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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Strip malls
4784 Borgen Blvd Gig Harbor, WA 98332-6764
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-1517859
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD FRAME
Total area
11,714 SF
Lot
3.46 ac (150,718 SF)
Zoning code
PCD-C
APN
4002520030
UPID
US90-1517859
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
-
Pita Pit Take-out & Catering
-
BECU credit union Credit Union
-
MultiCare Indigo Urgent Care Medical Clinic
-
9 essentials nail spa Nail Salon
-
Crumbl - Gig Harbor Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.30M
Owner & transaction history
Harbor Hills Capital LLC · 14 yrs held
Harbor Hills Capital LLC
since 2011
4 recorded transactions
Zoning & alternative use
PCD-C · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ss District (RB-2) 17.31 Downtown Business District (DB) 17.32 Neighborhood Commercial District (B-1) 17.36 General Business District (B-2) 17.40 Commercial District (C-1) 17.41 Planned Community Development Commercial (PCD-C) 17.45 Employment District (ED) 17.46 Waterfront Residential (WR) 17.48 Waterfront Millville (WM) 17.50 Waterfront Commercial (WC) 17.…
Zone name
Planned Community Development Commercial
General category
COMMERCIAL
Zone area
98.33 ac
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%
$1,950,000
6.5%
$1,800,000
7%
$1,675,000
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$111 / 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
$99,594
Tax year 2024
Assessed value
$11,757,100
Assessed 2024
Previous assessed
$11,757,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,459,800
Assessed improvement
$8,297,300
Land market value
$3,459,800
Improvement market value
$8,297,300
Total market value
$11,757,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
11,714 SF
Lot
3.46 ac (150,718 SF)
Zoning code
PCD-C
APN
4002520030
UPID
US90-1517859
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
PCD-C · Gig Harbor, WAZoning PCD-C · permitted uses
PCD-C · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ss District (RB-2) 17.31 Downtown Business District (DB) 17.32 Neighborhood Commercial District (B-1) 17.36 General Business District (B-2) 17.40 Commercial District (C-1) 17.41 Planned Community Development Commercial (PCD-C) 17.45 Employment District (ED) 17.46 Waterfront Residential (WR) 17.48 Waterfront Millville (WM) 17.50 Waterfront Commercial (WC) 17.54 Planned Community Development Business Park District (PCD-BP) 17.56 Repealed 17.58
Zone name
Planned Community Development Commercial
General category
COMMERCIAL
Zone area
98.33 ac
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
Harbor Hills Capital LLC
Entity
Free & Clear · 14 yrs held
Mailing address
5312 PACIFIC HWY E, FIFE, WA 98424-2602
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2018
—
Harbor Hills Capital LLC
—
Grant Deed
related
$12,000,000 · Miscellaneous Ins Co
Sep 7, 2011
—
Harbor Hills Capital LLC
Northwest Capital Invtrs LLC
Quit Claim Deed
related
—
Dec 4, 2006
$7,230,935
Northwest Cap Investors LLC
Harbor Hill LLC
Warranty Deed
$4,517,910 · Harbor Hill LLC
—
—
Harbor Hills Capital LLC
—
Deed Of Trust
related
$12,000,000 · Key Bank NA
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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