Entity Owned Property summary
AI-generated overview
This exceptional retail opportunity is located at 3801 S Steele Street in Tacoma, Washington, within the vibrant Rainier Place complex. The property consists of five single-story buildings totaling 85,684 square feet, situated on a generous 6.37-acre lot. Currently, there are multiple retail spaces available, with a minimum divisible space of 2,268 square feet and a maximum contiguous space of 2,750 square feet. A total of 5,018 square feet is currently vacant and ready for immediate occupancy. The property boasts 440 parking spaces, ensuring convenient access for customers and employees. Built in 1983, the buildings are well-maintained and situated in a high-traffic area, benefiting from excellent visibility and accessibility. The property is zoned UCX within Pierce County, offering flexibility for a variety of retail uses. This is an ideal location for businesses seeking a prominent presence in a thriving Tacoma community. The available spaces provide a unique opportunity to establish or expand a retail operation in a well-established and highly visible location. Interested parties should inquire about lease terms and availability. The property's size and ample parking make it an attractive option for a range of retail businesses.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,600 SF
Lot
0.73 ac (31,742 SF)
Zoning code
UCX
APN
4205000091
UPID
US90-1214623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Physician
-
Dental Office
-
Furniture & Home Goods
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
since 2015
7 recorded transactions
Zoning & alternative use
UCX · Tacoma, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.16M
Value range
$1.94M – $2.38M
±10% around blend
Estimated value / SF
$225 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.94M
blend $2.16M
$2.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,600 SF
Lot area
0.73 ac
Year built
1960
Stories
1
APN
4205000091
Zoning
UCX
Assessed value
$2,631,800
Annual tax
$29,243
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.13M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.31M
@ 6.5% CAP return
$2.13M
@ 7% CAP return
$1.98M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 34 sales
$424
-47%
County 68 sales
$426
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $225/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.63M
Move the market yield to see immediate price impact.
Value / SF
$274
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$166k
$3.32M
$2.37M
$1.84M
$184k
$3.68M
$2.63M
$2.05M
$203k
$4.05M
$2.89M
$2.25M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,243
Tax year 2024
Assessed value
$2,631,800
Assessed 2024
Previous assessed
$2,631,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,266,700
Assessed improvement
$1,365,100
Land market value
$1,266,700
Improvement market value
$1,365,100
Total market value
$2,631,800
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
9,600 SF
Lot
0.73 ac (31,742 SF)
Zoning code
UCX
APN
4205000091
UPID
US90-1214623
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UCX · Tacoma, WAZoning UCX · permitted uses
UCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
UCX
Jurisdiction
Tacoma, WA
Recorded code
UCX
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UCX in Tacoma, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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