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    8424 Pacific Ave Tacoma, WA 98444-6467
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    Property profile & analytics

    8424 Pacific Ave, Tacoma, WA 98444-6467

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    • Grocery and convenience stores
    • 2,312 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US90-1556591
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jackpot Food Mart / Grocery & Convenience Store
    • Chevron / Gas Station
    • ATM (Jackpot Food Mart) / Atm

    Property Details for 8424 Pacific Ave

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    0.21 lot acres
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    4533000070
    APU
    4533000070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 19, 2018 $575,000 Ml5 LLC Green Meadow Elite LLC Warranty Deed —
    Apr 10, 2017 $1,008,279 Green Meadow Elite LLC Spirit Spe Portfolio Ca C-stor Trustees Deed $28.5M · First Credit Bk
    Nov 5, 2014 $682,825 Spirit Spe Portfolio Ca C-stor Extant Partners LLC Grant Deed —
    Oct 29, 2014 $668,076 Extant Partners LLC Convenience Retailers LLC Grant Deed —
    Dec 19, 2011 — Convenience Retailers LLC — Deed Of Trust · related $51.1M · Conocophillips Co
    Mar 17, 2009 — Pcf Acquisitionco LLC Petrosun West Properties LLC Grant Deed —
    Nov 27, 2007 $201,000 Petrosun West Properties LLC Time Oil Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.435
    Latitude
    47.1801
    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
    $4,892
    $171,000
    $268,400
    $439,400
    -
    $171,000
    $268,400
    $439,400

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      15905 Pacific S Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      15905 Pacific S Ave, Tacoma, WA 98444-4671
      View Details
    • Value Estimation
      $515,000
      3,400 SF

      10421 Pacific S Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      10421 Pacific S Ave, Tacoma, WA 98444-6051
      View Details
    • Value Estimation
      $2,460,000
      2,756 SF

      8817 Pacific Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      8817 Pacific Ave, Tacoma, WA 98444-6474
      View Details
    • Value Estimation by Request
      2,184 SF

      13723 Pacific S Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      13723 Pacific S Ave, Tacoma, WA 98444-4745
      View Details
    • Value Estimation
      $540,000
      1,408 SF

      15119 Pacific S Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      15119 Pacific S Ave, Tacoma, WA 98444-4660
      View Details
    • Value Estimation
      $565,000
      3,780 SF

      10716 Pacific S Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      10716 Pacific S Ave, Tacoma, WA 98444-6058
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,876 SF

      Mixed-Use Multifamily Investment Opportunity

      Value-add property with residential and commercial income streams.
      9618 Pacific Ave, Tacoma, WA 98444
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    • $1,799,000
      0.52 Acres

      Mixed-Use Multifamily Investment Opportunity

      Value-add mixed-use multifamily property with income and upside potential.
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    • Contact for pricing
      5,938 SF

      Tacoma Office or Retail Space

      Open-concept space on Pacific Ave, ideal for diverse businesses.
      12202 Pacific Ave S, Tacoma, WA 98444
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    • $2,250,000
      20,224 SF

      Parkland Commercial Building and Lot

      20,000 SF building with adjacent vacant lot for sale.
      502 112Th St S, Tacoma, WA 98444
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      Commercial Land with Redevelopment Potential

      Former restaurant site suitable for retail, office, or residential development.
      9825 Pacific Ave S Tacoma, Tacoma, WA 98444
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    • $950,000
      2,160 SF

      High-Traffic Commercial Property For Sale

      Corner lot with income potential in a high-traffic location.
      2206 96Th St S, Tacoma, WA 98444
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    Similar Nearby for Lease

    • $2,292 /Mo
      1,250 SF

      Retail Space with QFC Anchor

      Retail space anchored by QFC with high traffic.
      11200 Pacific Ave S, Tacoma, WA 98444
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    • Contact for pricing
      1,250 SF

      Retail Space with QFC Anchor

      Retail space anchored by QFC with high traffic.
      11200 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      5,800 SF

      Retail Space Available For Rent

      5,800 sq ft retail space for lease.
      133 96Th Street Ct South, Tacoma, WA 98444
      View Details
    • Contact for pricing
      8,904 SF

      Parkland Retail Space For Rent

      End-cap unit in high-traffic Parkland location, suitable for retail.
      13004 Pacific Ave South, Parkland, WA 98444
      View Details
    • Contact for pricing
      1,550 SF

      End Cap Retail/Office Space

      End cap retail/office space in North Shops building.
      15617-15635 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space with Ample Parking

      Retail space available for rent with pylon signage.
      14902-14926 Pacific Hwy S, Spanaway, WA 98444
      View Details
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    Tacoma, WA 98444-6467
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    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.

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