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Property profile & analytics
OFF-MARKET
Retail space
3117 Harborview Dr Gig Harbor, WA 98335-2124
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1496081
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
WOOD FRAME
Total area
1,664 SF
Lot
2.6 ac (113,343 SF)
Zoning code
WC
APN
221082021
UPID
US90-1496081
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
-
The Club @ the Boatyard Hotel & Motel Resort
-
Boatsetter- Gig Harbor Boat Rental Service
-
Sound Boat Tours (Bike/Boat/Book/etc) Store
-
Gig Harbor Marina & Boatyard Marina
-
Marketplace Grille in the Boat Yard Trolley Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Puget Sound Properties LLC · 4 yrs held
South Puget Sound Properties LLC
since 2022
Last sale
$11.5M
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$60,240
Tax year 2024
Assessed value
$7,110,800
Assessed 2024
Previous assessed
$7,110,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,883,400
Assessed improvement
$4,227,400
Land market value
$2,883,400
Improvement market value
$4,227,400
Total market value
$7,110,800
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
1,664 SF
Lot
2.6 ac (113,343 SF)
Zoning code
WC
APN
221082021
UPID
US90-1496081
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
1925
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Lot
2.6 ac
Current owner
From public records · entity-resolved
South Puget Sound Properties LLC
Entity
Mailing address
13817 NE 20TH ST, BELLEVUE, WA 98005-2012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
—
South Puget Sound Properties LLC
The Harbor Marina LLC
Assignment Of Lease (leasehold Sale)
—
Nov 1, 2021
$11,499,857
South Puget Sound Properties LLC
Harbor Marina LLC
Warranty Deed
—
Jun 27, 2017
—
The Harbor Marina LLC
—
Deed
related
$6,000,000 · Heritage Bank
Jan 5, 2015
$5,296,387
Harbor Marina LLC
Gig Harbor Boat Yard INC
Warranty Deed
$3,000,000 · Gig Harbor Boat Yard INC
—
—
Gig Harbor Boat Yard INC
—
Deed Of Trust
related
$740,000 · Seattle-first National Bank
—
—
Gig Harbor Boat Yard INC
—
Deed Of Trust
related
$670,000 · Seafirst Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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