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Property profile & analytics
FOR LEASE
Office Spaces
136 Stewart Rd SE Pacific, WA 98047
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1987778
For Lease
$8,055,000
136 Stewart Rd SE, Pacific, WA 98047
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
WOOD FRAME
Total area
883 SF
Lot
0.1 ac (4,480 SF)
APN
9009640010
UPID
US90-1987778
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
$6.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.06M
Owner & transaction history
Pacific West 5 LLC · 3 yrs held
Pacific West 5 LLC
since 2023
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
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 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
$8,990,000
ML approach
$6,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.06M
Range $7.25M – $8.86M · ±10% · vs last sale $8.20M (May 19 2023)
Last sale anchor
$8.20M
May 19 2023
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
$9,122 / 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
$2,020
Tax year 2024
Assessed value
$190,600
Assessed 2024
Previous assessed
$190,600
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$65,600
Assessed improvement
$125,000
Land market value
$65,600
Improvement market value
$125,000
Total market value
$190,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
883 SF
Lot
0.1 ac (4,480 SF)
APN
9009640010
UPID
US90-1987778
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Pacific West 5 LLC
Entity
Mailing address
12330 NORTHUP WAY, BELLEVUE, WA 98005-1915
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Pacific West 5 LLC
—
Deed
related
$300,000 · Peoples Bank
May 19, 2023
$8,200,000
Pacific West 5 LLC
A 1 II LLC
Warranty Deed
$3,800,000 · Peoples Bank
Jan 6, 2022
—
A 1 II LLC
—
Deed
related
$3,020,000 · Ashland Investments LLC
Dec 30, 2021
—
A 1 II LLC
—
Deed
related
$4,615,000 · Global Cu
Aug 5, 2019
—
A-1 II LLC
—
Grant Deed
related
$3,850,000 · Other Institutional Lenders
Oct 29, 2018
—
A-1 II LLC
—
Deed
related
$350,000 · Bank Of The West
Jun 15, 2017
—
A-1 II LLC
—
Deed
related
$350,000 · Ashland Investment LLC
Jun 9, 2017
—
A-1 II LLC
—
Grant Deed
related
$3,975,000 · Bank Of The West
Nov 30, 2015
—
A-1 II LLC
A-1 Corp INC
Quit Claim Deed
related
—
Aug 14, 2015
$3,375,000
A-1 II LLC
A-1 Corp INC
Warranty Deed
$3,375,000 · Other Institutional Lenders
—
—
A-1 II LLC
—
Deed Of Trust
related
$350,000 · Bank Of The West
—
—
A-1 II LLC
—
Deed Of Trust
related
$350,000 · Ashland Investment LLC
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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