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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office Spaces
1101 Tacoma S Ave, Tacoma, WA 98402-2005
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1220272
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1919
Construction
WOOD FRAME
Total area
5,279 SF
Lot
0.18 ac (7,800 SF)
Zoning code
DMU
APN
2011110010
UPID
US90-1220272
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
-
John J Meske Law Offices Law Firm
-
Chez Lafayette Creole Brasserie Restaurant
-
Tower Coffee Bar and Grill Cafe & Coffee Shop
-
3uilt Tacoma Ave Restaurant
-
Dock Street Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$840k
Owner & transaction history
Mt Pokketts LLC · 17 yrs held
Mt Pokketts LLC
since 2009
6 recorded transactions
Zoning & alternative use
DMU · 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%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$159 / 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
$26,274
Tax year 2024
Assessed value
$2,364,500
Assessed 2024
Previous assessed
$2,364,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$576,100
Assessed improvement
$1,788,400
Land market value
$576,100
Improvement market value
$1,788,400
Total market value
$2,364,500
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
1919
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Total area
5,279 SF
Lot
0.18 ac (7,800 SF)
Zoning code
DMU
APN
2011110010
UPID
US90-1220272
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DMU · Tacoma, WA
Zoning DMU · permitted uses
DMU · 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
1919
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Mt Pokketts LLC
Entity
Mailing address
1105 TACOMA AVE S, TACOMA, WA 98402-2005
Ownership since
2009
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
Apr 24, 2009
—
Mt Pokketts LLC
Projects West INC
Warranty Deed
$2,200,000 · Pierce Commercial Bank
May 22, 2008
$980,000
Projects West INC
Palace,dianna L
Warranty Deed
$735,000 · Columbia State Bank
Dec 27, 2006
—
Dianna L Palace
Palace,patrick A
Quit Claim Deed
related
—
—
—
M T Pokketts LLC
—
Deed Of Trust
related
$400,000 · Heritage Bank
—
—
M T Pokketts LLC
—
Loan Modification
related
$2,240,000 · Heritage Bk
—
—
M T Pokketts LLC
—
Deed Of Trust
related
$200,000 · Pierce Commercial 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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