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    1002 E F St Tacoma, WA 98421
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    Property profile & analytics

    1002 E F St Tacoma, WA 98421

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    • Flex space
    • 63,177 SF
    • 2.75 lot acres
    For Lease
    $1.06 SF/Yr
    View Listing →
    Port of Tacoma Shop Space For Lease
    $1.06 SF/Yr
    7,500 SF

    Port of Tacoma Shop Space

    Shop space for rent in Port of Tacoma.

    1002 E F St, Tacoma, WA
    View Listing
    Property ID
    US90-1708315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SOUND RAIL / Home Decor Store / Department Store
    • Resolve Marine / Construction Company
    • Painted Moon Art Studio / Art Studio
    • Tacoma Wood Finishing / General Contractor
    • Tacoma Teak / Furniture & Home Goods / Home Decor Store

    Property Details for 1002 E F St

    Year built
    1920
    Construction
    WOOD FRAME
    Lot size
    2.75 lot acres
    Property size
    63,177 SF
    Zone code
    M2
    Property type
    Flex space
    APN
    6375000030
    APU
    6375000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.43
    Latitude
    47.2564
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,701
    $2,634,800
    $38,200
    $2,673,000
    -
    $2,634,800
    $38,200
    $2,673,000

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      1110 Alexander Ave

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      2615 En St

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    • Value Estimation
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      10,000 SF

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      LIGHT INDUSTRIAL • 10,000 SF
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    Similar Nearby for Sale

    • Contact for pricing

      Port of Tacoma Road Location

      Office and warehouse space with yard available for lease.
      2212 Port Of Tacoma Rd, Tacoma, WA 98421
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      Port of Tacoma Road Warehouse

      Warehouse with office, storage, and yard space available for sale.
      2212 Port Of Tacoma Rd, Tacoma, WA 98421
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    • $3,300,000
      46,343 SF

      Commercial Building with Warehouse Space

      46,343 sq ft commercial building on 1.97 acres.
      1247 Puyallup Ave, Tacoma, WA 98421
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      98,300 SF

      Tacoma Industrial/Manufacturing Warehouse Building

      Stand-alone industrial building with access to Port of Tacoma.
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    • $3,100,000

      Tacoma Industrial Property with Rail Access

      Industrial property in Tacoma with strategic rail access and long-term tenant.
      567 East 18Th St, Tacoma, WA 98421
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      Pending

      Commercial Building with Fenced Lot

      46,343 sq ft commercial building with fenced lot.
      1247 Puyallup Ave, Tacoma, WA 98421
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    Similar Nearby for Lease

    • Contact for pricing

      Flexible Warehouse and Office Space

      Adaptable warehouse and office solutions with comprehensive amenities.
      3320 Lincoln Ave, Tacoma, WA 98421
      View Details
    • $4,500 /Mo
      2,000 SF

      Office with Warehouse and Yard

      Office, warehouse, and yard space available for lease.
      2212 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • Contact for pricing
      86,600 SF

      Fenced Storage Yard with Rail

      Tacoma warehouse with fenced yard and rail access.
      2330 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      11,329 SF building with office space available 05/01/2026.
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      View Details
    • $5,750 /Mo
      5,000 SF

      Tacoma Warehouse with Easy Access

      5,000 SF warehouse with convenient highway and port access.
      117 Puyallup Ave, Tacoma, WA 98421
      View Details
    • Contact for pricing
      220,429 SF

      Tacoma Warehouse Space Available

      220,429 SF warehouse space for lease in Tacoma, WA.
      2608 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    View Listing
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    1002 E F St
    Tacoma, WA 98421
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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