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Property profile & analytics
OFF-MARKET Estimated value $790,000
Strip malls

3123 56th St Ste 14 Gig Harbor, WA 98335-1363

8,640 SF 0.79 ac lot Built 1971
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US90-0520229
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Construction WOOD FRAME
Total area 8,640 SF
Lot 0.79 ac (34,469 SF)
Zoning code C-1
APN 221172036
UPID US90-0520229
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
  • Russell G. Galarneau, DC Alternative Medicine Practice
  • S.H Home Staging Interior Design Home Decor Store
  • Better Properties Gig Harbor Real Estate Agency
  • Narrows Passage Window & Door Hardware & Home Improvement Interior Design
  • Gig Harbor Window & Door, LLC Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$626k
Blend (final) Blend
$790k
Owner & transaction history
John W Holmaas · 9 yrs held
John W Holmaas
since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Junkyards, auto wrecking yards and garbage dumps are not allowed in the C-1 district. 20 Clubs in the WM zone shall not serve alcoholic beverages and shall not operate a grill or deep-fat fryer. 21 Independent living facilities are conditionally allowed in the ED zone only when in combination with assisted living facilities, skilled nursing facilities or hos…

Zone name Commercial District
General category COMMERCIAL
Zone area 53.42 ac
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