma LP
Crane Trading LLC
Grant Deed
—
Sep 16, 1997
—
Crane Trading LLC
Tacoma Place INC
Grant Deed
$19,500,000 · Northland Financial Co
—
—
Tacoma Bbq INC
—
Deed Of Trust
related
$1,259,860 · Ge Capital Franchise Finance
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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