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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Retail space
5th Pacific Ave Tacoma, WA 98418
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-3340441
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
STEEL FRAME
Total area
7,893 SF
Lot
0.27 ac (11,804 SF)
Zoning code
C1
APN
2415000420
UPID
US90-3340441
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
$1.46M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.83M
Owner & transaction history
4001 Pacific Avenue LLC · 8 yrs held
4001 Pacific Avenue LLC
since 2017
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+22.3%
Commercial (general)
$2.4M
+2.1%
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%
$1,585,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,385,000
Current use
AUTO REPAIR, GARAGE
$2,915,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,435,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,365,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,930,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10%
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
$231 / 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
$16,660
Tax year 2024
Assessed value
$1,498,900
Assessed 2024
Previous assessed
$1,498,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$267,100
Assessed improvement
$1,231,800
Land market value
$267,100
Improvement market value
$1,231,800
Total market value
$1,498,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
7,893 SF
Lot
0.27 ac (11,804 SF)
Zoning code
C1
APN
2415000420
UPID
US90-3340441
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
RETAIL STORES Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
2019
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
4001 Pacific Avenue LLC
Entity
Mailing address
6859 S EASTERN AVE STE #101, LAS VEGAS, NV 89119-0003
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
$856,000
4001 Pacific Avenue LLC
Mdlps LLC
Warranty Deed
—
Dec 20, 2017
—
Mdlps LLC
R & J Johnston LLC
Grant Deed
related
—
Nov 21, 2006
$466,000
Mdlps LLC
R & J Johnston LLC
Warranty Deed
$336,000 · R&j Johnston LLC
Nov 7, 2000
—
R & J Johnston LLC
Johnston,katherine J
Quit Claim Deed
related
—
—
—
Mdlps LLC
—
Deed Of Trust
related
$130,000 · Us Bank NA
—
—
Mdlps LLC
—
Deed Of Trust
related
$250,000 · Mdi Psp & Trust
—
—
Mdlps LLC
—
Loan Modification
related
$387,000 · Us Bk
—
—
Mdlps LLC
—
Deed Of Trust
related
$235,000 · Us Bk
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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