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Property profile & analytics
OFF-MARKET
Commercial land
7516 Pioneer Way Gig Harbor, WA 98335-1130
Entity Owned
Free & Clear
Property ID
US90-0043087
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1905
Total area
1,512 SF
Lot
0.28 ac (12,000 SF)
Zoning code
DB
APN
221082049
UPID
US90-0043087
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dionas Enterprises I LLC
Dionas Enterprises I LLC
since 2026
7 recorded transactions
Zoning & alternative use
DB · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Joint use of required parking spaces for the downtown business (DB), waterfront commercial (WC), general business (B-2), commercial (C-1) and residential and business (RB-1) districts abutting Harborview Drive and North Harborview Drive and within the View Basin neighborhood design area. 17.72.070 Repealed. 17.72.075 Special provisions for existing buildings…
Zone name
Downtown Business District
General category
COMMERCIAL
Zone area
30.37 ac
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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,154
Tax year 2024
Assessed value
$371,100
Assessed 2024
Previous assessed
$371,100
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$371,100
Land market value
$371,100
Total market value
$371,100
Applied tax rate
75.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1905
Heating
ELECTRIC
Stories
1
Bathrooms
1
Total area
1,512 SF
Lot
0.28 ac (12,000 SF)
Zoning code
DB
APN
221082049
UPID
US90-0043087
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DB · Gig Harbor, WAZoning DB · permitted uses
DB · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Joint use of required parking spaces for the downtown business (DB), waterfront commercial (WC), general business (B-2), commercial (C-1) and residential and business (RB-1) districts abutting Harborview Drive and North Harborview Drive and within the View Basin neighborhood design area. 17.72.070 Repealed. 17.72.075 Special provisions for existing buildings with existing nonresidential uses in the downtown business (DB), waterfront commercial (WC), waterfront Millville (WM), general business (B-2), commercial (C-1) and residential and business (RB-1) districts abutting Harborview Drive and North Harborview Drive and within the View Basin neighborhood design area. 17.72.080 Joint use of required parking spaces for mixed use developments within the RB-2, B-1, B-2, C-1, DB, PCD-C, PCD-BP, PCD-NB, ED and MUD zoning districts. 17.72.090 Electric vehicle charging station spaces. Your Selections What’s Nearby Title 16 17 18
Zone name
Downtown Business District
General category
COMMERCIAL
Zone area
30.37 ac
Building & site characteristics
From public records
Year built
1905
Heating
ELECTRIC
Stories
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dionas Enterprises I LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3808 FRST BCH DR NW, GIG HARBOR, WA 98335-5848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
$1,020,000
Dionas Enterprises I LLC
Low Impact Ventures LLC
Warranty Deed
—
Dec 22, 2016
$429,719
Low Impact Ventures LLC
Harbor Health LLC
Warranty Deed
$279,500 · Heritage Bank
Aug 31, 2007
$495,000
Harbor Health LLC
Harbor Stone Lands LLC
Warranty Deed
$321,750 · Pierce Commercial Bank
Mar 5, 2004
—
Harbor Stone Lands LLC
—
Trustees Deed
related
$15,000 · Waterfront LLC
Nov 26, 2003
$170,000
Harbor Stone Land LLC
Nilsson,tr
Quit Claim Deed
related
$160,000 · Kitsap Bank
—
—
Rikson Development Corporation
—
Deed Of Trust
related
$100,000 · Columbia State Bank
—
—
Rikson Development Corp
—
Deed Of Trust
related
$65,513 · First Community Bank Washingto
—
—
Harbor Stone Lands LLC
—
Deed Of Trust
related
$97,850 · Nick C Rea
—
—
Rikson Development Corp
—
Deed Of Trust
related
$30,000 · Columbia State 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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