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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
587 6th Ave, Fox Island, WA 98333-9740
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0381125
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1966
Construction
WOOD FRAME
Total area
3,220 SF
Lot
1.29 ac (56,410 SF)
Zoning code
RNC
APN
5875000225
UPID
US90-0381125
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zogs LLC · 6 yrs held
Zogs LLC
since 2019
7 recorded transactions
Zoning & alternative use
RNC · Fox Island, 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 Fox Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fox Island 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
$10,336
Tax year 2024
Assessed value
$992,400
Assessed 2024
Previous assessed
$992,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$286,000
Assessed improvement
$706,400
Land market value
$286,000
Improvement market value
$706,400
Total market value
$992,400
Applied tax rate
472.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1966
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
3,220 SF
Lot
1.29 ac (56,410 SF)
Zoning code
RNC
APN
5875000225
UPID
US90-0381125
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RNC · Fox Island, WA
Zoning RNC · permitted uses
RNC · Fox Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fox Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Lot
1.29 ac
Current owner
From public records · entity-resolved
Zogs LLC
Entity
Mailing address
587 6TH AVE, FOX ISLAND, WA 98333-9740
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2019
$2,000,000
Zogs LLC
587-6th Avenue LLC
Warranty Deed
$1,900,000 · 587-6th Avenue LLC
Feb 16, 2017
—
587-6th Avenue LLC
Herzog Living Trust
Warranty Deed
—
Aug 4, 2006
—
Herzog Credit Shelter Trust
Herzog Living Trust
Quit Claim Deed
related
—
—
—
Dwane Herzog
—
Deed Of Trust
related
$40,044 · Key Bank NA
—
—
Herzog Trust
—
Deed Of Trust
related
$380,000 · Harborstone Cu
—
—
Herzog Trust
—
Deed Of Trust
related
$245,000 · Harborstone Cu
—
—
Herzog Living Trust
—
Deed Of Trust
related
$325,000 · First Citizens Bk
—
—
Herzog Trust
—
Deed Of Trust
related
$110,000 · Harborstone Cu
—
—
Dwane Herzog
—
Deed Of Trust
related
$150,000 · Flett Dairy INC
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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