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FOR LEASE
Other office properties
Property ID
US90-0330184
Entity Owned Owner of record is a legal entity (LLC / corporation).
2-yr Hold Held for 2 years.
~
Est. High Equity Modeled equity is high. Estimate, not a fact.
Entity Owned 
For Lease
1 / 21
$28 SF/Yr
402 E 26Th St, Tacoma, WA 98421
View Listing
Property summary
AI-generated overview
The property is a mixed-use commercial building configured to support leasing by office, retail, creative, showroom, and other mixed-use users, with interior floor plans designed to accommodate either partial or full-building occupancy. It is located in Tacoma’s Dome District, near the Tacoma Dome. On-site parking includes a secured parking garage and additional surface parking accessible from a second-level entrance via alley access, supporting both employee and customer parking needs.
Ownership intelligence
Who controls the opportunity?
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
What does the county charge?
$29k
Tax billed · 2024
Assessed value$2.58M
Assessed land$722k
Assessed improvement$1.86M
Effective rate1.11%
Value estimate
· Oct 2026$3.55M
$3.20M – $3.91M
AI approach$3.55M
CAP approach$2.35M
Submarket $/SF estimate$2.18M
NOI build-up
Gross scheduled income$140k
Vacancy & credit loss−$28k
Operating expenses−$28k
NOI · 300,510.71% cap applied$84k
Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
What actually traded nearby?
$308/SF
Submarket average, outlier-cleaned · 284 recorded sales of this use type
Observed band · Q1–Q3$171 – $617
Qualifying comparables6
Cap rate analysis
How does the asset earn?
300,510.71%
$84k estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
UCX-TD
JurisdictionPIERCE
Location intelligence
Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.5
Dental Office10.2
Veterinary Clinic10.2
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 17 transfers
✓ 6 qualifying comp sales
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyRecent sales nearby
6 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Pro Plan · 30 reports
from $199/month
from $199/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.55M
Value range
$3.20M – $3.91M
±10% around blend
Estimated value / SF
$320 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable sales
60
Income certainty
100
$3.20M
blend $3.55M
$3.91M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 11,080 SF
- Lot area
- 0.3 ac
- Year built
- 2004
- Stories
- 2
- APN
- 2076220011
- Zoning
- UCX-TD
- Assessed value · 2024
- $2,580,000
- Annual tax · 2024
- $28,667
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.35M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.55M
@ 6.5% CAP return
$2.35M
@ 7% CAP return
$2.19M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $28,667
- Selected cap rate
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$2.24M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale date
Sale price
$ / SF
6.3 mi away · 11,400 SF
6.8 mi away · 9,416 SF
13.2 mi away · 9,726 SF
14.3 mi away · 10,976 SF
21.1 mi away · 13,300 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.55M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
Submarket 284 sales
$308
+4%
County 508 sales
$333
-4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $320/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+38%
vs current use, $3.42M
- Restaurant
- Auto Repair, Garage
- Commercial (general) · current use
- Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable sales, saved work and exports.
9-scenario matrix
Comparable sales · 6
NOI build-up · 9 steps
Market rates by use type
PDF export
Pro Plan · 30 reports
from $199/month
from $199/month
Overview
Selected market yield
4.30%
Selected cap rate for this other office properties
Derived from the Tacoma market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.30%
9.0%
NOI (est.)
$84k *
Last sale · Feb 2024
$3.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.96M
Move the market yield to see immediate price impact.
Value / SF
$177
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.80%4.30%4.80%
$76k
$1.99M
$1.76M
$1.58M
$84k
$2.21M
$1.96M
$1.75M
$93k
$2.44M
$2.15M
$1.93M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable sales
Partial preview
Qualifying comparables
6 found
High confidence · county-verified
Closest comparable
$2.50M
0.4 mi · Jul 2026 · $208/SF
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Other office properties
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2004
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
11,080 SF
Lot
0.3 ac (13,000 SF)
Zoning code
UCX-TD
APN
2076220011
UPID
US90-0330184
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Property tax & assessments
Tax year 2024
Tax billed
$28,667
Assessed value
$2,580,000
Assessed 2024
Previous assessed
$2,580,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$722,300
Assessed improvement
$1,857,700
Land market value
$722,300
Improvement market value
$1,857,700
Total market value
$2,580,000
Applied tax rate
5.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Jurisdiction
Tacoma, WA
Zoning code
UCX-TD
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties we can resolve, with estimated value
Deal signalsSell-side activity where we detect it
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 150 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Debts · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 150 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Get access to Data & Analytics
Choose membership plan that suits your needs
MOST POPULAR
Pro Plan
$199
/mo
30 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Enterprise Plan
$499
/mo
150 property reports a month.
Cancel anytime.
Cancel anytime.
Your membership includes
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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