Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1004 138th S St Tacoma, WA 98444-2063

    • Mobile home & RV parks
    • 864 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Aug 25, 2022
    $2,260,000
    Value Estimations
    $2,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1778432
    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.

    Current Use by Public Records

    • Barber Shop / Barber Shop

    Property Details for 1004 138th S St

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.10 lot acres
    Property size
    864 SF
    Zone code
    SF
    Property type
    Mobile home & RV parks
    APN
    5780000660
    APU
    5780000660

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,235,000
      ML approach
      $2,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,813,000
      Market price range: $777k - $3.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.449
    Latitude
    47.1312
    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
    $15,362
    $448,300
    $791,200
    $1,239,500
    -
    $448,300
    $791,200
    $1,239,500

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      1115 138th S St

      MOBILE HOME PARK, TRAILER PARK • 1,080 SF
      1115 138th S St, Tacoma, WA 98444
      View Details
    • Value Estimation
      $1,040,000
      644 SF

      10602 A S St

      MOBILE HOME PARK, TRAILER PARK • 644 SF
      10602 A S St, Tacoma, WA 98444
      View Details
    • Value Estimation by Request
      1,296 SF

      10028 A S St

      MOBILE HOME PARK, TRAILER PARK • 1,296 SF
      10028 A S St, Tacoma, WA 98444
      View Details
    • Value Estimation
      $1,750,000
      624 SF

      1617 108th S St

      MOBILE HOME PARK, TRAILER PARK • 624 SF
      1617 108th S St, Tacoma, WA 98444
      View Details
    • Value Estimation by Request
      440 SF

      13708th 11th S Ave

      MOBILE HOME PARK, TRAILER PARK • 440 SF
      13708th 11th S Ave, Tacoma, WA 98444-2138
      View Details
    • Value Estimation by Request
      400 SF

      13703 10th S Ave

      MOBILE HOME PARK, TRAILER PARK • 400 SF
      13703 10th S Ave, Tacoma, WA 98444
      View Details

    Similar Nearby for Sale

    • $3,900,000
      26 SF

      Multifamily Residence with 40 Units

      Multifamily residence featuring 40 units, ideal for residential income.
      1756 106Th Street Ct South | Tacoma, Tacoma, WA 98444
      View Details
    • $1,150,000
      2,880 SF

      Four-Unit Multifamily Investment Property

      Four-unit residential building with hardwood floors in high-density area.
      11108 Sheridan Ave S, Tacoma, WA 98444
      View Details
    • $560,000
      1,948 SF

      Parkland Duplex Near JBLM

      Duplex near Spanaway Loop Road, close to JBLM, shopping, freeways.
      13803 S 11Th St S, Tacoma, WA 98444
      View Details
    • $12,800,000

      New Townhome Development For Sale

      38-unit townhome development completed in 2022 in Parkland, Washington.
      14601 1St Ave S, Tacoma, WA 98444
      View Details
    • $2,250,000

      Parkland Apartments Near Downtown Tacoma

      Apartment community with updated units near Downtown Tacoma and university.
      1420 112Th St S, Tacoma, WA 98444
      View Details
    • $2,300,000
      9,086 SF

      Tacoma Investment Property Opportunity

      3.4-acre site with income and development potential in Tacoma.
      2222 96Th St SW, Lakewood, WA 98444
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      3,245 SF

      Tacoma Executive Office Suites

      Prime Tacoma location, multiple suites available.
      0 S & C St, Tacoma, WA 98444
      View Details
    • $28 SF/Yr
      2,107 SF

      Former Tanning Salon Retail Space

      Retail space suitable for medical or other businesses.
      208-212 Garfield St S, Tacoma, WA 98444
      View Details
    • $18 SF/Yr
      5,000 SF

      Downtown Tacoma Restaurant Space

      Renovated restaurant space in the heart of Tacoma.
      724 Pacific Ave, Tacoma, WA 98444
      View Details
    • $9,500 /Mo
      49,223 SF

      Tacoma Yard or Built-to-Suit

      49,223 SF yard or built-to-suit for lease.
      2200 112Th St E, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Undeveloped Corner Lot in Tacoma

      Undeveloped hard corner lot with access to Downtown Tacoma.
      Pacific Ave, Tacoma, WA 98444
      View Details
    • $34 SF/Yr
      2,000 SF

      Remodeled Commercial Space on Pacific

      2,000 SF commercial space with offices and showroom.
      15005 Pacific Ave S, Tacoma, WA 98444
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1004 138th S St
    Tacoma, WA 98444-2063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.