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Property profile & analytics
FOR LEASE
Strip malls
2015 96Th St S Tacoma, WA 98444
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0906366
No photos on file
For Lease
$2,217/Mo
2015 96Th St S, Tacoma, WA 98444
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD FRAME
Total area
5,232 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C1
APN
320318017
UPID
US90-0906366
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
-
Monarch Groceries Department Store
-
Helen's Barber Shop Barber Shop
-
Smoke & Beer Mini Mart Grocery & Convenience Store
-
Carniceria Apatzingan Take-out & Catering Butcher
-
Tienda Mi Tierra1 Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
2022 Triple 7 LLC · 3 yrs held
2022 Triple 7 LLC
since 2022
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-1: General Neighborhood Commercial District The C-1 District contains low-intensity, smaller-scale land uses such as retail, office, and service uses. All uses permitted in the Transitional District are also permitted in the C -1 District with the addition of fueling stations. Building sizes are limited for compatibility with surrounding residential areas.…
Zone name
Commercial
General category
COMMERCIAL
Zone area
179.24 ac
Source
Ordinance Table
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
$1,170,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,160,000
7%
$1,080,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,930,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.18M (Sep 12 2022)
Last sale anchor
$1.18M
Sep 12 2022
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
$224 / 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
$13,423
Tax year 2024
Assessed value
$1,313,300
Assessed 2024
Previous assessed
$1,313,300
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,210,300
Assessed improvement
$103,000
Land market value
$1,210,300
Improvement market value
$103,000
Total market value
$1,313,300
Applied tax rate
10.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,232 SF
Lot
1.05 ac (45,738 SF)
Zoning code
C1
APN
320318017
UPID
US90-0906366
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WAZoning C1 · permitted uses
C1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-1: General Neighborhood Commercial District The C-1 District contains low-intensity, smaller-scale land uses such as retail, office, and service uses. All uses permitted in the Transitional District are also permitted in the C -1 District with the addition of fueling stations. Building sizes are limited for compatibility with surrounding residential areas. The maximum building height in this district is 35 feet.
Zone name
Commercial
General category
COMMERCIAL
Zone area
179.24 ac
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
2022 Triple 7 LLC
Entity
Mailing address
1836 MARINER CIR NE, TACOMA, WA 98422-3468
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
2022 Triple 7 LLC
—
Deed
related
$750,000 · Umpqua Bank
Sep 12, 2022
$1,180,000
2022 Triple 7 LLC
Hokold Square LLC
Warranty Deed
$500,000 · Bret Chatalas
Dec 29, 2004
—
Hokold Square LLC
Hokold,oscar T & Olivann
Quit Claim Deed
related
—
—
—
Oscar T Hokold
—
Deed Of Trust
related
$486,416 · Pierce Commercial 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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