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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Grocery and convenience stores
8111 86th NW Ave Gig Harbor, WA 98332-6712
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1612135
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1960
Construction
WOOD FRAME
Total area
2,400 SF
Lot
0.98 ac (42,689 SF)
Zoning code
RNC
APN
121023015
UPID
US90-1612135
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
-
Harbor Hypnotherapy Alternative Medicine Practice
-
The Rosedale Market Grocery & Convenience Store
-
ATM (Rosedale Market) Atm Food Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.24M
Owner & transaction history
Hong K Choi · 3 yrs held
Hong K Choi
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
RNC · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$1,005,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.20M (Jan 18 2023)
Last sale anchor
$1.20M
Jan 18 2023
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
$515 / 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
$6,676
Tax year 2024
Assessed value
$664,900
Assessed 2024
Previous assessed
$664,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$310,700
Assessed improvement
$354,200
Land market value
$310,700
Improvement market value
$354,200
Total market value
$664,900
Applied tax rate
472.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
2,400 SF
Lot
0.98 ac (42,689 SF)
Zoning code
RNC
APN
121023015
UPID
US90-1612135
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RNC · Gig Harbor, WA
Zoning RNC · permitted uses
RNC · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Hong K Choi
Individual
Mailing address
8111 86TH AVE NW, GIG HARBOR, WA 98332-6712
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Hong K Choi
—
Deed
related
$100,000 · Jamie A Lim
Jan 25, 2023
—
Hong K Choi
—
Deed
related
—
Jan 18, 2023
$1,200,000
Hong K Choi
Ray L Chapman
Warranty Deed
$800,000 · The Ray And Tina Chapman Living Tru
Jul 14, 2022
—
Ray L Chapman
Rosedale Plaza LLC
Quit Claim Deed
related
—
Oct 22, 2020
—
Hong K INC
—
Deed
related
$60,000 · Sas Petroleum INC
Jan 28, 2019
—
Rosedale Market LLC
—
Deed
related
—
Sep 10, 2018
—
Rosedale Plaza LLC
Van West LLC
Deed In Lieu Of Foreclosure
—
Jun 6, 2005
$825,000
Van West LLC
Templeton,julius P & Ann L
Warranty Deed
$832,500 · Westsound Bank
Nov 23, 1988
$130,000
Julius P Templeton
Unknown
Grant Deed
$124,800 · Seller
—
—
Rosedale Market LLC
—
Deed Of Trust
related
—
—
—
Hong K INC
—
Deed Of Trust
related
$60,000 · Sas Petroleum INC
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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