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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Retail space
2302 Pacific Ave Tacoma, WA 98402-2916
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0310835
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,500 SF
Lot
0.14 ac (6,000 SF)
Zoning code
WR
APN
2023040010
UPID
US90-0310835
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
-
Bellevue Rare Coins - Tacoma Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$880k
Owner & transaction history
2302 Pacific Avenue LLC · 8 yrs held
2302 Pacific Avenue LLC
since 2018
7 recorded transactions
Zoning & alternative use
WR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$160 / 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
$13,064
Tax year 2024
Assessed value
$1,175,200
Assessed 2024
Previous assessed
$1,175,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$396,500
Assessed improvement
$778,700
Land market value
$396,500
Improvement market value
$778,700
Total market value
$1,175,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
5,500 SF
Lot
0.14 ac (6,000 SF)
Zoning code
WR
APN
2023040010
UPID
US90-0310835
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
WR · Tacoma, WA
Zoning WR · permitted uses
WR · 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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
2302 Pacific Avenue LLC
Entity
Mailing address
1216 111TH AVE NE, BELLEVUE, WA 98004-3715
Ownership since
2018
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
Sep 26, 2018
—
2302 Pacific Avenue LLC
—
Deed
related
$920,000 · Twinstar Cu
Jul 16, 2018
$960,000
2302 Pacific Avenue LLC
Gonter Properties LLC
Warranty Deed
—
Dec 7, 2010
—
Gonter Properties LLC
Gonter,gary F
Quit Claim Deed
related
$450,000 · Key Bank NA
Mar 10, 1999
$242,165
Gary F Gonter
Roberson,frederick R
Grant Deed
$250,000 · Columbia State Bank
May 6, 1997
$194,372
Frederick R Roberson
Tax Deferred Exchange Services
Quit Claim Deed
related
—
Feb 10, 1997
$167,200
Tax Deferred Exchange Svcs INC
Erickson,barbara M
Grant Deed
—
—
—
Gary F Gonter
—
Deed Of Trust
related
$202,000 · Columbia State Bank
—
—
Gonter Properties LLC
—
Deed Of Trust
related
$245,000 · Sound Bkng
—
—
Gonter Properties LLC
—
Deed Of Trust
related
$508,750 · Key Bank NA
—
—
2302 Pacific Avenue LLC
—
Deed Of Trust
related
$920,000 · Twinstar Cu
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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