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Property profile & analytics
OFF-MARKET
Estimated value
$38,295,000
Outlet malls
4602 Ctr St Tacoma, WA 98409-8636
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0606070
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot
0.7 ac (30,497 SF)
Zoning code
C2
APN
220123051
UPID
US90-0606070
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
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Compact Power Equipment Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Amerigas Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$38.30M
Owner & transaction history
Mdc Coast 22 LLC · 5 yrs held
Mdc Coast 22 LLC
since 2021
Last sale
$38.9M
7 recorded transactions
Zoning & alternative use
C2 · 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
$37,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$38.30M
Range $34.47M – $42.12M · ±10% · vs last sale $38.90M (Jan 12 2021)
Last sale anchor
$38.90M
Jan 12 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
—
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
$5,739
Tax year 2024
Assessed value
$515,700
Assessed 2024
Previous assessed
$515,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$477,100
Assessed improvement
$38,600
Land market value
$477,100
Improvement market value
$38,600
Total market value
$515,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Lot
0.7 ac (30,497 SF)
Zoning code
C2
APN
220123051
UPID
US90-0606070
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Lot
0.7 ac
Current owner
From public records · entity-resolved
Mdc Coast 22 LLC
Entity
Mailing address
PO BOX 105842, ATLANTA, GA 30348-5842
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2021
$83,510
Mdc Coast 22 LLC
Tacoma Home Improvement Dst
Grant Deed
—
Jul 13, 2015
$268,228
Tacoma Home Improvement Dst
Hdtw Tic 13 LLC
Grant Deed
—
Jul 13, 2015
$1,633,435
Tacoma Home Improvement Dst
Hdtw Tic 3 LLC
Grant Deed
—
Jul 13, 2015
$1,155,987
Tacoma Home Improvement Dst
Hdtw Tic 11 LLC
Grant Deed
—
Jul 13, 2015
$1,367,885
Tacoma Home Improvement Dst
Hdtw Tic 2 LLC
Grant Deed
—
Jul 13, 2015
$992,385
Tacoma Home Improvement Dst
Hdtw Tic 14 LLC
Grant Deed
—
Jul 13, 2015
$2,867,206
Tacoma Home Improvement Dst
Hdtw Tic 5 LLC
Grant Deed
—
Jul 13, 2015
$1,630,725
Tacoma Home Improvement Dst
Hdtw Tic 8 LLC
Grant Deed
—
Jul 13, 2015
$9,146,077
Tacoma Home Improvement Dst
Hdtw Tic 7 LLC
Grant Deed
—
Jul 13, 2015
—
Hdtw Tic 1 LLC
Cole Hd Tacoma Wa LLC
Grant Deed
—
Jul 13, 2015
$268,328
Tacoma Home Improvement Dst
Hdtw Tic 12 LLC
Grant Deed
—
Jul 13, 2015
$1,633,155
Tacoma Home Improvement Dst
Hdtw Tic #1 LLC
Special Warranty Deed
—
Jul 13, 2015
$1,628,047
Tacoma Home Improvement Dst
Hdtw Tic 4 LLC
Grant Deed
—
Jul 13, 2015
$4,023,193
Tacoma Home Improvement Dst
Hdtw Tic 6 LLC
Grant Deed
—
Jul 13, 2015
$4,409,437
Tacoma Home Improvement Dst
Hdtw Tic 10 LLC
Grant Deed
—
Jun 23, 2005
$1,560,304
Hdtw Tic 10 LLC
Cole Hd Tacoma Wa LLC
Grant Deed
related
—
Jun 22, 2005
$1,044,241
Hdtw Tic 11 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$1,473,082
Hdtw Tic 9 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$1,470,660
Hdtw Tic 4 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$242,283
Hdtw Tic 12 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$3,983,138
Hdtw Tic 10 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$2,590,009
Hdtw Tic 5 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$1,475,505
Hdtw Tic 3 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$896,448
Hdtw Tic 14 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$8,261,862
Hdtw Tic 7 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$3,634,250
Hdtw Tic 6 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$1,474,900
Hdtw Tic 1 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
May 27, 2005
$1,235,645
Hdtw Tic 2 LLC
Cole Hd Tacoma Wa LLC
Warranty Deed
—
Jan 21, 2005
$26,650,000
Cole Hd Tacoma Wa LLC
Touchstone Center Street LLC
Special Warranty Deed
—
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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