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Property profile & analytics
OFF-MARKET
Estimated value
$5,785,000
Parking lots & garages
1150 Fawcett Ave, Tacoma, WA 98402-2004
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-1187170
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2009
Construction
CONCRETE
Total area
27,070 SF
Lot
0.32 ac (13,995 SF)
Zoning code
DCC
APN
2011100141
UPID
US90-1187170
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
-
Auditorium Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.79M
Owner & transaction history
Trap Ford LLC · 9 yrs held
Trap Ford LLC
since 2017
7 recorded transactions
Zoning & alternative use
DCC · 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
$214 / 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
$15,624
Tax year 2024
Assessed value
$1,405,700
Assessed 2024
Previous assessed
$1,405,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,405,600
Assessed improvement
$100
Land market value
$1,405,600
Improvement market value
$100
Total market value
$1,405,700
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Units
87
Total area
27,070 SF
Lot
0.32 ac (13,995 SF)
Zoning code
DCC
APN
2011100141
UPID
US90-1187170
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DCC · Tacoma, WA
Zoning DCC · permitted uses
DCC · 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
2009
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
87
Lot
0.32 ac
Current owner
From public records · entity-resolved
Trap Ford LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1304 FAWCETT AVE STE #100, TACOMA, WA 98402-1900
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Trap Ford LLC
—
Deed
related
$7,200,000 · Us Bank NA
Nov 20, 2020
—
Trap-ford LLC
—
Deed
related
$5,200,000 · Us Bk
Nov 22, 2019
—
Trap-ford LLC
—
Deed
related
—
Nov 6, 2018
—
Trap-ford LLC
—
Deed
related
—
May 1, 2018
—
Trap-ford LLC
—
Loan Modification
related
$2,191,659 · Us Bk
Oct 31, 2017
—
Trap-ford LLC
—
Loan Modification
related
$17,915,985 · Us Bk
May 1, 2017
—
Trap Ford LLC
Trap Enterprises LLP
Quit Claim Deed
related
—
Jan 19, 2017
—
Trap Ents LLP
—
Loan Modification
related
$20,065,985 · Us Bk
Nov 18, 2016
—
Trap Ents LLP
—
Deed
related
—
Nov 7, 2016
—
Trap Ents LLP
—
Deed
related
—
Jan 16, 2013
—
Trap Ents LLP
—
Deed Of Trust
related
$18,744,917 · Us Bank NA
Apr 17, 2012
—
Trap Ents LLP
—
Deed Of Trust
related
$18,244,917 · Us Bank NA
Dec 27, 2010
—
Trap Ents LLP
—
Grant Deed
related
$17,785,000 · Us Bk
Apr 26, 2007
$2,500,000
Trap Ents LLP
Suetens,phil A
Warranty Deed
$2,500,000 · Pierce Commercial Bank
Oct 12, 2001
$435,000
Phil A Suetens
Two X Two LLC
Grant Deed
$775,000 · North County Bank
Oct 8, 2001
—
Two X Two LLC
Simon Johnson LLC
Quit Claim Deed
related
—
—
—
Trap Ents LLP
—
Deed Of Trust
related
—
—
—
Trap-ford LLC
—
Loan Modification
related
$5,200,000 · Us Bk
—
—
Trap Ents LLP
—
Loan Modification
related
—
—
—
Trap Ents LLP
—
Loan Modification
related
—
—
—
Trap Ents LLP
—
Loan Modification
related
$18,375,902 · Us Bk
—
—
Trap Ents LLP
—
Loan Modification
related
$3,200,000 · Us Bk
—
—
Trap-ford LLC
—
Loan Modification
related
—
—
—
Trap-ford LLC
—
Loan Modification
related
—
—
—
Trap Ents LLP
—
Loan Modification
related
—
—
—
Trap Ents LLP
—
Loan Modification
related
$400,000 · Us Bank NA
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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