Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1132 Thorne Rd Tacoma, WA 98421-3202

    • Manufacturing properties
    • 6,400 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0058296
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • JOY Inc. Excavation / General Contractor / Construction Company
    • Rush Truck and Trailer Repair / Auto Repair Shop

    Property Details for 1132 Thorne Rd

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    0.41 lot acres
    Property size
    6,400 SF
    Zone code
    PMI
    Property type
    Manufacturing properties
    APN
    6965000504
    APU
    6965000504

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.41
    Latitude
    47.264
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11
    $484,800
    $9,500
    $494,300
    -
    $484,800
    $9,500
    $494,300

    Comparable in this City

    • Value Estimation
      $755,000
      4.20 Acres

      1901 Stewart St

      LUMBER & WOOD PRODUCT MFG • 4.20 Acres
      1901 Stewart St, Tacoma, WA 98421-2908
      View Details
    • Value Estimation
      $33,250,000
      43.20 Acres

      1640 Marc Ave

      LUMBER & WOOD PRODUCT MFG • 43.20 Acres
      1640 Marc Ave, Tacoma, WA 98421-2939
      View Details
    • Value Estimation
      $5,505,000
      3.41 Acres

      401 15th St

      FOUNDRY, INDUSTRIAL PLANT • 3.41 Acres
      401 15th St, Tacoma, WA 98421-1601
      View Details
    • Value Estimation by Request
      0.08 Acres

      319 25th St

      FOOD PROCESSING • 0.08 Acres
      319 25th St, Tacoma, WA 98421-1398
      View Details
    • Value Estimation
      $5,475,000
      0.80 Acres

      401 15th St

      FOUNDRY, INDUSTRIAL PLANT • 0.80 Acres
      401 15th St, Tacoma, WA 98421-1601
      View Details
    • Value Estimation by Request
      2 SF

      701 D St

      FOUNDRY, INDUSTRIAL PLANT • 2 SF
      701 D St, Tacoma, WA 98421-1811
      View Details

    Similar Nearby for Sale

    • $1,350,000
      7,432 SF

      Tacoma Industrial Building with Yard

      7,432 SF industrial building with remodeled office space and yard.
      1904 Stewart St, Tacoma, WA 98421
      View Details
    • $13,200,000
      98,300 SF

      Tacoma Manufacturing Facility - $13.2M

      98,300 SF Manufacturing Building, Tacoma, WA
      1815 D St, Tacoma, WA 98421
      View Details
    • $2,200,000
      5,648 SF

      Multi-Tenant Building Near Tacoma Dome

      Stabilized, multi-tenant building and parking lot near Tacoma Dome.
      409 26Th St, Tacoma, WA 98421
      View Details
    • Contact for pricing
      4,240 SF

      Downtown Tacoma Retail/Warehouse Space

      Retail/warehouse space in downtown Tacoma with high visibility.
      102 Puyallup Ave, Tacoma, WA 98421
      View Details
    • $3,100,000

      Tacoma Industrial Land with Rail

      1.67 acre industrial land with rail access in Tacoma.
      567 18Th St, Tacoma, WA 98421
      View Details
    • $3,950,000
      64,469 SF

      Prime Land Near Tacoma Dome

      1.48 acres of M1/M2 zoned land for sale.
      2620 L St, Tacoma, WA 98421
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      52,116 SF

      Industrial Facility with Rail Access

      Prime manufacturing/distribution facility in the Port of Tacoma with rail access.
      1510 St. Paul Ave, Tacoma, WA 98421
      View Details
    • Contact for pricing
      52,116 SF

      Port of Tacoma Manufacturing Facility

      Manufacturing facility with rail access in the Port of Tacoma.
      1510 St Paul Ave, Tacoma, WA 98421
      View Details
    • $0.90 SF/Yr
      86,600 SF

      Fenced Storage Yard with Rail

      Tacoma warehouse with fenced yard and rail access.
      2330 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • Contact for pricing
      225,972 SF

      Fife Warehouse Space Available

      225972 square foot warehouse space for rent in Fife.
      7450 26Th St E, Fife, WA 98421
      View Details
    • $5 SF/Yr
      9,700 SF

      Tacoma Warehouse with Loading Docks

      9,700± SF warehouse with 29 loading positions for lease.
      1955 Lincoln Ave, Tacoma, WA 98421
      View Details
    • Contact for pricing
      220,429 SF

      Tacoma Warehouse Space Available

      220,429 SF warehouse space for lease in Tacoma, WA.
      2608 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1132 Thorne Rd
    Tacoma, WA 98421-3202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.