7912 27th W St, University Place, WA 98466-3405
- Retail space
- 4,383 SF
- 0.50 lot acres
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
- Zone code
- MU
- Property type
- Retail space
- APN
- 9180200430
- APU
- 9180200430
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 29, 2025 | $1,000,000 | The Qatar Group LLC | Pcc Plaza LLC | Warranty Deed | — |
| Nov 17, 2021 | — | Pcc Plaza LLC | Steven R Warp | Warranty Deed | — |
| Aug 12, 1991 | $230,000 | Steven R Warp | Unknown | Grant Deed | $39k · Seller |
| — | — | Steven R Warp | — | Deed Of Trust · related | $76k · Columbia State Bank |
| — | — | Steven R Warp | — | Deed Of Trust · related | $101k · Warp Trust |
| — | — | Steven R Warp | — | Deed Of Trust · related | $139k · Columbia State Bank |
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
-
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 estimation — 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
