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Property profile & analytics
FOR LEASE
Strip malls
4704 S Oakes St, Tacoma, WA 98409
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1510015
For Lease
1 / 3
$15 SF/Yr
4704 S Oakes St, Tacoma, WA 98409
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Property summary
AI-generated overview
This exceptional 11,866 square foot single-story retail and medical office building, situated on 1.08 acres at 4704 S Oakes St, Tacoma, WA 98409, presents a unique investment opportunity. Built in 1988, the property boasts six suites, with 2,060 square feet currently vacant. The vacant space, previously a dental office, offers significant potential for redevelopment and customization to suit a variety of retail uses. The building is zoned UCX and benefits from ample parking with 40 spaces available for tenants and customers. Its location in the desirable Tacoma Mall District, directly across from the Tacoma Mall, ensures high visibility and accessibility, attracting a substantial customer base. The property's single-story design and convenient layout enhance functionality and accessibility. This is an ideal opportunity for businesses seeking a well-established location with high foot traffic and strong potential for growth. The property's APN is 032018-4-019. Don't miss this chance to secure a prime retail space in a thriving Tacoma location. The available space is 2,060 square feet.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,866 SF
Lot
1.08 ac (47,045 SF)
Zoning code
UCX
APN
320184019
UPID
US90-1510015
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Tacoma Shawarma Restaurant
-
Sean's Anime & Other Things Department Store
-
Circle K Grocery & Convenience Store
-
Dr. Yuriy Bagdasarov Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Chi Bros LLC · 21 yrs held
Chi Bros LLC
since 2004
2 recorded transactions
Zoning & alternative use
UCX · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,855,000
6.5%
$2,635,000
7%
$2,445,000
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±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
$174 / 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
$25,874
Tax year 2024
Assessed value
$2,328,500
Assessed 2024
Previous assessed
$2,328,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,767,600
Assessed improvement
$560,900
Land market value
$1,767,600
Improvement market value
$560,900
Total market value
$2,328,500
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Buildings
2
Stories
1
Units
10
Total area
11,866 SF
Lot
1.08 ac (47,045 SF)
Zoning code
UCX
APN
320184019
UPID
US90-1510015
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UCX · Tacoma, WA
Zoning UCX · permitted uses
UCX · 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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
10
Lot
1.08 ac
Current owner
From public records · entity-resolved
Chi Bros LLC
Entity
Mailing address
13730 39TH AVE NE, SEATTLE, WA 98125-3810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2004
$1,360,000
Chi Bros LLC
Pentalon Corp
Warranty Deed
$900,000 · Washington First Int'l Bank
May 18, 1988
$575,000
Pentalon Corporation
Unknown
Grant 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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