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Property profile & analytics
OFF-MARKET
Estimated value
$3,685,000
Strip malls
9312 Tacoma Way, Tacoma, WA 98499-4403
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1483179
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
WOOD FRAME
Total area
15,000 SF
Lot
1.45 ac (63,118 SF)
Zoning code
C2
APN
3960000120
UPID
US90-1483179
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
-
Korean American Association Tacoma Association / Organization
-
VIP Professional Tailors (Bike/Boat/Book/etc) Store
-
Emperor's Acupuncture Medical Clinic Alternative Medicine Practice
-
Lee Michael K CPA Accounting Firm Tax Preparation
-
Lotte Video (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.23M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.69M
Owner & transaction history
Hcy Investments LLC · 5 yrs held
Hcy Investments LLC
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
C2 · 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
$4,305,000
ML approach
$4,230,000
CAP Approach
CAP Return
Estimation
6%
$3,605,000
6.5%
$3,330,000
7%
$3,090,000
Alternative Use
Use
Estimation
RESTAURANT
$5,875,000
Change: -8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,840,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,535,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.69M
Range $3.32M – $4.05M · ±10% · vs last sale $3.28M (Dec 11 2020)
Last sale anchor
$3.28M
Dec 11 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
$246 / 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
$42,020
Tax year 2024
Assessed value
$3,738,400
Assessed 2024
Previous assessed
$3,738,400
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,044,500
Assessed improvement
$1,693,900
Land market value
$2,044,500
Improvement market value
$1,693,900
Total market value
$3,738,400
Applied tax rate
760.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
15,000 SF
Lot
1.45 ac (63,118 SF)
Zoning code
C2
APN
3960000120
UPID
US90-1483179
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Hcy Investments LLC
Entity
Mailing address
7324 100TH AVE SW, LAKEWOOD, WA 98498-3432
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2020
—
Hcy Investments LLC
Hwa S So
Quit Claim Deed
related
—
Jan 23, 2020
$3,280,000
Hwa Sun So
John C Park
Warranty Deed
$2,000,000 · Heritage Bank
Oct 3, 2018
—
John C Park
—
Deed
related
$567,000 · Unibank
Sep 27, 1996
$900,000
Michael Y Park
Plaza,koreana Plaza
Quit Claim Deed
related
—
Apr 28, 1992
$95,000
Fred Etal Warnick
Unknown
Quit Claim Deed
related
—
—
—
John C Park
—
Deed Of Trust
related
$150,000 · Western Bank
—
—
Michael Park
—
Deed Of Trust
related
$775,000 · Korea Exchange Bank
—
—
John C Park
—
Deed Of Trust
related
$567,000 · Unibank
—
—
John C Park
—
Deed Of Trust
related
$1,000,000 · East West Bank
—
—
John C Park
—
Deed Of Trust
related
$1,000,000 · Washington First Int'l Bank
—
—
John C Park
—
Loan Modification
related
$567,000 · Unibank
—
—
John G Park
—
Deed Of Trust
related
$952,500 · Washington First Int'l Bank
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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