Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
4002 Mckinley Ave Tacoma, WA 98404-2942
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0396808
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,834 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C1
APN
7470010520
UPID
US90-0396808
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$580k
Owner & transaction history
Automotive Industrial Paint Supply · 4 yrs held
Automotive Industrial Paint Supply
since 2022
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$875,000
+2.1%
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%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$855,000
Current use
COMMERCIAL (GENERAL)
$875,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$850,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$695,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $625k (Oct 18 2021)
Last sale anchor
$625k
Oct 18 2021
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
$205 / 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
$4,541
Tax year 2024
Assessed value
$407,800
Assessed 2024
Previous assessed
$407,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$210,800
Assessed improvement
$197,000
Land market value
$210,800
Improvement market value
$197,000
Total market value
$407,800
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
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
2
Stories
1
Units
1
Total area
2,834 SF
Lot
0.23 ac (10,000 SF)
Zoning code
C1
APN
7470010520
UPID
US90-0396808
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
RETAIL STORES Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$875,000
WAREHOUSE, STORAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$695,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Automotive Industrial Paint Supply
Individual
Mailing address
4040 AUBURN WAY N STE #2, AUBURN, WA 98002-1394
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 10, 2022
—
Automotive Industrial Paint Supply
Aips Holding Company LLC
Lease
$256,000 · Northwest Business Development Associati
Oct 18, 2021
$625,000
Aips Holding Company LLC
Ajay K Vatsa
Warranty Deed
$312,500 · Enterprise Bank & Trust
Dec 12, 2017
—
Vatsa,subhash Living Trust
Vatsa,subhash
Quit Claim Deed
related
—
Oct 31, 2013
$120,000
Subhash Vatsa
Us Bk National Assn
Quit Claim Deed
related
—
May 29, 2012
$144,524
Us Bk National Assn
Fidelity Natl Title Ins Co C
Trustees Deed
related
—
Sep 14, 2005
—
El Compadre LLC
Miguel M Torres
Quit Claim Deed
related
$272,000 · Us Bank NA
Jun 2, 2004
$400,000
Miguel M Torres
Carrillo,ernesto & Marina
Warranty Deed
$300,000 · Ernesto & Marina Carrillo
—
—
Ernesto Marina
—
Deed Of Trust
related
$10,319 · Puget Sound National 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.
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?”
You own 4002 Mckinley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
