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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Retail space
3111 Harborview Dr Gig Harbor, WA 98335-2105
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0513172
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,052 SF
Lot
0.07 ac (3,060 SF)
Zoning code
WC
APN
221082064
UPID
US90-0513172
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
-
Windermere Real Estate - Professional Partners Downtown Gig Harbor Real Estate Agency
-
Kooley & Co. Real Estate Agency
-
Saltwater Homes Real Estate Agency
-
Stacey Kronquist Real Estate Agency
-
Windermere Gig Harbor Rlty DT Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$890k
Owner & transaction history
3111 Harborview Investors LLC · 15 yrs held
3111 Harborview Investors LLC
since 2010
7 recorded transactions
Zoning & alternative use
WC · Gig Harbor, 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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
by Request
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Blend value · Realmo final
$890k
Range $801k – $979k · ±10%
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
$147 / 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
$9,069
Tax year 2024
Assessed value
$1,069,400
Assessed 2024
Previous assessed
$1,069,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$349,400
Assessed improvement
$720,000
Land market value
$349,400
Improvement market value
$720,000
Total market value
$1,069,400
Applied tax rate
75.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
6,052 SF
Lot
0.07 ac (3,060 SF)
Zoning code
WC
APN
221082064
UPID
US90-0513172
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
WC · Gig Harbor, WA
Zoning WC · permitted uses
WC · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
3111 Harborview Investors LLC
Entity
Mailing address
5712 ORCH ST W, UNIVERSITY PLACE, WA 98467-3822
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
—
3111 Harborview Investors LLC
—
Deed
related
$851,829 · Drohan R P Fam Exempt Tr (pt)
Dec 30, 2010
$1,300,000
3111 Harborview Investors LLC
Drohan,robert P & Gail F
Warranty Deed
$1,075,000 · Robert P Dorhan
Sep 14, 2009
$1,887,000
Robert P Drohan
Gordon David D
Trustees Deed
related
—
Dec 26, 2007
—
Cc & M Properties LLC
Tax Deferred Exchange Svcs INC
Warranty Deed
—
Sep 5, 2007
$1,900,000
Tax Deferred Exchange Svcs INC
Drohan,robert P & Gail F
Warranty Deed
$1,675,000 · Robert P & Gail F Drohan
—
—
3111 Harborview Investors LLC
—
Loan Modification
related
$851,829 · Drohan R P Fam Exempt Tr (pt)
—
—
Robert P Drohan
—
Deed Of Trust
related
$239,000 · Washington Mutual Fsb
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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