Technical
Financial
Distress signals
Property profile

602 State St Tacoma, WA 98403

OFF-MARKET
Retail space
Property ID
US90-3333407
9,520 SF 0.11 ac lot Built 1954
Entity Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,520 SF
Lot 0.11 ac (5,000 SF)
Zoning code NCX
APN 7280000170
UPID US90-3333407

Cap rate & NOI

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

Location

602 State St Tacoma, WA 98403-1037
Tacoma metro Census 60600 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.76M
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$660k

Owner & transaction history

since 2009
7 recorded transactions
2019
Price N/A
2009
$925,000
2009
Price N/A
1999
$410,000
1992
$120,000
1969
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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