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    Property profile & analytics

    3505 S Tacoma Way Tacoma, WA 98409

    • Retail space
    • 7,322 SF
    • 0.89 lot acres
    For Sale
    View listing
    $2,664,650
    Value Estimation
    Last Sale
    Jan 12, 2022
    $1,335,000
    Location Intelligence
    Property ID
    US90-1875281
    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.

    Current Use by Public Records

    • Water Concepts Kitchen & Bath Showroom / Plumbing Supply Store / Bathroom Remodeler
    • Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
    • Counter Connections / Kitchen Supply Store / Bathroom Supply Store

    Property Details for 3505 S Tacoma Way

    Year built
    1935
    Construction
    WOOD FRAME
    Lot size
    0.89 lot acres
    Property size
    7,322 SF
    Property type
    Retail space
    APN
    9710000493
    APU
    9710000493

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,420,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,495,000
      Geo Method
      $1,310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,660,000
      Retail
      $1,425,000
      Mixed-Use
      $1,550,000
      Hospitality
      $1,650,000
      Educational
      $1,480,000
      Residential Income
      $1,640,000
      Energy
      $1,710,000
      Income-Based Land
      $1,320,000
      Food Service
      $1,315,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.482
    Latitude
    47.2251
    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
    $14,694
    $686,900
    $635,000
    $1,321,900
    -
    $686,900
    $635,000
    $1,321,900

    Comparable in this City

    • Value Estimation by Request
      20,280 SF

      6208 Tacoma Mall Blvd

      RETAIL STORES (PERSONAL SERVICES) • 20,280 SF
      6208 Tacoma Mall Blvd, Tacoma, WA 98409-6827
      View Details
    • Value Estimation by Request
      5,518 SF

      6409 Tacoma Mall Blvd, Unit 5

      RETAIL STORES (PERSONAL SERVICES) • 5,518 SF
      6409 Tacoma Mall Blvd, Lakewood, WA 98409-6736
      View Details
    • Value Estimation by Request
      18,000 SF

      3802 Cedar St

      RETAIL STORES (PERSONAL SERVICES) • 18,000 SF
      3802 Cedar St, Tacoma, WA 98409-5657
      View Details
    • Value Estimation
      $785,000
      2,742 SF

      4846 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,742 SF
      4846 Washington St, Lakewood, WA 98409-2807
      View Details
    • Value Estimation
      $2,340,000
      174 SF

      3611 56th St

      RETAIL STORES (PERSONAL SERVICES) • 174 SF
      3611 56th St, Tacoma, WA 98409
      View Details
    • Value Estimation
      $460,000
      2,445 SF

      3502 74th St

      RETAIL STORES (PERSONAL SERVICES) • 2,445 SF
      3502 74th St, Tacoma, WA 98409-3912
      View Details

    Similar Nearby for Sale

    • $5,950,000

      Mixed-Use Building in Tacoma, WA

      3,126-19,133 SF available in Tacoma's Urban Center Mixed-Use Zone.
      3802 Cedar St, Tacoma, WA 98409
      View Details
    • $700,000

      Tacoma Mall Retail Opportunity

      Three-story, 2,707 SF building near Tacoma Mall entrance.
      4010 Steele St, Tacoma, WA 98409
      View Details
    • Contact for pricing
      4,960 SF

      South Tacoma Way Retail Warehouse

      Freestanding retail warehouse with I-502 zoning and high visibility.
      3201 South Tacoma Way, Tacoma, WA 98409
      View Details
    • $669,000

      High-Visibility Retail Building For Sale

      2,445 SF retail building at high-traffic intersection in Tacoma, WA.
      3502 S 74Th St, Tacoma, WA 98409
      View Details
    • $1,660,800
      5,536 SF

      Adaptable Commercial Space For Sale

      Commercial property suitable for retail, showroom, or light industrial use.
      4820 Washington St, Tacoma, WA 98409
      View Details
    • $1,200,000
      1,896 SF

      Restaurant/Retail Property in Tacoma, WA

      Restaurant/Retail property available for sale in Tacoma, WA.
      3101 S 38Th St, Tacoma, WA 98409
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      2,566 SF

      Tacoma Retail/Flex Space Available

      Retail/Flex space available for lease in Tacoma, Washington.
      3630-3680 S Cedar St, Tacoma, WA 98409
      View Details
    • $50 SF/Yr
      2,561 SF

      Retail Space Near Highway 16

      Retail space with high visibility and easy highway access.
      4702-4720 Center St, Tacoma, WA 98409
      View Details
    • $18 SF/Yr
      1,400 SF

      Retail Space in Olympic South

      Retail space with open floor plan and excellent signage.
      5825 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $20 SF/Yr
      2,604 SF

      Retail Space in Tacoma, WA

      Retail space available for lease in Tacoma, Washington.
      5006 Center St, Tacoma, WA 98409
      View Details
    • $25 SF/Yr
      2,836 SF

      Tacoma Mall Blvd Retail Space

      Retail space available on Tacoma Mall Blvd.
      5825-6001 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $20 SF/Yr
      10,408 SF

      Tacoma Retail Space For Lease

      Retail space available for lease in Tacoma, Washington.
      2501-2505 S 38Th St, Tacoma, WA 98409
      View Details
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    Tacoma, WA 98409
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    Realmo Value Estimation

    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.

    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.

    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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