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Financial
Distress signals
Property profile

3222 56th St Gig Harbor, WA 98335

OFF-MARKET
Turn key restaurants
Property ID
US90-1015046
3,556 SF 0.72 ac lot Built 2001
Last sale Sep 2026 · $1,698,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

3222 56th Street is a freestanding commercial building constructed to support restaurant use, with an existing total building area of 3,556 SF, situated on a 0.72-acre lot (Parcel #221177050). The property provides a basis for continued restaurant operations or potential conversion to office or medical use, subject to applicable approvals. It is located in a well-established Gig Harbor neighborhood just off a primary arterial, offering access to surrounding residential communities and local amenities. The property is zoned B-2 (General Business District).

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$1.38M
Assessed land$737k
Assessed improvement$639k
Effective rate0.85%

Value estimate

· Oct 2026
$1.89M
$1.70M – $2.08M
AI approach$2.01M
Submarket $/SF estimate$1.92M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$461/SF
County average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$202 – $753
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
Joint use of required parking spaces for the downtown business (DB), waterfront commercial (WC), general business (B-2), commercial (C-1)...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store14.6
Storage Facility12.7
Garden Center11.8

Location

3222 56th St Gig Harbor, WA 98335-1359
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13605 Meridian E, Gig Harbor, WA 98335 $2,900,000 May 2025 3,382 SF
5524 Soundview, Gig Harbor, WA 98335-1477 $2,550,000 Jun 2024 3,561 SF
5303 Pt Fosdick, Gig Harbor, WA 98335-1720 $1,155,000 May 2024 4,400 SF
612 To 614th Regents, Gig Harbor, WA 98335 $325,000 Dec 2020 2,860 SF
4521 56th NW, Gig Harbor, WA 98335-8570 $1,393,052 Dec 2020 3,720 SF
5115 Olympic, Gig Harbor, WA 98335-1704 $2,300,000 Sep 2020 3,050 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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