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Property profile & analytics
OFF-MARKET
Industrial land
1119 11th St, Tacoma, WA 98405-4018
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0329047
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1978
Construction
WOOD FRAME
Lot
0.3 ac (13,000 SF)
Zoning code
NCX
APN
2010230050
UPID
US90-0329047
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
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
$12
Tax year 2024
Assessed value
$486,200
Assessed 2024
Previous assessed
$486,200
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$486,200
Land market value
$486,200
Total market value
$486,200
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
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
NONE
Lot
0.3 ac (13,000 SF)
Zoning code
NCX
APN
2010230050
UPID
US90-0329047
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
1978
Construction
WOOD FRAME
Heating
NONE
Lot
0.3 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
10 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
$900,000 · Tacoma Community Redevelopment Authority
Jan 19, 2018
—
Alberta J Canada Lllp
—
Grant Deed
related
$7,500,000 · Banner Bk
Jan 6, 2017
$1,570,650
Housing Authority Of City & Tacoma
Mlk New Look LLC
Quit Claim Deed
related
$480,650 · Redevelopment Agcy
Jun 30, 2000
—
Mlk New Look LLC
—
Grant Deed
related
$2,600,000 · Key Bank NA
Nov 17, 1999
$494,444
New Look LLC
Consumer Merchandising INC
Grant Deed
$411,283 · Seller
Jun 22, 1999
$3,024
Consumer Merchandising INC
Stephens,martha J
Quit Claim Deed
related
—
May 31, 1988
$24,000
Consumer Merchandising INC
Unknown
Grant Deed
$21,840 · Seller
—
—
Alberta J Canada Lllp
—
Deed Of Trust
related
$463,000 · Housing Authority/city/tacoma
—
—
New Look Mlk
—
Deed Of Trust
related
$38,000 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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