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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
759 Market St Tacoma, WA 98402-3711
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0053087
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,640 SF
Lot
0.04 ac (1,775 SF)
Zoning code
DCC
APN
2008070047
UPID
US90-0053087
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
-
Sky Creative Advertising Agency Marketing & Advertising
-
Sky Movement Music Venue Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$444k
Blend (final)
Blend
$590k
Owner & transaction history
Kingville LLC · 4 yrs held
Kingville LLC
since 2022
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
DCC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+10.7%
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
$750,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
AUTO REPAIR, GARAGE
$975,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $575k (Jun 10 2022)
Last sale anchor
$575k
Jun 10 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
$223 / 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
$5,308
Tax year 2024
Assessed value
$476,900
Assessed 2024
Previous assessed
$476,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$170,500
Assessed improvement
$306,400
Land market value
$170,500
Improvement market value
$306,400
Total market value
$476,900
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
Total area
2,640 SF
Lot
0.04 ac (1,775 SF)
Zoning code
DCC
APN
2008070047
UPID
US90-0053087
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Kingville LLC
Entity
Mailing address
PO BOX 2053, TACOMA, WA 98401-2053
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$575,000
Kingville LLC
Fidelis Properties LLC
Warranty Deed
—
Dec 20, 2019
$355,000
Fidelis Properties LLC
Rickshaw Properties LLC
Warranty Deed
$305,000 · Rickshaw Properties LLC
Jan 23, 2018
$298,719
Rickshaw Properties LLC
City Of Destiny LLC
Warranty Deed
$280,000 · Arizona Instant Funding LLC
Jun 30, 2005
$150,000
City Of Destiny LLC
Probst,kurtis M
Warranty Deed
$123,518 · Fife Commercial Bank
—
—
City Of Destiny LLC
—
Deed Of Trust
related
$135,211 · Fife Commercial Bank
—
—
City Of Destiny LLC
—
Deed Of Trust
related
$285,000 · Pinnacle Specialty Capital LLC
—
—
Kurt M Probst
—
Deed Of Trust
related
$100,000 · Viking Bank
—
—
Kurtis M Probst
—
Deed Of Trust
related
$250,000 · Viking 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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