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Property profile & analytics
OFF-MARKET
Bars & Pubs
5406 Tacoma Way Tacoma, WA 98409-4327
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1118938
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1927
Construction
WOOD FRAME
Total area
2,500 SF
Lot
0.19 ac (8,250 SF)
Zoning code
NCX
APN
4695000261
UPID
US90-1118938
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
-
Arched By Tiaira Spa & Massage Center Skin Care Clinic
-
Airport Bar & Grill Bar & Pub Restaurant
-
Jon the Builder LLC Construction Company General Contractor
-
Airport Tavern Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Over The Bar LLC · 1 yrs held
Over The Bar LLC
since 2025
1 recorded transaction
Zoning & alternative use
NCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended to enhance, preserve, and stabilize the neighborhood’s unique character. Retail frontages are generally uninterrupted by driveways and park…
Zone name
Neighborhood Commercial Mixed Use
General category
MIXED_USE
Zone area
242.73 ac
Source
Ordinance Table
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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,836
Tax year 2024
Assessed value
$974,600
Assessed 2024
Previous assessed
$974,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$388,900
Assessed improvement
$585,700
Land market value
$388,900
Improvement market value
$585,700
Total market value
$974,600
Applied tax rate
5.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1927
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
2,500 SF
Lot
0.19 ac (8,250 SF)
Zoning code
NCX
APN
4695000261
UPID
US90-1118938
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NCX · Tacoma, WAZoning NCX · permitted uses
NCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended to enhance, preserve, and stabilize the neighborhood’s unique character. Retail frontages are generally uninterrupted by driveways and parking facilities and pedestrian access and street amenities are encouraged. The standard building heigh t in this district is 45 feet; additional height can be achieved through the bonus program.
Zone name
Neighborhood Commercial Mixed Use
General category
MIXED_USE
Zone area
242.73 ac
Source
Ordinance Table
Building & site characteristics
From public records
Year built
1927
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Over The Bar LLC
Entity
Mailing address
844 S STATE ST, TACOMA, WA 98405-3040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Over The Bar LLC
—
Deed
related
$825,000 · Conley Partners LLC
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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