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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Office Spaces
1107 Tacoma S Ave 1109, Tacoma, WA 98402-2005
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1443487
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
DMU
APN
2011110020
UPID
US90-1443487
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
-
Law Offices of Martin Duenhoelter Law Firm
-
Shomer Law Firm PLLC Law Firm
-
Ticket Cutter Law Firm
-
Freeman Law Firm, Inc. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Tacoma Avenue Dev Associates L · 21 yrs held
Tacoma Avenue Dev Associates L
since 2005
4 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%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$156 / 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
$12,252
Tax year 2024
Assessed value
$1,102,100
Assessed 2024
Previous assessed
$1,102,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$417,500
Assessed improvement
$684,600
Land market value
$417,500
Improvement market value
$684,600
Total market value
$1,102,100
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
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
1
Total area
7,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
DMU
APN
2011110020
UPID
US90-1443487
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
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Tacoma Avenue Dev Associates L
Entity
Mailing address
PO BOX 1318, TACOMA, WA 98401-1318
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2005
—
Tacoma Avenue Dev Associates L
Tacoma Avenue Dev Associates
Quit Claim Deed
related
—
Dec 13, 2004
$110,000
David B Condon
Welch,michael J
Quit Claim Deed
related
—
—
—
Tacoma Avenue Dev Associates
—
Deed Of Trust
related
$100,000 · Heritage Savings Bank Fsb
—
—
Elizabeth A Parrow
—
Deed Of Trust
related
$95,021 · Wade Parrow Construction
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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