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Property profile & analytics
OFF-MARKET
Estimated value
$7,065,000
Warehouses
1335 Valentine SE Ave 4 Pacific, WA 98047-2105
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0684657
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
17,000 SF
Lot
1.07 ac (46,653 SF)
Zoning code
LIGHT INDU
APN
4495400475
UPID
US90-0684657
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
$7.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
C 3 Legacy LLC · 5 yrs held
C 3 Legacy LLC
since 2021
Last sale
$6.7M
5 recorded transactions
Zoning & alternative use
LIGHT INDU · Pacific, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.8M
+131.5%
Commercial (general)
$8.9M
+91.5%
Restaurant
$8.5M
+81.7%
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 Pacific submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
$7,445,000
ML approach
$7,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,665,000
Current use
INDUSTRIAL (GENERAL)
$10,795,000
Change: +131% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,930,000
Change: +91% · Conversion: Difficult
RESTAURANT
$8,475,000
Change: +82% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,245,000
Change: +55% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,850,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$4,935,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$4,665,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$7.07M
Range $6.36M – $7.77M · ±10% · vs last sale $6.70M (Jul 12 2021)
Last sale anchor
$6.70M
Jul 12 2021
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
$416 / 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
$28,260
Tax year 2024
Assessed value
$2,500,400
Assessed 2024
Previous assessed
$2,500,400
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$933,700
Assessed improvement
$1,566,700
Land market value
$933,700
Improvement market value
$1,566,700
Total market value
$2,500,400
Applied tax rate
86.0000
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
1989
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
17,000 SF
Lot
1.07 ac (46,653 SF)
Zoning code
LIGHT INDU
APN
4495400475
UPID
US90-0684657
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
LIGHT INDU · Pacific, WA
Zoning LIGHT INDU · permitted uses
LIGHT INDU · Pacific, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RESTAURANT
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$5.9M
OFFICE BUILDING
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1989
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
C 3 Legacy LLC
Entity
Mailing address
PO BOX 1881, MILTON, WA 98354-1881
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
C 3 Legacy LLC
—
Deed
related
$2,500,000 · Heritage Southeast Bank
Jul 12, 2021
$6,700,000
C 3 Legacy LLC
Norwood Lane 1 & 2 LLC
Warranty Deed
$2,217,000 · Heritage Southeast Bank
Jan 11, 2006
—
Norwood Lane 1 & 2 LLC
Norwood,norris E & Phyllis L
Quit Claim Deed
related
—
Dec 23, 2005
—
Norris E Norwood
—
Trustees Deed
related
$200,000 · Frontier Bank
—
—
Norris E Norwood
—
Deed Of Trust
related
$300,000 · Bank Of America
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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