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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Strip malls
5502 Orch W St University Place, WA 98467-3600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0668556
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD FRAME
Total area
6,400 SF
Lot
0.36 ac (15,681 SF)
Zoning code
NC
APN
220231103
UPID
US90-0668556
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
$2.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.85M
Owner & transaction history
Chico Way Shell INC · 2 yrs held
Chico Way Shell INC
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
NC · University Place, 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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$2,850,000
ML approach
$2,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,715,000
Current use
RESTAURANT
$2,505,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $2.85M (Jan 18 2024)
Last sale anchor
$2.85M
Jan 18 2024
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
$445 / 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
$16,298
Tax year 2024
Assessed value
$1,341,900
Assessed 2024
Previous assessed
$1,341,900
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$350,500
Assessed improvement
$991,400
Land market value
$350,500
Improvement market value
$991,400
Total market value
$1,341,900
Applied tax rate
751.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
6,400 SF
Lot
0.36 ac (15,681 SF)
Zoning code
NC
APN
220231103
UPID
US90-0668556
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · University Place, WA
Zoning NC · permitted uses
NC · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1987
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Chico Way Shell INC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$2,850,000
Chico Way Shell INC
Hee Yeol Kang
Warranty Deed
$1,200,000 · Us Bank NA
Dec 19, 2019
—
Kang Living Trust
Hee Y Kang
Quit Claim Deed
related
—
Jun 28, 2019
$2,670,000
Hee Y Kang
Cts Investment Property LLC
Correction Deed
related
—
Jun 28, 2019
—
Hee Yeol Kang
—
Deed
related
$1,320,000 · Gbc International Bank
Jun 26, 2019
$2,670,000
Hee Yeol Kang
Cts Investment Property LLC
Warranty Deed
$1,320,000 · Gbc International Bank
Apr 21, 2017
—
Cts Investment Property LLC
—
Deed
related
$1,075,839 · Washington Trust Bank
Apr 2, 2012
—
Cts Investment Property LLC
Cho,chin & Me
Quit Claim Deed
related
—
Mar 16, 2012
$1,882,000
Chin Cho
Cirque Plaza Ventures LLC
Warranty Deed
$1,300,000 · Washington Trust Bank
Mar 19, 2007
$1,650,000
Cirque Plaza Ventures LLC
Cirque Plaza Associates LLC
Warranty Deed
$1,450,000 · Rainier Pacific Bank
—
—
Hee-yeol Kang
—
Deed Of Trust
related
$1,320,000 · Gbc Int'l Bk
—
—
Cirque Polaza Associates
—
Deed Of Trust
related
$410,000 · Sound Banking Co
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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