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    Property profile & analytics

    6020 Main SW St Tacoma, WA 98499-6506

    • Strip malls
    • 28,680 SF
    • 2.89 lot acres
    OFF-MARKET
    Value Estimations
    $5,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0321678
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 6020 Main SW St

    Year built
    1956
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.89 lot acres
    Property size
    28,680 SF
    Zone code
    CBD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    4002300090
    APU
    4002300090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,895,000
      6.5%
      $6,365,000
      7%
      $5,910,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.518
    Latitude
    47.1611
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $73,604
    $2,872,600
    $3,558,200
    $6,430,800
    -
    $2,872,600
    $3,558,200
    $6,430,800

    Comparable in this City

    • Value Estimation
      $1,130,000
      11,664 SF

      Borgen Blvd

      SHOPPING CENTER, STRIP CENTER • 11,664 SF
      Borgen Blvd, Lakewood, WA 98499
      View Details
    • Value Estimation
      $630,000
      6,474 SF

      5422 74th W St

      SHOPPING CENTER, STRIP CENTER • 6,474 SF
      5422 74th W St, Lakewood, WA 98499-7900
      View Details
    • Value Estimation
      $1,480,000
      3,968 SF

      5211 100th SW St

      SHOPPING CENTER, STRIP CENTER • 3,968 SF
      5211 100th SW St, Lakewood, WA 98499-3814
      View Details
    • Value Estimation
      $520,000
      3,940 SF

      10822 Pacific SW Hwy

      SHOPPING CENTER, STRIP CENTER • 3,940 SF
      10822 Pacific SW Hwy, Tacoma, WA 98499
      View Details
    • Value Estimation
      $3,685,000
      15,000 SF

      9312 Tacoma Way

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      9312 Tacoma Way, Tacoma, WA 98499-4403
      View Details
    • Value Estimation
      $1,475,000
      15,280 SF

      11430 Bridgeport SW Way

      SHOPPING CENTER, STRIP CENTER • 15,280 SF
      11430 Bridgeport SW Way, Lakewood, WA 98499
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,192 SF

      Lakewood Commercial Center Investment

      Fully leased NNN investment property in Lakewood, Washington.
      12930 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • Contact for pricing

      Lakewood Square Retail Center

      Multi-tenant shopping center anchored by Goodwill with long-term lease.
      6000-6010 Mount Tacoma Dr SW, Lakewood, WA 98499
      View Details
    • $1,097,000

      Fully Occupied Retail Strip Investment

      Three-unit retail strip on Pacific Highway with NNN leases.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $9,650,000

      Lakewood Square Shopping Center For Sale

      Multi-tenant shopping center anchored by Goodwill in high-traffic area.
      6000 Mount Tacoma Dr SW, Lakewood, WA 98499
      View Details
    • $1,025,000

      Lakewood Retail Strip Mall ForSale

      Fully occupied retail strip mall with long-term tenants.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $395,000
      0.19 Acres

      Bridgeport Way Corner Lot

      Prime Tacoma QSR Land, High Visibility
      9120 Bridgeport Way, Tacoma, WA 98499
      View Details

    Similar Nearby for Lease

    • $2,501 /Mo
      1,364 SF

      Retail Space in Lakewood Center

      Retail space available in a busy Lakewood strip mall.
      10518 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $17 SF/Yr

      Former Bank Building with Mezzanine

      Former bank building featuring high ceilings and drive-through lanes.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $4,267 /Mo
      3,200 SF

      Lakewood Commercial Suite For Rent

      Versatile 3,200 SF commercial suite suitable for various businesses.
      8024 Tacoma Way, Lakewood, WA 98499
      View Details
    • Contact for pricing
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • Contact for pricing
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
    • $5,630 /Mo
      3,378 SF

      Historic Lakewood Building For Rent

      Iconic property on a busy intersection in Lakewood, Washington.
      6122 Motor Ave NW, Lakewood, WA 98499
      View Details
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    6020 Main SW St
    Tacoma, WA 98499-6506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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