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    Property profile & analytics

    820 38th St Tacoma, WA 98418-5027

    • Drive through restaurants
    • 1,480 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $660,000
    Last Sale
    Aug 15, 2024
    $660,000
    Location Intelligence
    Property ID
    US90-1853054
    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

    • Burger Ranch / Hamburger Restaurant / Fast Food Restaurant

    Property Details for 820 38th St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    1,480 SF
    Zone code
    NCX
    Property type
    Drive through restaurants
    APN
    8935017930
    APU
    8935017930

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $650,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $635,000
      Geo Method
      $610,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $695,000
      Mixed-Use
      $720,000
      Hospitality
      $620,000
      Educational
      $555,000
      Residential Income
      $560,000
      Energy
      $770,000
      Income-Based Land
      $750,000
      Food Service
      $655,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.444
    Latitude
    47.2229
    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
    $4,925
    $343,800
    $98,600
    $442,400
    -
    $343,800
    $98,600
    $442,400

    Comparable in this City

    • Value Estimation by Request
      1,999 SF

      3737 G St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,999 SF
      3737 G St, Tacoma, WA 98418-6726
      View Details
    • Value Estimation by Request
      1,824 SF

      858 38th St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,824 SF
      858 38th St, Tacoma, WA 98418-5043
      View Details
    • Value Estimation
      $280,000
      2,796 SF

      614 38th St

      RESTAURANT • 2,796 SF
      614 38th St, Tacoma, WA 98418-6716
      View Details
    • Value Estimation
      $605,000
      4,050 SF

      3823 Yakima Ave, Unit A-D

      RESTAURANT • 4,050 SF
      3823 Yakima Ave, Tacoma, WA 98418-5020
      View Details
    • Value Estimation
      $325,000
      2,256 SF

      3850 Pacific Ave

      RESTAURANT • 2,256 SF
      3850 Pacific Ave, Tacoma, WA 98418-7828
      View Details
    • Value Estimation
      $555,000
      3,528 SF

      3709 G St

      RESTAURANT • 3,528 SF
      3709 G St, Tacoma, WA 98418-6726
      View Details

    Similar Nearby for Sale

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      Mixed-use property in Tacoma's Lincoln District with development potential.
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    • $1,269,000
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      Lincoln District Commercial Gem

      Tacoma investment opportunity, high potential.
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    • $2,200,000

      Tacoma Mixed-Use Development Opportunity

      Permit-ready mixed-use land for sale in Tacoma, Washington.
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    Similar Nearby for Lease

    • $22 SF/Yr
      2,000 SF

      Tacoma Fitness Center Space

      2,000 sq ft retail fitness space. Prime Tacoma location.
      111 38Th St, Tacoma, WA 98418
      View Details
    • $22 SF/Yr
      1,496 SF

      Retail Space Near Tacoma Mall

      Retail spaces available near Tacoma Mall with excellent visibility.
      3802-3840 Pacific Ave, Tacoma, WA 98418
      View Details
    • $20 SF/Yr
      2,339 SF

      Tacoma Medical Office Space

      Prime Tacoma medical office, ample parking.
      3716 Pacific Ave, Tacoma, WA 98418
      View Details
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    820 38th St
    Tacoma, WA 98418-5027
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    Realmo Value Estimation

    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.

    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.

    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
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