Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Retail space
4709 Pt Fosdick Dr Gig Harbor, WA 98335
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1129061
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,140 SF
Lot
23.38 ac (1,018,433 SF)
Zoning code
B-2
APN
4002600010
UPID
US90-1129061
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
-
Point Fosdick Square Shopping Center & Mall
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.64M
Owner & transaction history
Gateway Capital LLC · 14 yrs held
Gateway Capital LLC
since 2012
7 recorded transactions
Zoning & alternative use
B-2 · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+50.5%
Neighborhood: shopping center
$3.9M
+39.2%
Industrial (general)
$3.9M
+37.9%
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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,800,000
Current use
RESTAURANT
$4,210,000
Change: +50% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,895,000
Change: +39% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,860,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,360,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,950,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$2,725,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$2,510,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±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
$288 / 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
$423,804
Tax year 2024
Assessed value
$50,034,600
Assessed 2024
Previous assessed
$50,034,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$20,319,400
Assessed improvement
$29,715,200
Land market value
$20,319,400
Improvement market value
$29,715,200
Total market value
$50,034,600
Applied tax rate
75.0000
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
18
Stories
1
Total area
9,140 SF
Lot
23.38 ac (1,018,433 SF)
Zoning code
B-2
APN
4002600010
UPID
US90-1129061
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Gig Harbor, WA
Zoning B-2 · permitted uses
B-2 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
18
Lot
23.38 ac
Current owner
From public records · entity-resolved
Gateway Capital LLC
Entity
Free & Clear · 14 yrs held
Mailing address
5312 PACIFIC HWY E, FIFE, WA 98424-2602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Dec 30, 2024
—
Gateway Capital LLC
—
Deed
related
$38,500,000 · Metlife Real Estate Lending LLC
Nov 13, 2018
—
Gateway Cap
—
Deed
related
$38,250,000 · Gim Com'l Mtg Ln Fund LP
Aug 29, 2016
—
Pan Washington LLC
—
Deed
related
$595,000,000 · Bank Of America
Jun 8, 2016
—
Pan Washington LLC
—
Deed
related
—
Jun 29, 2012
—
Gateway Capital LLC
Gateway Capital Realty LP
Quit Claim Deed
related
—
Mar 16, 2007
—
Gateway Capital LLC
—
Deed Of Trust
related
$39,800,000 · Key Bank NA
—
—
Gateway Cap
—
Loan Modification
related
$39,250,000 · Bank Of America
—
—
Gateway Capital LLC
—
Deed Of Trust
related
$2,835,324 · Nwr Realty LP
—
—
Gateway Cap
—
Deed Of Trust
related
$38,250,000 · Gim Com'l Mtg Ln Fund LP
—
—
Pan Washington LLC
—
Deed Of Trust
related
$36,547,000 · Bank Of America
—
—
Gateway Capital LLC
—
Deed Of Trust
related
$37,250,000 · Bank Of America
—
—
Pan Washington LLC
—
Loan Modification
related
$595,000,000 · Bank Of America
—
—
Pan Washington LLC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4709 Pt Fosdick Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
