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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Commercial land
2617 Pacific Ave, Fox Island, WA 98333
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2666578
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.27 ac (11,700 SF)
Zoning code
WR
APN
2076130050
UPID
US90-2666578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.18M
Owner & transaction history
2611 Re LLC · 5 yrs held
2611 Re LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
WR · Fox Island, 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 Fox Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fox Island 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
$3,330,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $2.90M (Oct 5 2020)
Last sale anchor
$2.90M
Oct 5 2020
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
—
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
$5,683
Tax year 2024
Assessed value
$510,600
Assessed 2024
Previous assessed
$510,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$510,600
Land market value
$510,600
Total market value
$510,600
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.27 ac (11,700 SF)
Zoning code
WR
APN
2076130050
UPID
US90-2666578
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
WR · Fox Island, WA
Zoning WR · permitted uses
WR · Fox Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fox Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.27 ac
Current owner
From public records · entity-resolved
2611 Re LLC
Entity
Mailing address
PO BOX 313, FOX ISLAND, WA 98333-0313
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
—
2611 Re LLC
—
Deed
related
$1,239,000 · Telco Community Cu
Oct 5, 2020
$2,900,000
2611 Re LLC
Kashi Management INC
Warranty Deed
$1,000,000 · Kashi Management INC
Dec 29, 2016
—
Kashi Management INC
—
Deed
related
$995,000 · Bank Of The West
Oct 27, 2010
$725,000
Kashi Management INC
Nara Bk
Grant Deed
$580,000 · Nara Bank
Mar 26, 2010
$1,051,484
Nara Bk
Seaside Trustee Of Wa INC
Trustees Deed
related
—
Feb 24, 2006
$1,270,000
Cholu Pak
Sok INC
Grant Deed
$1,150,000 · Nara Bank
Jan 23, 2003
$1,260,000
Sok INC
Choi,sunhah
Grant Deed
$1,245,000 · Centerbank
Nov 3, 2000
$1,000,000
Sunhah Choi
Mitchell,robert J
Grant Deed
$1,030,000 · Pacific Union Bank
—
—
Kashi Management INC
—
Deed Of Trust
related
$300,000 · American West Bk
—
—
Kashi Management INC
—
Deed Of Trust
related
$500,000 · American West Bk
—
—
Kashi Management INC
—
Deed Of Trust
related
$995,000 · Bank Of The West
—
—
Sok INC
—
Deed Of Trust
related
$30,000 · Sunhah Choi
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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