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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
718 Pacific Ave Tacoma, WA 98402-5208
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1515317
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,779 SF
Lot
0.06 ac (2,500 SF)
Zoning code
DCC
APN
2007040050
UPID
US90-1515317
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
Current use
Occupant on record · Public records
-
Tarot Card Reading By Elizabeth Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$580k
Owner & transaction history
Mr Rogers Neighborhood LLC · 3 yrs held
Mr Rogers Neighborhood LLC
since 2022
Last sale
$50,000
7 recorded transactions
Zoning & alternative use
DCC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $50k (Oct 17 2022)
Last sale anchor
$50k
Oct 17 2022
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
$121 / 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
$6,566
Tax year 2024
Assessed value
$590,100
Assessed 2024
Previous assessed
$590,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$285,300
Assessed improvement
$304,800
Land market value
$285,300
Improvement market value
$304,800
Total market value
$590,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,779 SF
Lot
0.06 ac (2,500 SF)
Zoning code
DCC
APN
2007040050
UPID
US90-1515317
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DCC · Tacoma, WA
Zoning DCC · permitted uses
DCC · 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.
Building & site characteristics
From public records
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Mr Rogers Neighborhood LLC
Entity
Mailing address
1317 21ST ST SW, PUYALLUP, WA 98371-6631
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Mr Rogers Neighborhood LLC
—
Deed
related
$146,576 · Commencement Bank
Oct 17, 2022
—
Mr Rogers Neighborhood LLC
Michael J Rogers
Intrafamily Transfer
related
—
Aug 22, 2022
—
Michael J Rogers
Michael J Rogers
Intrafamily Transfer
related
—
Nov 20, 2019
—
Michael J Rogers
—
Deed
related
$53,600 · Commencement Bk
Jan 29, 1988
$50,000
Michael J Rogers
Unknown
Grant Deed
$41,500 · Individual
—
—
Michael J Rogers
—
Deed Of Trust
related
$65,000 · Commencement Bk
—
—
Rogers,michael J
—
Loan Modification
related
$184,532 · Commencement Bk
—
—
Michael J Rogers
—
Loan Modification
related
$53,600 · Commencement Bk
—
—
Michael J Rogers
—
Deed Of Trust
related
$25,000 · Commencement Bk
—
—
Michael J Rogers
—
Deed Of Trust
related
$245,000 · Commencement 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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