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Property profile & analytics
FOR LEASE
Retail space
3802 S Cedar St, Tacoma, WA 98409
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3277800
For Lease
$15 SF/Yr
3802 S Cedar St, Tacoma, WA 98409
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
1.56 ac (68,171 SF)
Zoning code
UCX
APN
9710001651
UPID
US90-3277800
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
-
Crystal Spirit Spiritual Center LLC Metaphysical Supply Store Psychic
-
Wellness Inspired Alternative Medicine Practice
-
Conscious Journey Massage & MetaPersonal Integrated Therapies Alternative Medicine Practice Spa & Massage Center
-
Aldebaran Hypnotherapy Weight Loss Service Hypnotherapy Service
-
Marcus O'Crotty,LMP,CHt Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.25M
Owner & transaction history
Cedar 3802 LLC · 7 yrs held
Cedar 3802 LLC
since 2018
5 recorded transactions
Zoning & alternative use
UCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.8M
+28.5%
Warehouse, storage
$4.7M
+26.8%
Apartment house (5+ units)
$4.6M
+23.0%
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,610,000
6.5%
$3,330,000
7%
$3,095,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,740,000
Current use
COMMERCIAL (GENERAL)
$4,805,000
Change: +28% · Conversion: Easy
WAREHOUSE, STORAGE
$4,740,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,595,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$4,405,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
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
$34,137
Tax year 2024
Assessed value
$3,072,400
Assessed 2024
Previous assessed
$3,072,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,363,600
Assessed improvement
$708,800
Land market value
$2,363,600
Improvement market value
$708,800
Total market value
$3,072,400
Applied tax rate
5.0000
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
For Lease
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
18,000 SF
Lot
1.56 ac (68,171 SF)
Zoning code
UCX
APN
9710001651
UPID
US90-3277800
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UCX · Tacoma, WA
Zoning UCX · permitted uses
UCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
1.56 ac
Current owner
From public records · entity-resolved
Cedar 3802 LLC
Entity
Mailing address
PO BOX 65590, UNIVERSITY PLACE, WA 98464-1590
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
$3,765,815
Cedar 3802 LLC
Slorich LLC
Warranty Deed
$2,447,780 · Boeing Emps Cu
May 30, 2012
—
Slorich LLC
De Pietro,shelley Jo
Grant Deed
related
$219,465 · Heritage Bank
Jul 11, 2006
$1,878,000
Slorich LLC
Depietro J & I Trust
Warranty Deed
$1,996,505 · Pierce Commercial Bank
—
—
Slorich LLC
—
Deed Of Trust
related
$248,000 · Viking Bank
—
—
Slorich LLC
—
Deed Of Trust
related
$225,625 · 790 Andover LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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