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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Retail space
3902 12th St 3910 Tacoma, WA 98405-1507
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0859716
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD FRAME
Total area
8,280 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1
APN
7200000010
UPID
US90-0859716
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
-
Kingsbury Treasures (Bike/Boat/Book/etc) Store
-
Bites of the World and groceries Grocery & Convenience Store Food Market
-
bites of the world and groceries halal; Afrian market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.49M
Owner & transaction history
Lindsey Cohen Holdings LLC · 6 yrs held
Lindsey Cohen Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,660,000
6.5%
$1,535,000
7%
$1,425,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,480,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$2,025,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$16,835
Tax year 2024
Assessed value
$1,514,700
Assessed 2024
Previous assessed
$1,514,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$404,600
Assessed improvement
$1,110,100
Land market value
$404,600
Improvement market value
$1,110,100
Total market value
$1,514,700
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
Off-Market
Year built
1900
Construction
WOOD FRAME
Heating
SPACE
Buildings
3
Stories
1
Total area
8,280 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1
APN
7200000010
UPID
US90-0859716
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · 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
WAREHOUSE, STORAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
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
1900
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lindsey Cohen Holdings LLC
Entity
Mailing address
2685 S CAMINO REAL, PALM SPRINGS, CA 92264-9481
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
—
Lindsey Cohen Holdings LLC
—
Deed
related
$100,000 · Sound Community Bank
Jan 24, 2025
—
Lindsey Cohen Holdings LLC
—
Deed
related
$1,065,000 · Sound Community Bank
Feb 3, 2022
—
Lindsey Cohen Holdings LLC
—
Deed
related
$900,000 · Sound Community Bank
Jan 30, 2020
—
Lindsey Cohen Holdings LLC
—
Deed
related
$500,000 · Sound Community Bank
Aug 16, 2019
$1,800,000
Lindsey Cohen Holdings LLC
12th & Proctor Investments LLC
Warranty Deed
—
Apr 25, 2007
$1,390,000
12th & Proctor Investments LLC
Finch Proctor Bldg LLC
Warranty Deed
$926,500 · Interbay Funding LLC
Apr 26, 2005
—
Finch Proctor Building LLC
Finch,liane D K
Quit Claim Deed
related
—
—
—
12th & Proctor Investments LLC
—
Deed Of Trust
related
$600,000 · American Marine Bank
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.
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