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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Turn key restaurants
5119 Pacific E Hwy, Fife, WA 98424-2605
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2221092
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,800 SF
Lot
0.93 ac (40,500 SF)
Zoning code
REGIONAL C
APN
320014096
UPID
US90-2221092
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
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Kizuki Fife Real Estate LLC · 4 yrs held
Kizuki Fife Real Estate LLC
since 2021
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
REGIONAL C · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+70.5%
Neighborhood: shopping center
$2.0M
+8.3%
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
$2,555,000
ML approach
$2,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,880,000
Current use
COMMERCIAL (GENERAL)
$3,205,000
Change: +71% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,035,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,775,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10% · vs last sale $2.30M (Jul 14 2021)
Last sale anchor
$2.30M
Jul 14 2021
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
$504 / 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
$11,045
Tax year 2024
Assessed value
$1,161,800
Assessed 2024
Previous assessed
$1,161,800
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,161,700
Assessed improvement
$100
Land market value
$1,161,700
Improvement market value
$100
Total market value
$1,161,800
Applied tax rate
66.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
4,800 SF
Lot
0.93 ac (40,500 SF)
Zoning code
REGIONAL C
APN
320014096
UPID
US90-2221092
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
REGIONAL C · Fife, WA
Zoning REGIONAL C · permitted uses
REGIONAL C · 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
RESTAURANT Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Kizuki Fife Real Estate LLC
Entity
Mailing address
13555 NE BEL RED RD STE #232, BELLEVUE, WA 98005-2324
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Kizuki Fife Real Estate LLC
—
Deed
related
$1,822,500 · Columbia State Bank
Jul 14, 2021
$2,300,000
Kizuki Fife Real Estate LLC
Fife Commercial Investments LLC
Warranty Deed
$7,000,000 · Columbia State Bank
Aug 28, 2018
—
Fife Commercial Investments LLC
—
Deed
related
$600,000 · Timberland Bank
Oct 14, 2004
$1,500,000
Fife Commercial Invs LLC
Jensen,ivan & Darlene
Warranty Deed
$1,100,000 · Ivan & Darlene Jensen
—
—
Fife Commercial Invs LLC
—
Deed Of Trust
related
$100,000 · Venture 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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