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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Grocery and convenience stores
911 Martin Luther King Jr Way Tacoma, WA 98405
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0969413
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1992
Construction
WOOD FRAME
Total area
3,264 SF
Lot
0.15 ac (6,500 SF)
Zoning code
NCX
APN
2009210020
UPID
US90-0969413
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
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.60M
Blend (final)
Blend
$1.84M
Owner & transaction history
Khushi And Harsh LLC · 6 yrs held
Khushi And Harsh LLC
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
NCX · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
$1,795,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±10% · vs last sale $1.84M (May 27 2020)
Last sale anchor
$1.84M
May 27 2020
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
$564 / 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
$8,483
Tax year 2024
Assessed value
$762,700
Assessed 2024
Previous assessed
$762,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$246,400
Assessed improvement
$516,300
Land market value
$246,400
Improvement market value
$516,300
Total market value
$762,700
Applied tax rate
5.0000
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
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
3
Stories
1
Units
1
Total area
3,264 SF
Lot
0.15 ac (6,500 SF)
Zoning code
NCX
APN
2009210020
UPID
US90-0969413
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NCX · Tacoma, WA
Zoning NCX · permitted uses
NCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
3
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Khushi And Harsh LLC
Entity
Mailing address
901 MARTIN LUTHER KING JR WAY, TACOMA, WA 98405-4149
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
$1,838,062
Khushi And Harsh LLC
Jasvir Singh Gill
Warranty Deed
$1,755,000 · Mountain Pacific Bank
Sep 18, 2013
—
Jaspaul S Sohal
Singh,jasvinder
Quit Claim Deed
related
—
Sep 18, 2013
$925,000
Jasvir S Gill
Khaira,parmit
Warranty Deed
$625,000 · Parmjit S Khaira
Jan 14, 2013
$96,796
Jasvinder Sing
Northwest Te Svcs INC
Trustees Deed
related
—
—
—
Sun O Chong
—
Deed Of Trust
related
$65,280 · R E Powell Distributing
—
—
Lawrence Chong
—
Deed Of Trust
related
$258,607 · City Bank
—
—
Jung M Chong
—
Deed Of Trust
related
$100,000 · Keb La Financial Corp
—
—
Jung M Chong
—
Deed Of Trust
related
$850,000 · Keb La Financial Corp
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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