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Property profile & analytics
FOR LEASE
Warehouses
1010 Valentine Ave SE Pacific, WA 98047
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2887301
For Lease
Contact for pricing
1010 Valentine Ave SE, Pacific, WA 98047
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
128,262 SF
Lot
6.55 ac (285,318 SF)
APN
4495400131
UPID
US90-2887301
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.46M
Owner & transaction history
Pacific Logistics Indl S LLC · 8 yrs held
Pacific Logistics Indl S LLC
since 2018
6 recorded transactions
Zoning & alternative use
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 Pacific submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$200,567
Tax year 2024
Assessed value
$19,242,400
Assessed 2024
Previous assessed
$19,242,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$5,242,800
Assessed improvement
$13,999,600
Land market value
$5,242,800
Improvement market value
$13,999,600
Total market value
$19,242,400
Applied tax rate
86.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
128,262 SF
Lot
6.55 ac (285,318 SF)
APN
4495400131
UPID
US90-2887301
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
6.55 ac
Current owner
From public records · entity-resolved
Pacific Logistics Indl S LLC
Entity
Free & Clear · 8 yrs held
Mailing address
923 POWELL AVE SW STE #101, RENTON, WA 98057-2943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2018
—
Pacific Logistics Indl S LLC
—
Trustees Deed
related
$9,333,900 · Vectra Bk/co
May 22, 2018
$5,173,033
Pacific Logistics Indl S LLC
R3 Investments LLC
Warranty Deed
—
Nov 3, 2017
—
R3 Investments LLC
—
Deed
related
$2,679,445 · Heritage Bk
Mar 7, 2017
$3,337,524
R3 Investments LLC
Tri-delt INC
Warranty Deed
$2,325,000 · Heritage Bk
Mar 14, 2014
$63,700
City Of Pacific
Tri-delt INC
Warranty Deed
—
—
—
R3 Investments LLC
—
Loan Modification
related
$2,679,445 · 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.
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?”
Full reports are paid
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