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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Motels
7031 Pacific Ave Tacoma, WA 98408-7220
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3364909
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1953
Construction
WOOD FRAME
Total area
2,220 SF
Lot
0.49 ac (21,375 SF)
Zoning code
CCX
APN
6615001210
UPID
US90-3364909
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
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$710k
Owner & transaction history
Love Where You Live Tacoma LLC · 5 yrs held
Love Where You Live Tacoma LLC
since 2020
Last sale
$727,200
7 recorded transactions
Zoning & alternative use
CCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many nearby areas and attract people from throughout the City. This district is envisioned as a traditional suburban development that evolves into a denser urban district. Common uses include shopping centers with a wide variet…
Zone name
Community Commercial Mixed Use
General category
MIXED_USE
Zone area
500.83 ac
Source
Ordinance Table
Top alternative use upside
Neighborhood: shopping center
$940,000
+31.2%
Auto repair, garage
$820,000
+14.3%
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
$710,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$685,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$670,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$665,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $727k (Aug 31 2020)
Last sale anchor
$727k
Aug 31 2020
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
$320 / 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
$7,521
Tax year 2024
Assessed value
$676,100
Assessed 2024
Previous assessed
$676,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$558,400
Assessed improvement
$117,700
Land market value
$558,400
Improvement market value
$117,700
Total market value
$676,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1953
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
9
Bathrooms
1
Total area
2,220 SF
Lot
0.49 ac (21,375 SF)
Zoning code
CCX
APN
6615001210
UPID
US90-3364909
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CCX · Tacoma, WAZoning CCX · permitted uses
CCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many nearby areas and attract people from throughout the City. This district is envisioned as a traditional suburban development that evolves into a denser urban district. Common uses include shopping centers with a wide variety of commercial establishments, commercial recreation, gas stations, and business, personal, and financial services. The standard building height in this district is 60 feet; additional height can be achieved through the bonus program.
Zone name
Community Commercial Mixed Use
General category
MIXED_USE
Zone area
500.83 ac
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RETAIL STORES
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$665,000
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1953
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
9
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Love Where You Live Tacoma LLC
Entity
Mailing address
601 N YAKIMA AVE, TACOMA, WA 98403-2417
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
Love Where You Live Tacoma LLC
—
Deed
related
$510,000 · Us Bank NA
Aug 31, 2020
$727,200
Love Where You Live Tacoma LLC
Fidelis Equity
Warranty Deed
$509,000 · Fidelis Equity & R/e Fund A Ll
Feb 26, 2020
$569,150
Fidelis Equity & R & E Fund A Ll
Walker Law Offices
Grant Deed
related
—
Oct 22, 2019
—
Thmc INC
Thmc INC
Quit Claim Deed
related
—
Mar 13, 2019
—
Thmc LLC
Jordan,melvin +
Quit Claim Deed
related
—
Dec 31, 2018
$530,000
Trynn Hunter
Leonard Hunter
Quit Claim Deed
$569,150 · Fidelis Equity & R/e Fund A Ll
—
—
John H Maynard
—
Deed Of Trust
related
$400,000 · First Savings Bank
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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