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Property profile & analytics
OFF-MARKET
Estimated value
$18,110,000
Warehouses
1007 Woodlawn St, Tacoma, WA 98465
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1715848
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
127,160 SF
Lot
1.45 ac (63,031 SF)
Zoning code
R2
APN
9795001133
UPID
US90-1715848
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.11M
Owner & transaction history
Gmsp Tacoma LLC · 1 yrs held
Gmsp Tacoma LLC
since 2024
Last sale
$19.0M
7 recorded transactions
Zoning & alternative use
R2 · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,210,000
6.5%
$16,810,000
7%
$15,610,000
Blend value · Realmo final
$18.11M
Range $16.30M – $19.92M · ±10% · vs last sale $19.00M (Sep 25 2024)
Last sale anchor
$19.00M
Sep 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
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
$167,108
Tax year 2024
Assessed value
$15,044,400
Assessed 2024
Previous assessed
$15,044,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$960,700
Assessed improvement
$14,083,700
Land market value
$960,700
Improvement market value
$14,083,700
Total market value
$15,044,400
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1105
Total area
127,160 SF
Lot
1.45 ac (63,031 SF)
Zoning code
R2
APN
9795001133
UPID
US90-1715848
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WA
Zoning R2 · permitted uses
R2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1105
Lot
1.45 ac
Current owner
From public records · entity-resolved
Gmsp Tacoma LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 64550, TACOMA, WA 98464-0550
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
$19,000,000
Gmsp Tacoma LLC
Woodlawn LLC
Special Warranty Deed
—
Feb 1, 2022
—
Woodlawn LLC
—
Deed
related
$250,000 · Heritage Southeast Bank
Nov 3, 2020
—
Woodlawn LLC
—
Deed
related
$11,165,000 · Heritage Bk
Aug 16, 2019
—
Woodlawn LLC
—
Deed
related
$10,294,000 · Heritage Bank
Nov 1, 2007
—
Woodlawn LLC
Hawkins,charles F & Teresa A
Quit Claim Deed
related
—
May 8, 2003
$69,688
Charles F Hawkins
Chaussee Corp
Grant Deed
—
—
—
Woodlawn LLC
—
Loan Modification
related
$11,165,000 · Heritage Bk
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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