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Property profile & analytics
OFF-MARKET
Estimated value
$12,265,000
Turn key restaurants
3001 Ruston Way Tacoma, WA 98402-5306
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1121459
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Construction
WOOD FRAME
Total area
8,904 SF
Lot
0.96 ac (42,000 SF)
Zoning code
S6
APN
8950002630
UPID
US90-1121459
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
-
RAM Restaurant & Brewery Bar & Pub
-
Run water front Gym & Fitness Center
-
Pacific Parasail Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.27M
Owner & transaction history
Puyallup Tribe Of Indians · 4 yrs held
Puyallup Tribe Of Indians
since 2021
Last sale
$12.8M
4 recorded transactions
Zoning & alternative use
S6 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Warehouse, storage
$19.5M
+459.3%
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
$14,145,000
ML approach
$9,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,495,000
Change: +459% · Conversion: Difficult
Blend value · Realmo final
$12.27M
Range $11.04M – $13.49M · ±10% · vs last sale $12.75M (Sep 29 2021)
Last sale anchor
$12.75M
Sep 29 2021
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
$1,377 / 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
$52,031
Tax year 2024
Assessed value
$4,683,500
Assessed 2024
Previous assessed
$4,683,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,416,600
Assessed improvement
$2,266,900
Land market value
$2,416,600
Improvement market value
$2,266,900
Total market value
$4,683,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1992
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
8,904 SF
Lot
0.96 ac (42,000 SF)
Zoning code
S6
APN
8950002630
UPID
US90-1121459
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
S6 · Tacoma, WAZoning S6 · permitted uses
S6 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$19.5M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Puyallup Tribe Of Indians
Individual
Free & Clear · 4 yrs held
Mailing address
3009 E PORTLAND AVE, TACOMA, WA 98404-4926
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$12,750,000
Puyallup Tribe Of Indians
Ruston Ram Restaurant Land Company
Warranty Deed
—
Feb 7, 2003
—
Tacoma 7-49 LLC
—
Deed Of Trust
related
$13,500,000 · Wells Fargo Bank
May 15, 2000
—
Tacoma 7-49 LLC
—
Deed Of Trust
related
$35,000,000 · Us Bank NA Trustee
Feb 24, 1997
—
Ruston Way Land Co LLC
C & I Company LP
Grant Deed
related
—
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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