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Property profile & analytics
FOR LEASE
Strip malls
4020 S Steele St Tacoma, WA 98409
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1424417
For Lease
Contact for pricing
4020 S Steele St, Tacoma, WA 98409
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,960 SF
Lot
0.75 ac (32,805 SF)
Zoning code
UCX
APN
4647000064
UPID
US90-1424417
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
-
Farmers Insurance - Rosa Lucas Insurance Agency
-
Clover Daydreams: a safe and inclusive book space (Bike/Boat/Book/etc) Store
-
Botanicaz Garden Center Landscaping
-
Credit Saint by Liberty Tax Financial Advisor
-
Black Sheep Resale Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.49M
Owner & transaction history
Ubuntu Realty LLC
Ubuntu Realty LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
UCX · Tacoma, WA
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%
$3,115,000
6.5%
$2,875,000
7%
$2,670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,495,000
Current use
AUTO REPAIR, GARAGE
$5,080,000
Change: -8% · Conversion: Difficult
RESTAURANT
$5,075,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.49M
Range $3.14M – $3.83M · ±10% · vs last sale $3.50M (Dec 10 2025)
Last sale anchor
$3.50M
Dec 10 2025
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
$269 / 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
$24,482
Tax year 2024
Assessed value
$2,203,200
Assessed 2024
Previous assessed
$2,203,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,055,600
Assessed improvement
$1,147,600
Land market value
$1,055,600
Improvement market value
$1,147,600
Total market value
$2,203,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
7
Total area
12,960 SF
Lot
0.75 ac (32,805 SF)
Zoning code
UCX
APN
4647000064
UPID
US90-1424417
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
7
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ubuntu Realty LLC
Entity
Mailing address
2015 TERRY AVE APT #309, SEATTLE, WA 98121-2745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
$3,500,000
Ubuntu Realty LLC
Yuen Lui Square LLC
Warranty Deed
$2,625,000 · Seattle Metropolitan Cu
Dec 28, 2007
—
Yuen Lui Square LLC
Lui,wah & May
Quit Claim Deed
—
Jun 11, 1990
$1,425,000
Wah Lui
Unknown
Grant Deed
—
—
—
Carl D Lockhart
—
Deed Of Trust
related
$14,950 · Norwest Ind Loan
—
—
Bruce A Denton
—
Deed Of Trust
related
$17,631 · Norwest Ind Loan
—
—
Charles J Hilton
—
Deed Of Trust
related
$50,215 · Norwest Financial America INC
—
—
Henry Knaack
—
Deed Of Trust
related
$37,144 · Norwest Ind Loan
—
—
Karla T Crocker
—
Deed Of Trust
related
$33,591 · Norwest Financial America INC
—
—
William E Clark
—
Deed Of Trust
related
$91,903 · Norwest Financial America INC
—
—
Bruce A Denton
—
Deed Of Trust
related
$16,526 · Norwest Ind Loan
—
—
W A Croft
—
Deed Of Trust
related
$20,901 · Norwest Ind Loan
—
—
Donn P Jackson
—
Deed Of Trust
related
$50,810 · Norwest Ind Loan
—
—
Jack A Gilmore
—
Deed Of Trust
related
$14,106 · Norwest Ind Loan
—
—
William Vogel
—
Deed Of Trust
related
$30,980 · Norwest Financial America INC
—
—
James E Zielinski
—
Deed Of Trust
related
$15,685 · Nw Fin Ind Loan
—
—
George Rutledge
—
Deed Of Trust
related
$41,980 · Norwest Ind Loan
—
—
Wah Lui
—
Deed Of Trust
related
$1,100,000 · Continental Savings 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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