Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Grocery and convenience stores
5515 38th Ave Gig Harbor, WA 98335-8236
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1290282
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2000
Construction
WOOD FRAME
Total area
3,150 SF
Lot
2.9 ac (126,324 SF)
Zoning code
RB-1
APN
221177047
UPID
US90-1290282
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
-
Am Pm Grocery & Convenience Store
-
ARCO Gas Station
-
ATM Atm Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Bp West Coast Products LLC · 8 yrs held
Bp West Coast Products LLC
since 2017
7 recorded transactions
Zoning & alternative use
RB-1 · Gig Harbor, 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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
$210 / 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
$20,608
Tax year 2024
Assessed value
$2,431,700
Assessed 2024
Previous assessed
$2,431,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,090,900
Assessed improvement
$1,340,800
Land market value
$1,090,900
Improvement market value
$1,340,800
Total market value
$2,431,700
Applied tax rate
75.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
3,150 SF
Lot
2.9 ac (126,324 SF)
Zoning code
RB-1
APN
221177047
UPID
US90-1290282
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-1 · Gig Harbor, WA
Zoning RB-1 · permitted uses
RB-1 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Bp West Coast Products LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 941709, HOUSTON, TX 77094-8709
Ownership since
2017
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
Dec 13, 2017
$4,250,000
Bp West Coast Products LLC
Shaunak Properties LLC
Grant Deed
—
Jan 27, 2006
$2,000,000
Shaunak Properties LLC
Gig Harbor Gasoline LLC
Warranty Deed
$2,473,000 · Homestreet Bank
Apr 13, 1999
$450,000
Gig Harbor Gasoline LLC
Gardner,tommie W
Grant Deed
$925,000 · Sterling Savings Association
—
—
Shaunak Properties LLC
—
Deed Of Trust
related
$1,500,000 · Sound Cmnty Bk
—
—
Gig Harbor Gas & Food Mart INC
—
Deed Of Trust
related
$500,000 · Private Lender
—
—
Shaunak Properties LLC
—
Deed Of Trust
related
$500,000 · Private Lender
—
—
Harbor Gasoline L Gig
—
Deed Of Trust
related
$850,000 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5515 38th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
