Financial
Distress signals
Property profile

1551 Tacoma Way Tacoma, WA 98409

OFF-MARKET
Flex space
Property ID
US90-0667349
19,459 SF 1.76 ac lot Built 1960
Last sale May 2023 · $1,147,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Mortgages

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?
$16k
Tax billed · 2024
Assessed value$1.41M
Assessed land$1.07M
Assessed improvement$345k
Effective rate1.11%

Value estimate

· Sep 2026
$840k
$756k – $924k
AI approach$860k
Submarket $/SF estimate$957k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$221/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$107 – $379
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M2
M-2 Heavy Industrial District This M -2 District is intended to allow most industrial uses. Impacts from these uses include extended oper...
General categoryINDUSTRIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.3
Dental Office21.5
Auto Parts Store16.1

Location

1551 Tacoma Way Tacoma, WA 98409-7986
County assessor Recorded deeds · 2 transfers 3 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2011 Tacoma, Tacoma, WA 98409-7837 $4,250,000 Dec 2022 26,530 SF
3303 35th, Tacoma, WA 98409-4701 $873,497 Aug 2021 26,808 SF
4520 Adams, Tacoma, WA 98409-2907 $2,285,000 Jun 2020 24,793 SF
5302 Burlington, Tacoma, WA 98409 $2,150,000 Jul 2019 26,000 SF
1517 Tacoma, Tacoma, WA 98409-7948 $825,000 Dec 2018 23,574 SF
5001 Burlington, Tacoma, WA 98409-2801 $1,874,719 Oct 2018 12,752 SF
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
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