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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Retail space
5121 Pacific E Hwy, Fife, WA 98424-2669
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1087164
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,000 SF
Lot
0.45 ac (19,575 SF)
Zoning code
REGIONAL C
APN
320014095
UPID
US90-1087164
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
$1.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Kizuki Fife Real Estate LLC · 4 yrs held
Kizuki Fife Real Estate LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
REGIONAL C · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+40.4%
Restaurant
$2.7M
+29.7%
Auto repair, garage
$2.6M
+22.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,970,000
Change: +40% · Conversion: Moderate
RESTAURANT
$2,740,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,585,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,095,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$1,715,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$281 / 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
$5,341
Tax year 2024
Assessed value
$561,600
Assessed 2024
Previous assessed
$561,600
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$561,500
Assessed improvement
$100
Land market value
$561,500
Improvement market value
$100
Total market value
$561,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
7,000 SF
Lot
0.45 ac (19,575 SF)
Zoning code
REGIONAL C
APN
320014095
UPID
US90-1087164
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
RETAIL STORES Current
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.45 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
7 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
$90,000 · Irmgard Wilcox
—
—
Fife Commercial Invs LLC
—
Deed Of Trust
related
$262,500 · Venture Bank
—
—
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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