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Property profile & analytics
OFF-MARKET Estimated value $515,000
Retail space

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

4,383 SF 0.5 ac lot Built 1953
Entity Owned 1-yr Hold Free & Clear
Property ID
US90-1365715
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,383 SF
Lot 0.5 ac (21,850 SF)
Zoning code MU
APN 9180200430
UPID US90-1365715
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
$470k
CAP Approach CAP
$585k
Comparable Approach Comparable
$490k
Blend (final) Blend
$515k
Owner & transaction history
The Qatar Group LLC · 1 yrs held
The Qatar Group LLC
since 2025
6 recorded transactions
2025
$1.0M
2021
Price N/A
1991
$230,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MU · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Mixed Use - Office (MU-O). It is the City’s intent to create a well-balanced, well-organized combination of land uses that recognizes historic development patterns and protects adjoining residential neighborhoods from incompatible uses. The MU-O classification serves as a transition zone providing separation between more intense commercial activities and res…

Zone name Mixed Use
General category MIXED_USE
Zone area 9.20 ac
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