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Financial
Distress signals
Property profile

4704 S Oakes St Tacoma, WA 98409

FOR LEASE
Strip malls
Property ID
US90-1510015
11,866 SF 1.08 ac lot Built 1988
Last sale Jul 2004 · $1,360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 2,060-square-foot retail/commercial interior space located in Tacoma, Washington. The layout was previously configured as a dental office and includes a waiting room, a reception area, five operatories, two lab rooms, three private rooms, a kitchenette, and two restrooms. The unit provides a front entrance with storefront glass facing a courtyard and also includes a rear/back entrance.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$26k
Tax billed · 2024
Assessed value$2.33M
Assessed land$1.77M
Assessed improvement$561k
Effective rate1.11%

Value estimate

· Oct 2026
$2.07M
$1.86M – $2.28M
CAP approach$2.64M
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$11k
Operating expenses−$11k
NOI · 222,480.00% cap applied$33k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$424/SF
Submarket average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$223 – $702

Cap rate analysis

How does the asset earn?
222,480.00%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
UCX
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.5
Dry Cleaner8.4
Pet Grooming Service8.0

Location

4704 S Oakes St Tacoma, WA 98409
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4020 Steele, Tacoma, WA 98409-7351 $3,500,000 Dec 2025 12,960 SF
4301 Steele, Tacoma, WA 98409-7222 $6,912,500 Feb 2022 8,234 SF
2528 38th, Tacoma, WA 98409-7348 $2,450,000 Aug 2021 9,200 SF
3680 Cedar, Tacoma, WA 98409-5728 $10,822,395 Jul 2021 9,000 SF
2522 38th, Tacoma, WA 98409-7306 $3,000,000 Jun 2021 9,856 SF
7002 Tacoma Mall, Lakewood, WA 98409-6623 $2,250,000 Dec 2020 11,968 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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