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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Strip malls
5601 Portland Ave Tacoma, WA 98404-2549
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1326939
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
WOOD FRAME
Total area
5,573 SF
Lot
0.31 ac (13,645 SF)
Zoning code
C1
APN
5345000071
UPID
US90-1326939
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
-
J Barber Shop Barber Shop
-
Grande Coin Laundry (Bike/Boat/Book/etc) Store
-
J & P Dell Mart Grocery & Convenience Store
-
Helen's Donuts & Ice Cream Bakery Discount Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.53M
Owner & transaction history
Peter Baek · 21 yrs held
Peter Baek
since 2004
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
C1 · Tacoma, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,235,000
7%
$1,150,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,365,000
Current use
RESTAURANT
$2,180,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,060,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.60M (Apr 29 2024)
Last sale anchor
$1.60M
Apr 29 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
$274 / 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
$10,360
Tax year 2024
Assessed value
$931,700
Assessed 2024
Previous assessed
$931,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$368,500
Assessed improvement
$563,200
Land market value
$368,500
Improvement market value
$563,200
Total market value
$931,700
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
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
2004
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
4
Total area
5,573 SF
Lot
0.31 ac (13,645 SF)
Zoning code
C1
APN
5345000071
UPID
US90-1326939
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
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
2004
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Lot
0.31 ac
Current owner
From public records · entity-resolved
Peter Baek
Individual
Free & Clear · 21 yrs held
Mailing address
4912 80TH ST SW, LAKEWOOD, WA 98499-4053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2004
—
Peter Baek
Tax Deferred Exchange Services
Warranty Deed
related
—
Aug 29, 2003
$175,000
Tax Deferred Exchange Services
Sara Group LLC
Grant Deed
$178,353 · Washington State Bank
Apr 24, 2003
$61,188
Sara Group LLC
Abraham,saji
Quit Claim Deed
related
—
Apr 24, 2003
—
Sara Group LLC
Abraham,saji
Quit Claim Deed
related
—
Jul 31, 2002
$110,000
Saji Abraham
Ufo LLC
Grant Deed
$82,500 · Redmond National Bank
—
—
Peter Baek
—
Deed Of Trust
related
$770,000 · Bank Of The West
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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