Technical
Financial
Distress signals
Property profile

602 38th St Tacoma, WA 98418

OFF-MARKET
Retail space
Property ID
US90-0748770
17,750 SF 1.17 ac lot Built 1960
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 17,750 SF
Lot 1.17 ac (51,139 SF)
Zoning code NCX
APN 5655000090
UPID US90-0748770

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Grocery & Convenience Store
  • Accounting Firm Tax Preparation

Location

602 38th St Tacoma, WA 98418-6716
Tacoma metro Census 62400 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.29M
Comparable Approach Comparable
$3.87M
Blend (final) Blend
$3.12M

Owner & transaction history

since 2015
5 recorded transactions
2025
Price N/A
2015
$2.1M
2012
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

NCX · Tacoma, WA
Zoning description

NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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