Financial
Distress signals
Property profile

2647 N Pearl St Tacoma, WA 98407

FOR LEASE
Drive through restaurants
Property ID
US90-1695398
2,890 SF 0.57 ac lot Built 1985
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2647 N Pearl St, Tacoma, WA 98407 For Lease
Contact for pricing 2,890 SF available
2647 N Pearl St, Tacoma, WA 98407
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Property summary

AI-generated overview

The property is configured as a drive-through restaurant and includes remaining food-service equipment. Improvements include a walk-in freezer, two walk-in coolers, and a hood (ventilation) system. It also has recently installed HVAC units. The site is subject to a recorded cross-access and parking agreement. A pylon sign is present. The property has a chicken restriction in place, which limits certain uses and requires compliance with that restriction. The facility and layout are suitable for drive-through restaurant use and related retail applications.

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?
$15k
Tax billed · 2024
Assessed value$1.39M
Assessed land$739k
Assessed improvement$652k
Effective rate1.11%

Value estimate

· Sep 2026
$450k
$405k – $495k
AI approach$330k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 333.59% cap applied$42k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$392/SF
Submarket average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$160 – $733
Qualifying comparables10

Cap rate analysis

How does the asset earn?
333.59%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CCX
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant47.4
Building Supply46.0
Wholesale Shop38.9

Location

2647 N Pearl St Tacoma, WA 98407
County assessor Recorded deeds · not on file 10 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2618 Proctor, Tacoma, WA 98407-5226 $1,750,000 Mar 2025 2,844 SF
5102 Winnifred, Ruston, WA 98407-6513 $500,000 Mar 2025 2,496 SF
3917 26th, Tacoma, WA 98407-5202 $2,500,000 May 2024 2,915 SF
3401 Proctor, Tacoma, WA 98407-5542 $1,500,000 Apr 2022 3,450 SF
2633 Pearl, Tacoma, WA 98407-2416 $38,019,486 Mar 2022 3,273 SF
3906 34th, Tacoma, WA 98407-5535 $300,000 Jul 2021 2,400 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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