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Property profile & analytics
OFF-MARKET
Industrial land
1222 46th E Ave, Tacoma, WA 98424-1206
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1100452
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot
2.57 ac (112,080 SF)
Zoning code
INDUSTRIAL
APN
320017007
UPID
US90-1100452
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
-
Omega Morgan-Seattle Trucking Company
-
Tim bookpublish Publishing House Printing Service
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
1222 46 Avenue East Fife LLC · 10 yrs held
1222 46 Avenue East Fife LLC
since 2015
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · 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
$16,238
Tax year 2024
Assessed value
$1,708,200
Assessed 2024
Previous assessed
$1,708,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,708,200
Land market value
$1,708,200
Total market value
$1,708,200
Applied tax rate
66.0000
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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.57 ac (112,080 SF)
Zoning code
INDUSTRIAL
APN
320017007
UPID
US90-1100452
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL · Tacoma, WA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · 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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
2.57 ac
Current owner
From public records · entity-resolved
1222 46 Avenue East Fife LLC
Entity
Mailing address
421 N 20TH AVE, YAKIMA, WA 98902-1836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2015
$5,149,719
1222 46 Avenue East Fife LLC
Lemay Investments LLC
Warranty Deed
$3,240,000 · Washington Trust Bank
Dec 31, 2012
$3,370,000
Lemay Investments LLC
Anderson Futures LP
Grant Deed
$1,685,000 · Timberland Bank
Apr 14, 2011
—
Futures LP Anderson
—
Deed Of Trust
related
$1,200,000 · Columbia State Bank
Jun 30, 2006
$3,145,000
Futures Anderson
Simon,herb B
Warranty Deed
—
Oct 13, 2004
—
Herb B Simon
Simon Johnson-fife LLC
Quit Claim Deed
related
—
Feb 9, 1996
$1,400,000
Simon Johnson-fife LLC
Korea Exchange Bank
Grant Deed
$1,750,000 · First Interstate Bank Washingt
Feb 22, 1990
$2,085,000
Jd Bertolini Industries Ltd
Unknown
Grant Deed
—
—
—
Lemay Investments LLC
—
Deed Of Trust
related
$1,685,000 · Timberland Bank
—
—
Simon/johnson LLC
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank
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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