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Property profile & analytics
OFF-MARKET
Retail space
9400 Key Peninsula Hwy Nw, WA
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1656173
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
WOOD FRAME
Total area
868 SF
Lot
4.02 ac (175,111 SF)
Zoning code
RAC
APN
21011026
UPID
US90-1656173
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blackstone Construction LLC · 3 yrs held
Blackstone Construction LLC
since 2023
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
RAC · Nw, 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 Nw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nw 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,608
Tax year 2024
Assessed value
$378,100
Assessed 2024
Previous assessed
$378,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$353,700
Assessed improvement
$24,400
Land market value
$353,700
Improvement market value
$24,400
Total market value
$378,100
Applied tax rate
471.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
2
Bathrooms
1
Total area
868 SF
Lot
4.02 ac (175,111 SF)
Zoning code
RAC
APN
21011026
UPID
US90-1656173
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RAC · Nw, WA
Zoning RAC · permitted uses
RAC · Nw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
4.02 ac
Current owner
From public records · entity-resolved
Blackstone Construction LLC
Entity
Mailing address
PO BOX 450, BURLEY, WA 98322-0450
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$400,000
Blackstone Construction LLC
Hugh C Miller JR
Warranty Deed
$296,000 · Hugh Miller
Nov 12, 2003
$105,000
Hugh C Miller
Northwestern Gtrust
Grant Deed
—
Feb 11, 2000
$134,316
Northwestern Trust Trustee
Cole,bruce C
Trustees Deed
—
—
—
Bruce C Cole
—
Deed Of Trust
related
$113,000 · Partners Mortgage
—
—
Hugh C Miller JR.
—
Deed Of Trust
related
$225,224 · Kitsap Bank
—
—
Bruce Cole
—
Deed Of Trust
related
$87,500 · Individual
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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