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Property profile & analytics
OFF-MARKET
Warehouses
9916 Key Peninsula NW Hwy, Gig Harbor, WA 98329-6641
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0398692
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
2,240 SF
Lot
1.81 ac (78,844 SF)
Zoning code
R10
APN
22364023
UPID
US90-0398692
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
-
Code Red Trucking Auto Repair Shop
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
Key Harbor Properties LLC · 11 yrs held
Key Harbor Properties LLC
since 2015
6 recorded transactions
Zoning & alternative use
R10 · Gig Harbor, 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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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
$3,176
Tax year 2024
Assessed value
$321,400
Assessed 2024
Previous assessed
$321,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$261,700
Assessed improvement
$59,700
Land market value
$261,700
Improvement market value
$59,700
Total market value
$321,400
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
2,240 SF
Lot
1.81 ac (78,844 SF)
Zoning code
R10
APN
22364023
UPID
US90-0398692
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Gig Harbor, WA
Zoning R10 · permitted uses
R10 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Key Harbor Properties LLC
Entity
Mailing address
420 CLINE AVE, PORT ORCHARD, WA 98366-4604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jan 27, 2015
$9,345
Key Harbor Properties LLC
Sjidw LLC
Warranty Deed
$481,583 · Sjidw LLC
Apr 30, 2003
$600,000
Macumber Holdings LLC
Miller,price N & Sheryl J
Grant Deed
related
$600,000 · Price N & Sheryl J Miller
Aug 30, 1993
$105,000
Price N Miller JR.
Mowatt
Grant Deed
$76,600 · Seller
Jul 14, 1988
$763
Allan Mowatt
Unknown
Grant Deed
related
—
—
—
Price N Miller
—
Deed Of Trust
related
$240,000 · Harbor Bank
—
—
Macumber Holdings LLC
—
Deed Of Trust
related
$522,000 · Kitsap 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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