Property profile

5104 N Pearl St Tacoma, WA 98407

FOR LEASE
Retail space
Saved · see the list in your Dashboard
Property ID
US90-0652852
1,920 SF 0.06 ac Built 1917
Last sale Jun 2011·$250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
5104 N Pearl St, Tacoma, WA 98407 For Lease
Contact for pricing 1,960 SF available
5104 N Pearl St, Tacoma, WA 98407
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Property summary

AI-generated overview

An office building in North Tacoma at the intersection of 51st Street and Pearl Street, with approximately 1,960 square feet of interior space. The interior layout includes six semi-private rooms, a private office, a work room, a mechanical room, and a waiting area, along with two restrooms (one restroom includes a shower). Interior finishes include reclaimed wood, and the building is equipped with commercial-grade kitchen appliances, along with lighting and sound systems. The property includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$538k
Assessed land$129k
Assessed improvement$409k
Effective rate1.11%

Value estimate

· Nov 2026
$335k
$302k – $369k
AI approach$335k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$11k
Operating expenses−$11k
NOI · 99,225.00% cap applied$32k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$302/SF
Submarket average, outlier-cleaned · 174 recorded sales of this use type
Observed band · Q1–Q3$153 – $471
Qualifying comparables11

Cap rate analysis

How does the asset earn?
99,225.00%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon12.9
Dental Office12.2
HVAC Service10.7

Location

5104 N Pearl St Tacoma, WA 98407
County assessor Recorded deeds · 9 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3124 26th, Tacoma, WA 98407-6352 $6,000,000 May 2024 2,214 SF
4515 Pearl, Tacoma, WA 98407-2902 $720,000 Dec 2022 2,150 SF
3906 34th, Tacoma, WA 98407-5535 $300,000 Jul 2021 2,400 SF
2602 Pearl, Tacoma, WA 98407-2417 $1,508,200 Aug 2020 2,016 SF
5725 46th, Tacoma, WA 98407 $390,000 Apr 2020 1,650 SF
3808 27th, Tacoma, WA 98407-5813 $300,000 Jan 2019 1,642 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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