Back to Search
Property profile & analytics
FOR LEASE
Industrial land
1011 L St Tacoma, WA 98405
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0387441
No photos on file
For Lease
$15,000/Mo
1011 L St, Tacoma, WA 98405
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1970
Construction
WOOD FRAME
Lot
0.07 ac (3,250 SF)
Zoning code
NCX
APN
2010230030
UPID
US90-0387441
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
Current use
Occupant on record · Public records
-
play therapy and maternal mental health Medical Clinic
-
Jennifer Whipple Psychotherapy Counselor
-
CenturyLink Telecommunications Service Data Center
-
Starlight Counseling and Family Services Counselor
-
Safe Space Yoga Project Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Housing Hilltop Lllp · 3 yrs held
Housing Hilltop Lllp
since 2022
7 recorded transactions
Zoning & alternative use
NCX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10
Tax year 2024
Assessed value
$121,600
Assessed 2024
Previous assessed
$121,600
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$121,600
Land market value
$121,600
Total market value
$121,600
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 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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Year built
1970
Construction
WOOD FRAME
Heating
NONE
Lot
0.07 ac (3,250 SF)
Zoning code
NCX
APN
2010230030
UPID
US90-0387441
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NCX · Tacoma, WA
Zoning NCX · permitted uses
NCX · 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
1970
Construction
WOOD FRAME
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Housing Hilltop Lllp
Entity
Mailing address
902 S L ST, TACOMA, WA 98405-4037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Housing Hilltop Lllp
—
Deed
related
$1,117,038 · Pierce County
Nov 15, 2022
—
Housing Hilltop Lllp
Housing Authority Of The City Of Ta
Lease
$2,877,000 · Housing Authority Of The City Of Tacoma
Nov 29, 2021
—
Housing Authority Of The City Of Ta
1011 Hilltop LLC
Bargain And Sale Deed
—
Jan 7, 2020
—
1011 Hilltop LLC
Daniel Roberge
Quit Claim Deed
related
—
Oct 1, 2019
—
Daniel Roberge
—
Deed
related
$450,000 · First Interstate Bank
Aug 21, 2018
—
Mark Girolami
Girolami,philip & Lisa
Quitclaim Deed
related
—
Jun 1, 2016
—
Philip C Girolami
—
Deed
related
$320,000 · Tapco Cu
Mar 26, 2015
$135,000
Daniel Roberge
Bayview Ln Svcg LLC
Grant Deed
$175,000 · Douglas A Macleod
Feb 20, 2014
$177,500
Bayview Ln Svcg LLC
Seaside Trustee Of Wa INC
Trustees Deed
related
—
Oct 25, 2013
—
William F Dippolito Ps INC
Marlowe,tamra J
Quit Claim Deed
related
—
Mar 22, 2013
—
Tamra J Marlowe
William F Dippolito Ps INC
Quit Claim Deed
related
—
Jul 23, 2012
—
Tamra J Marlowe
Dippolito,william F
Quit Claim Deed
related
—
Dec 10, 2010
$320,100
Bayview Ln Svcg LLC
Seaside Trustee Of Wa INC
Trustees Deed
related
—
Jan 21, 1992
$125,000
William F Dippolito
Unknown
Grant Deed
$115,000 · Seller
—
—
William F Dippolito
—
Deed Of Trust
related
$99,950 · Key Bank Of Washington
—
—
Daniel C Roberge
—
Deed Of Trust
related
$200,000 · Timberland 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
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
