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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Retail space
4315 6th Ave Tacoma, WA 98406-4014
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-3118627
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,378 SF
Lot
1.84 ac (79,933 SF)
Zoning code
C1
APN
3900000450
UPID
US90-3118627
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
-
Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.37M
Owner & transaction history
Ll Holdings Ohio LLC · 10 yrs held
Ll Holdings Ohio LLC
since 2015
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+29.7%
Auto repair, garage
$4.9M
+22.3%
Commercial (general)
$4.1M
+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%
$2,685,000
6.5%
$2,475,000
7%
$2,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,040,000
Current use
RESTAURANT
$5,240,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,940,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,125,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,010,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$3,275,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±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
$252 / 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
$56,170
Tax year 2024
Assessed value
$5,056,200
Assessed 2024
Previous assessed
$5,056,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,228,000
Assessed improvement
$1,828,200
Land market value
$3,228,000
Improvement market value
$1,828,200
Total market value
$5,056,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
13,378 SF
Lot
1.84 ac (79,933 SF)
Zoning code
C1
APN
3900000450
UPID
US90-3118627
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
$4.0M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Ll Holdings Ohio LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Ll Holdings Ohio LLC
—
Deed
related
$23,145,000 · Bank Of America NA
May 15, 2020
—
Ll Holdings Ohio LLC
—
Deed
related
$1,730,000 · Union Bk&tr
Dec 30, 2015
$4,771,773
Ll Holdings Ohio LLC
Tsc Loewenthal LLC
Grant Deed
$3,340,241 · Seven Seventeen Cu
May 6, 2003
$383,922
I & L LLC
Tarver,billy & Marlene
—
$264,000 · Billy & Marlene Tarver
Aug 30, 1999
—
Tsc Tacoma LLC
Loewenthal Trust
Grant Deed
related
—
Dec 9, 1996
$988,186
Cosmo Place Venture
Shorenstein Co
Trustees Deed
—
Dec 9, 1996
$1,175,386
Modesto Mchenry Joint Venture
Shorenstein Co
Trustees Deed
—
Dec 9, 1996
$457,428
Levitas Investment Co
Shorenstein Co
Trustees Deed
—
Dec 9, 1996
$407,851
Epstein,harry L
Shorenstein Co
Trustees Deed
—
Jan 22, 1996
$3,615,000
Shorenstein Co
Evergreen-stevens LP
Grant Deed
—
Dec 5, 1994
$845,000
Evergreen-stevens LP
Carrington Co
Grant Deed
—
—
—
Ll Holdings Ohio LLC
—
Deed Of Trust
related
$1,730,000 · Union Bk&tr
—
—
Ll Holdings Ohio LLC
—
Loan Modification
related
$3,340,241 · Seven Seventeen Cu
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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