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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Warehouses
1309 34th E Ave 1313, Fife, WA 98424-1103
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1369232
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
WOOD FRAME
Total area
5,760 SF
Lot
1.39 ac (60,505 SF)
Zoning code
INDUSTRIAL
APN
320024088
UPID
US90-1369232
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
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.16M
Owner & transaction history
Kempwald Ents LLC · 21 yrs held
Kempwald Ents LLC
since 2005
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+0.8%
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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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%
$1,250,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,725,000
Current use
RETAIL STORES
$1,740,000
Change: +1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$1,410,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$201 / 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
$16,064
Tax year 2024
Assessed value
$1,689,900
Assessed 2024
Previous assessed
$1,689,900
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,367,800
Assessed improvement
$322,100
Land market value
$1,367,800
Improvement market value
$322,100
Total market value
$1,689,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
5,760 SF
Lot
1.39 ac (60,505 SF)
Zoning code
INDUSTRIAL
APN
320024088
UPID
US90-1369232
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL · Fife, WA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1994
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Kempwald Ents LLC
Entity
Mailing address
1313 34TH AVE E, FIFE, WA 98424-1103
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2005
—
Kempwald Ents LLC
Waldner,philip D
Quit Claim Deed
—
Aug 21, 1996
$110,000
Philip D Waldner
Waldner,ivan R & Nadia E
Grant Deed
related
$110,000 · Waldner Trust
Jul 19, 1989
$250,000
Waldner Ivan P
Unknown
Grant Deed
—
—
—
Kempwald Ents LLC
—
Deed Of Trust
related
$480,000 · Homestreet Bank
—
—
Kempwald Ents LLC
—
Deed Of Trust
related
$433,000 · Bank Of America
—
—
Philip D Waldner
—
Deed Of Trust
related
$250,000 · Seafirst Bank
—
—
Philip D Waldner
—
Deed Of Trust
related
$207,000 · Bank Of America
—
—
Kempwald Ents LLC
—
Deed Of Trust
related
$150,000 · Homestreet 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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