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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Grocery and convenience stores
5006 Pt Fosdick Dr Gig Harbor, WA 98335-1715
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1086879
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1997
Construction
WOOD FRAME
Total area
3,814 SF
Lot
0.67 ac (28,984 SF)
Zoning code
B-2
APN
221173066
UPID
US90-1086879
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
-
Shell Restaurant
-
Cutters Point Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$665k
Owner & transaction history
City Of Gig Harbor · 9 yrs held
City Of Gig Harbor
since 2017
7 recorded transactions
Zoning & alternative use
B-2 · Gig Harbor, 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 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$18,458
Tax year 2024
Assessed value
$2,177,900
Assessed 2024
Previous assessed
$2,177,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,135,100
Assessed improvement
$1,042,800
Land market value
$1,135,100
Improvement market value
$1,042,800
Total market value
$2,177,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Total area
3,814 SF
Lot
0.67 ac (28,984 SF)
Zoning code
B-2
APN
221173066
UPID
US90-1086879
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.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
City Of Gig Harbor
Entity
Mailing address
5006 PT FOSDICK DR, GIG HARBOR, WA 98335-1715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Sall Enterprises INC
—
Deed
related
$300,000 · Sun Pacific Energy INC
Dec 1, 2020
—
Sall Enterprises INC
—
Deed
related
$2,968,000 · Pacific City Bank
Nov 3, 2020
—
Sall Enterprises INC
—
Deed
related
$2,968,000 · Pacific City Bank
Apr 27, 2018
—
Sall Enterprises INC
—
Deed
related
$2,940,000 · Pacific City Bank
Jan 23, 2017
—
City Of Gig Harbor
Tae,mi C
Grant Deed
related
$2,400,000 · Northwest Bk
Jan 20, 2017
$3,099,719
Sall Enterprises INC
Mi Cha Tae
Warranty Deed
$2,400,000 · Northwest Bank
Jan 20, 2017
$65,000
City Of Gig Harbor
Tae,mi C
Warranty Deed
—
Jun 6, 2005
$2,150,000
Mi C Tae
Snc Investments LLC
Warranty Deed
$2,000,000 · Wilshire State Bank
Dec 12, 2002
$1,314,641
Snc Investments LLC
Market Express/harbor LLC
Grant Deed
$2,308,000 · Citicorp Leasing INC
Jun 10, 1996
$550,000
Market Express/harbor LLC
First Interstate Bank Of Wa
Grant Deed
$930,000 · Chevron USA INC
Jul 23, 1990
$580,000
University Savings Bank
Unknown
Grant Deed
related
—
—
—
Sall Ents INC
—
Deed Of Trust
related
$2,400,000 · Northwest Bk
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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