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Property profile & analytics
OFF-MARKET
Estimated value
$4,145,000
Retail space
11105 Steele S St, Tacoma, WA 98444-8700
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1396871
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
STEEL FRAME
Total area
26,032 SF
Lot
2.17 ac (94,525 SF)
Zoning code
CE
APN
319064022
UPID
US90-1396871
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
-
Marek Industries Painting Service General Contractor
-
Full Throttle Auto Sales Car Dealership
-
Farmers Insurance - Juan Savallos Insurance Agency
-
James Auto Works Volvo Repair Auto Repair Shop
-
Full Throttle Auto Collision & Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.82M
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$4.15M
Owner & transaction history
Prime Storage Steele Street S · 6 yrs held
Prime Storage Steele Street S
since 2020
7 recorded transactions
Zoning & alternative use
CE · 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%
$5,220,000
6.5%
$4,820,000
7%
$4,475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,370,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±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
$47,140
Tax year 2024
Assessed value
$3,969,700
Assessed 2024
Previous assessed
$3,969,700
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,315,800
Assessed improvement
$2,653,900
Land market value
$1,315,800
Improvement market value
$2,653,900
Total market value
$3,969,700
Applied tax rate
450.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
26,032 SF
Lot
2.17 ac (94,525 SF)
Zoning code
CE
APN
319064022
UPID
US90-1396871
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Tacoma, WA
Zoning CE · permitted uses
CE · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$6.4M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.17 ac
Current owner
From public records · entity-resolved
Prime Storage Steele Street S
Individual
Mailing address
83 RAILROAD PL #85, SARATOGA SPRINGS, NY 12866-2124
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Prime Storage Steele Street South T
—
Deed
related
—
Feb 12, 2020
$2,321,400
Prime Storage Steele Street S
Steele Plaza LLC
Grant Deed
$19,525,000 · Lmf Commercial LLC
Mar 15, 2017
—
Pierce Cnty
Steele Plaza LLC
Quit Claim Deed
—
Apr 15, 2015
$690,000
Steele Plaza LLC
Steele Street Plaza LLC
Grant Deed
—
Oct 11, 2007
—
Steele Street Plaza LLC
Merlino Mary Jo Court LLC
Warranty Deed
—
Sep 3, 2003
—
Merlino Mary Jo Court LLC
Merlino,paul L
Quit Claim Deed
related
—
—
—
Steele Street Plaza LLC
—
Deed Of Trust
related
$924,000 · Bank Of America
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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