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Property profile & analytics
FOR SALE
Retail space
1941 Marine View Dr Tacoma, WA 98422
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0449991
No photos on file
For Sale
$3,000,000
1941 Marine View Dr, Tacoma, WA 98422
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
WOOD FRAME
Total area
5,488 SF
Lot
1.69 ac (73,399 SF)
Zoning code
M2
APN
321362054
UPID
US90-0449991
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
-
The SandBar & Grill Bar & Pub
-
Earth Tech Industries Landscaping
-
LadyBug Bikini Espresso Take-out & Catering Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.82M
Owner & transaction history
Tac Town LLC · 5 yrs held
Tac Town LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
M2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+40.4%
Restaurant
$2.2M
+29.7%
Auto repair, garage
$2.0M
+22.3%
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
$2,480,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,325,000
Change: +40% · Conversion: Moderate
RESTAURANT
$2,150,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,025,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,645,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,345,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10% · vs last sale $1.60M (Mar 5 2021)
Last sale anchor
$1.60M
Mar 5 2021
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
$332 / 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
$19,192
Tax year 2024
Assessed value
$1,726,900
Assessed 2024
Previous assessed
$1,726,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$982,600
Assessed improvement
$744,300
Land market value
$982,600
Improvement market value
$744,300
Total market value
$1,726,900
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
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
1983
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
5,488 SF
Lot
1.69 ac (73,399 SF)
Zoning code
M2
APN
321362054
UPID
US90-0449991
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Tacoma, WA
Zoning M2 · permitted uses
M2 · 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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1983
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Tac Town LLC
Entity
Mailing address
1690 MARINE VW DR, TACOMA, WA 98422-4194
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
$1,600,000
Tac Town LLC
1941 Marine LLC
Warranty Deed
$1,280,000 · Columbia State Bank
Jul 17, 2020
—
1941 Marine LLC
—
Deed
related
$50,000 · Us Bk
Apr 26, 2019
—
1941 Marine LLC
—
Deed
related
—
Mar 29, 2017
—
1941 Marine LLC
—
Deed
related
$539,000 · Us Bk
Dec 17, 2010
$650,000
1941 Marine LLC
Oline,ronald S
Warranty Deed
$572,800 · Seacoast Commerce Bank
Jan 14, 2010
—
Ronald S Oline
Oline Alba M Trust
Quit Claim Deed
related
—
Mar 1, 1988
$42,000
Alba M Oline
Unknown
Grant Deed
—
—
—
1941 Marine LLC
—
Loan Modification
related
—
—
—
1941 Marine LLC
—
Loan Modification
related
$50,000 · Us Bk
—
—
1941 Marine LLC
—
Deed Of Trust
related
$539,000 · Us Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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