Financial
Distress signals
Property profile

2505 38th St Tacoma, WA 98409

OFF-MARKET
Strip malls
Property ID
US90-1694289
26,432 SF 4.74 ac lot Built 1988
Last sale Jun 2006 · $457,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$172k
Tax billed · 2024
Assessed value$15.49M
Assessed land$6.84M
Assessed improvement$8.65M
Effective rate1.11%

Value estimate

· Sep 2026
$4.65M
$4.19M – $5.12M
CAP approach$5.87M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$424/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$223 – $702

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
UCX
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store10.6
Hotel & Motel9.9
Electrical Service9.7

Location

2505 38th St Tacoma, WA 98409-7372
County assessor Recorded deeds · 23 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4020 Steele, Tacoma, WA 98409-7351 $3,500,000 Dec 2025 12,960 SF
5219 Tacoma Mall, Tacoma, WA 98409 $13,422,950 Jan 2024 19,133 SF
4916 Ctr, Tacoma, WA 98409-2348 $6,800,000 Aug 2021 20,598 SF
3630 Cedar, Tacoma, WA 98409-5702 $10,822,395 Jul 2021 19,200 SF
7002 Tacoma Mall, Lakewood, WA 98409-6623 $2,250,000 Dec 2020 11,968 SF
2214 48th, Tacoma, WA 98409-7156 $6,056,000 Mar 2019 46,231 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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