Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7912 27th W St University Place, WA 98466-3405

    • Retail space
    • 4,383 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2021
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    8.1%
    Retail space
    Location Intelligence
    Property ID
    US90-1365715
    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

    • Retail space

    Property Details for 7912 27th W St

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    4,383 SF
    Zone code
    MU
    Property type
    Retail space
    APN
    9180200430
    APU
    9180200430

    Description

    This exceptional mixed-use property, known as PCC Plaza, presents a compelling investment opportunity in the thriving University Place, WA market. Located at 7912 27th St W, 98466, this 7,263 square foot building sits on a 21,850 square foot lot and boasts a 7.00% cap rate with a current NOI of $83,232. The property features five units, all currently occupied at 100% occupancy, generating a price per square foot of $165.22. Built in 1953, the single-story building includes 38 parking spaces, a significant asset in this busy commercial district. Recent upgrades include a new TPO membrane roof installed in 2020. The property benefits from its prime location on 27th Street West, between Bridgeport and Grandview, close to Chambers Bay and other University Place attractions. The city's recent installation of new sidewalks enhances the area's walkability and aesthetic appeal. Heating is provided by two commercial gas/electric rooftop package units, supplemented by two mini-split and baseboard/wall-mounted electric heaters. An additional 120 square foot space, currently used for owner storage and including a bathroom, offers potential for future development. The property is zoned for commercial use. Detailed information, including an inspection report and sewer scope, is available upon request. Please do not disturb tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $303k - $870k

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

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.544
    Latitude
    47.2349
    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
    $11,466
    $564,400
    $309,500
    $873,900
    -
    $564,400
    $309,500
    $873,900

    Comparable in this City

    • Value Estimation
      $2,150,000
      10,702 SF

      3556 Market W Pl

      RETAIL STORES (PERSONAL SERVICES) • 10,702 SF
      3556 Market W Pl, University Place, WA 98466-4339
      View Details
    • Value Estimation by Request
      816 SF

      921 Contra Costa Ave

      RETAIL STORES (PERSONAL SERVICES) • 816 SF
      921 Contra Costa Ave, Fircrest, WA 98466
      View Details
    • Value Estimation
      $1,085,000
      6,599 SF

      3904 Bridgeport Way W Ste A

      RETAIL STORES (PERSONAL SERVICES) • 6,599 SF
      3904 Bridgeport Way W Ste A, University Place, WA 98466-4484
      View Details
    • Value Estimation
      $2,965,000
      15,514 SF

      3609 Market W Pl

      RETAIL STORES (PERSONAL SERVICES) • 15,514 SF
      3609 Market W Pl, Tacoma, WA 98466-4476
      View Details
    • Value Estimation by Request
      2,615 SF

      604 Regents Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,615 SF
      604 Regents Blvd, Fircrest, WA 98466-7043
      View Details
    • Value Estimation
      $735,000
      1,920 SF

      7320 40th W St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      7320 40th W St, University Place, WA 98466-4317
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      143,748 SF

      3.3 AC IOS Yard

      3.3 AC IOS Yard for sale or lease.
      6820 27Th Street Ct W, University Place, WA 98466
      View Details
    • $1,295,000
      7,263 SF

      Iconic University Place Cafe Building

      Prime retail property near Chambers Bay with development potential.
      2912 27Th Street Ct W, University Place, WA 98466
      View Details
    • $1,700,000
      5,634 SF

      Turn-Key Restaurant Ready For Sale

      Restaurant with hood, grease trap, kitchen equipment, and bar.
      2122 Mildred St W, University Place, WA 98466
      View Details
    • Contact for pricing
      5,648 SF

      Multi-Tenant Building Near Tacoma Dome

      Multi-tenant building and parking lot near Tacoma Dome for sale.
      409-411 East 26Th Street Ct, Tacoma, WA 98466
      View Details
    • $1,550,000
      6,480 SF

      Fircrest Office Building For Sale

      6,480 SF office building on 0.75 acres available.
      6402 South 19Th St, Fircrest, WA 98466
      View Details
    • $850,000
      4,740 SF

      Mixed-Use Corner Lot Opportunity

      Prime corner lot with mixed-use potential in University Place.
      8008 27Th Street Ct W, University Place, WA 98466
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,750 SF

      Retail Pad Building with Drive-Thru

      Retail pad building with drive-thru, loading door, and parking.
      6901 S 19Th St, Tacoma, WA 98466
      View Details
    • Contact for pricing
      4,790 SF

      Former Restaurant Space Available

      Restaurant/Retail space in mixed-use project anchored by Whole Foods.
      3515 Bridgeport Way West, University Place, WA 98466
      View Details
    • $1,464 /Mo
      780 SF

      Retail Space on Bridgeport Way

      Retail space available in high-traffic University Place location.
      2709 Bridgeport Way W, University Place, WA 98466
      View Details
    • $2,693 /Mo
      2,020 SF

      Retail Space on 19th Street

      Retail space with high visibility and convenient access.
      6704 19Th St, Tacoma, WA 98466
      View Details
    • $2,380 /Mo
      1,360 SF

      Professional Space in College Park

      1,360 SF suite ideal for medical, legal, retail use.
      6314 19Th St W, Fircrest, WA 98466
      View Details
    • $20,125
      143,748 SF

      3.3 AC IOS Yard

      3.3 AC IOS Yard available for sale or lease.
      6820 27Th Street Ct W, University Place, WA 98466
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7912 27th W St
    University Place, WA 98466-3405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!