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Property profile & analytics
OFF-MARKET
Strip malls
2601 Pearl St Tacoma, WA 98407-2416
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2957687
Property summary
AI-generated overview
Westgate North, a single-story, 7,819 square foot retail shopping center in Tacoma, WA, presents a unique investment opportunity. The property, located at 2601 N Pearl St, 98407, is situated in the CBA North Tacoma submarket of Pierce County and boasts a prime location on Pearl Street (Highway 163), enjoying high visibility with over 23,000 cars passing daily. The entire 7,819 square feet is currently vacant, offering flexible space options ranging from a minimum of 1,602 square feet to a maximum contiguous space of 3,417 square feet. The property's zoning is CCX. Its strategic location benefits from proximity to Point Defiance Park and Zoo & Aquarium, attracting an estimated 700,000 visitors annually. The center is part of a high-density neighborhood with above-average household incomes, creating a strong potential customer base. The property consists of one building and features multiple tenancy options. The APN numbers are 7045000158
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,118 SF
Lot
1.43 ac (62,465 SF)
APN
7045000317
UPID
US90-2957687
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 Habit Burger Grill Restaurant
-
Big Chicken Restaurant
-
Westgate North Shopping Center Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Westgate North Station LLC · 1 yrs held
Westgate North Station LLC
since 2025
Last sale
$38.0M
5 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,602
Tax year 2024
Assessed value
$5,005,000
Assessed 2024
Previous assessed
$5,005,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,886,500
Assessed improvement
$3,118,500
Land market value
$1,886,500
Improvement market value
$3,118,500
Total market value
$5,005,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Total area
5,118 SF
Lot
1.43 ac (62,465 SF)
APN
7045000317
UPID
US90-2957687
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Lot
1.43 ac
Current owner
From public records · entity-resolved
Westgate North Station LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1221 MAIN ST STE #1000, COLUMBIA, SC 29201-3255
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$37,000,000
Westgate North Station LLC
Wc Properties Edens LLC
Bargain & Sale Deed
—
Mar 31, 2022
$38,019,486
Wc Properties Edens LLC
Ds Properties 17 LP
Bargain And Sale Deed
$8,499,006 · Prudential Insurance Of America
Mar 10, 2017
—
Ds Properties 17 LP
Ds Westgate North LP
Quit Claim Deed
$33,500,000 · Miscellaneous Ins Co
Dec 30, 2014
$15,800,000
Ds Westgate North LP
Ch Realty IV Of Westgate North Ll
Grant Deed
—
Apr 16, 2013
—
Ch Realty IV Of Westgate North Ll
—
Grant Deed
related
$8,170,500 · Texas Cap 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.
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