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Property profile & analytics
OFF-MARKET
Estimated value
$7,725,000
Outlet malls
4816 Pt Fosdick Dr, Fife, WA 98424
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-2475365
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,655 SF
Lot
5.42 ac (236,095 SF)
Zoning code
B-2
APN
221177035
UPID
US90-2475365
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$7.73M
Owner & transaction history
Harbor Pacific Properties LLC · 20 yrs held
Harbor Pacific Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
B-2 · Fife, 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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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%
$7,550,000
6.5%
$6,970,000
7%
$6,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,370,000
Current use
WAREHOUSE, STORAGE
$11,280,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,910,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$9,215,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.73M
Range $6.95M – $8.50M · ±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
$205 / 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
$126,771
Tax year 2024
Assessed value
$14,965,800
Assessed 2024
Previous assessed
$14,965,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$5,119,800
Assessed improvement
$9,846,000
Land market value
$5,119,800
Improvement market value
$9,846,000
Total market value
$14,965,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Units
1
Total area
37,655 SF
Lot
5.42 ac (236,095 SF)
Zoning code
B-2
APN
221177035
UPID
US90-2475365
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Fife, WA
Zoning B-2 · permitted uses
B-2 · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.4M
WAREHOUSE, STORAGE
Est. value
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$9.2M
RETAIL STORES Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
5.42 ac
Current owner
From public records · entity-resolved
Harbor Pacific Properties LLC
Entity
Mailing address
5312 PACIFIC HWY E, FIFE, WA 98424-2602
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
—
Harbor Pacific Properties LLC
—
Deed
related
—
Dec 31, 2013
—
Fadco LLC
—
Loan Modification, Consolidation And Extension
related
$20,610,000 · Comerica Bk
Feb 16, 2011
—
Fadco LLC
—
Deed Of Trust
related
$8,250,000 · Comerica Bank
Apr 27, 2006
—
Harbor Pacific Properties LLC
Hogan,charles R
Quit Claim Deed
related
$12,000,000 · Key Bank NA
May 27, 1997
—
Charles R Hogan
Crh Investments
Quit Claim Deed
related
—
Jan 2, 1997
—
Crh Investments
—
Deed Of Trust
related
$9,000,000 · Reliastar Bankers Sec Life Ins
—
—
Harbor Pacific Properties LLC
—
Deed Of Trust
related
$15,150,000 · Miscellaneous Ins Co
—
—
Fadco LLC
—
Deed Of Trust
related
$8,250,000 · Comerica Bank
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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