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    3004 112th E St Tacoma, WA 98446-2216
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    Property profile & analytics

    3004 112th E St, Tacoma, WA 98446-2216

    View on Map
    • Grocery and convenience stores
    • 2,840 SF
    • 0.99 lot acres
    Off-Market
    Property ID
    US90-1758925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chevron / Gas Station
    • JBJ Food Mart Gas station / Gas Station
    • Hot Stuff Pizza / Restaurant
    • ATM / Atm
    • M J Mart / Grocery & Convenience Store / Food Market

    Property Details for 3004 112th E St

    Year built
    1998
    Construction
    WOOD FRAME
    Lot size
    0.99 lot acres
    Zone code
    NC
    Property type
    Grocery and convenience stores
    APN
    5815000030
    APU
    5815000030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2017 $3,000,000 Gill & Kahlon INC American Fuel LLC Warranty Deed $2.1M · Columbia State Bank
    Dec 18, 2017 — Singh Bir Kaur,jagdish Quit Claim Deed · related —
    Aug 12, 2011 $1,980,000 American Fuel LLC Pak,mi H Warranty Deed $1.8M · Hanmi Bank
    Oct 16, 1995 $132,500 Michael H Pak Kim,dong U & Jung O Grant Deed $98k · Seller
    Apr 12, 1991 $95,000 Dong Uk Kim Unknown Grant Deed $69k · Seller
    — — Jennifer Pak — Deed Of Trust · related $900k · Mirae Bank
    — — Michaek H Pak — Deed Of Trust · related $750k · City Bank
    — — Jennifer Pak — Deed Of Trust · related $744k · City Bank
    — — Michael H Pak — Deed Of Trust · related $189k · Powell Distributing Co
    — — Michael H Pak — Deed Of Trust · related $750k · City Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $613,000
      Market price range: $374k - $1.16M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.388
    Latitude
    47.1544
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,169
    $945,000
    $543,200
    $1,488,200
    -
    $945,000
    $543,200
    $1,488,200

    Comparable in this City

    • Value Estimation
      $850,000
      7,238 SF

      3501 104th E St

      RETAIL STORES (PERSONAL SERVICES)
      3501 104th E St, Tacoma, WA 98446-3503
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    • Value Estimation
      $8,505,000
      1.69 Acres

      17513 Cyn E Pkwy, Unit 17515

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation by Request
      2,080 SF

      5317 131st St E Ct

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      1,754 SF

      9602 Waller E Rd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      2,480 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
      3,500 SF

      17810 Canyon Rd

      Individual retail properties
      17810 Canyon Rd, Puyallup, WA 98446
      View Details

    Similar Nearby for Sale

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      16,750 SF

      Former Rite Aid in Puyallup

      Former Rite Aid on a hard corner with high traffic.
      11220 Canyon Rd E, Puyallup, WA 98446
      View Details
    • $1,350,000
      89,734 SF

      Industrial Land Parcel For Sale

      2.06 acre industrial land parcel in Employment Corridor.
      3519 112Th St E, Tacoma, WA 98446
      View Details
    • Contact for pricing

      5.8+ Acres Zoned CE Land

      Prime location with easy highway access and multiple uses.
      4810 112Th St E, Tacoma, WA 98446
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    • Contact for pricing

      1.35 Acres Versatile Tacoma Land

      1.35 acres zoned RSep with potential for residential/commercial use.
      5021 128Th St E, Tacoma, WA 98446
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    • $6,750,000

      9.36-Acre Development Site

      9.36-acre site in Pierce County, zoned for high-density development.
      5114 112Th St E, Tacoma, WA 98446
      View Details
    • $3,502,500
      11,675 SF

      Income-Producing Commercial Asset in Tacoma

      Stabilized commercial property in a growing Tacoma submarket.
      5001 112Th St E, Tacoma, WA 98446
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    Similar Nearby for Lease

    • Contact for pricing
      3,909 SF

      Retail Space in Puyallup, WA

      Retail space available for lease in Puyallup, Washington.
      11012 Canyon Rd E, Puyallup, WA 98446
      View Details
    • Contact for pricing
      157,252 SF

      Commercial Land Lease Opportunity

      3.61 +/- acres available for lease or build-to-suit.
      17911 52Nd Ave E, Tacoma, WA 98446
      View Details
    • Contact for pricing
      112,957 SF

      Tacoma Warehouse Space Available

      Available warehouse space in Tacoma, Washington, totaling 112,957 square feet.
      5103 136Th St E, Tacoma, WA 98446
      View Details
    • Contact for pricing
      535,148 SF

      Industrial Space Available for Lease

      Industrial buildings offering space for lease, delivering Q2 2026.
      17027 Canyon Pkwy E, Tacoma, WA 98446
      View Details
    • $11,401 /Mo
      3,909 SF

      Restaurant Space with Great Visibility

      Restaurant space available for rent with excellent access and visibility.
      11012 Canyon Rd E, Puyallup, WA 98446
      View Details
    • Contact for pricing
      5,400 SF

      New Construction Office and Warehouse

      New construction office and warehouse space with loading dock.
      3721 Brookdale Rd E, Tacoma, WA 98446
      View Details
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    Tacoma, WA 98446-2216
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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