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Property profile & analytics
OFF-MARKET
Office Spaces
1016 I St Tacoma, WA 98405-4555
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1633157
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1951
Construction
WOOD FRAME
Total area
1,052 SF
Lot
0.45 ac (19,500 SF)
Zoning code
R5
APN
2010180050
UPID
US90-1633157
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
-
Precise Lawn Care Landscaping
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
S & M Propco 1 LLC · 5 yrs held
S & M Propco 1 LLC
since 2021
7 recorded transactions
Zoning & alternative use
R5 · 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
$10,913
Tax year 2024
Assessed value
$981,500
Assessed 2024
Previous assessed
$981,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$629,700
Assessed improvement
$351,800
Land market value
$629,700
Improvement market value
$351,800
Total market value
$981,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
NONE
Buildings
5
Stories
1
Units
1
Bathrooms
2
Total area
1,052 SF
Lot
0.45 ac (19,500 SF)
Zoning code
R5
APN
2010180050
UPID
US90-1633157
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R5 · Tacoma, WA
Zoning R5 · permitted uses
R5 · 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
1951
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
5
Units
1
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
S & M Propco 1 LLC
Entity
Mailing address
1117 BROADWAY STE #500, TACOMA, WA 98402-3508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
—
S & M Propco 1 LLC
Rane W Shaub
Warranty Deed
—
Dec 11, 2019
$1,490,000
Shaub Rane
Shared Housing Services
Special Warranty Deed
—
Dec 11, 2019
—
Rane W Shaub
Elizabeth B Shaub
Intrafamily Transfer
related
$1,168,000 · Commencement Bank
Dec 27, 2017
—
Shared Housing Services
—
Deed
related
$466,500 · Keybank USA
Dec 30, 1999
$343,203
Shared Housing Services
Northwestern Trust
Grant Deed
$284,000 · Partners Mortgage
Apr 30, 1999
$258,364
Northwestern Trust Trustee
Rogers,lou
Trustees Deed
—
—
—
Shared Housing Services
—
Deed Of Trust
related
$575,000 · Pierce Commercial Bank
—
—
Shared Housing Services
—
Deed Of Trust
related
$68,000 · Homestreet Bank
—
—
Shared Housing Services
—
Deed Of Trust
related
$466,500 · Keybank USA
—
—
Shared Housing Services
—
Deed Of Trust
related
$332,000 · Homestreet Bank
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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