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    Property profile & analytics

    1402 108th S St Tacoma, WA 98444-2612

    • Auto shops
    • 1,575 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1624437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Polar Treats LLC / Big Box & Wholesale Store

    Property Details for 1402 108th S St

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    1,575 SF
    Zone code
    SF
    Property type
    Auto shops
    APN
    6180001380
    APU
    6180001380

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.453
    Latitude
    47.1589
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,934
    $122,300
    $44,900
    $167,200
    -
    $122,300
    $44,900
    $167,200

    Comparable in this City

    • Value Estimation
      $680,000
      13,368 SF

      10805 Pacific Ave S5g

      AUTO REPAIR, GARAGE • 13,368 SF
      10805 Pacific Ave S5g, Tacoma, WA 98444-5733
      View Details
    • Value Estimation
      $525,000
      3,784 SF

      12918 Pacific S Ave

      AUTO REPAIR, GARAGE • 3,784 SF
      12918 Pacific S Ave, Tacoma, WA 98444-5073
      View Details
    • Value Estimation by Request
      1,008 SF

      515 112th S St

      AUTO REPAIR, GARAGE • 1,008 SF
      515 112th S St, Tacoma, WA 98444-5719
      View Details
    • Value Estimation
      $905,000
      1,780 SF

      2206 96th S St

      AUTO REPAIR, GARAGE • 1,780 SF
      2206 96th S St, Tacoma, WA 98444-1755
      View Details
    • Value Estimation
      $710,000
      1,800 SF

      9446 Pacific Ave

      AUTO REPAIR, GARAGE • 1,800 SF
      9446 Pacific Ave, Tacoma, WA 98444-6240
      View Details
    • Value Estimation by Request
      4,200 SF

      13201 Pacific S Ave

      AUTO REPAIR, GARAGE • 4,200 SF
      13201 Pacific S Ave, Tacoma, WA 98444-4861
      View Details

    Similar Nearby for Sale

    • $585,000
      3,000 SF

      Auto Body Shop on Pacific

      Auto body shop with lift and paint booth for sale.
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      Commercial Building with Living Space

      Commercial building with office space and potential residential units.
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    • $727,950

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      Office space with garages in high-traffic Tacoma/Parkland area.
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    • $950,000
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      High-Traffic Commercial Property For Sale

      Corner lot with income potential in a high-traffic location.
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    • $1,349,950

      Pacific Avenue Commercial Property For Sale

      Commercial property with showrooms, storage, bays, and office space.
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    • $2,600,000
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      Parkland Commercial Building and Lot

      20,000 SF building with adjacent lot in Parkland.
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    Similar Nearby for Lease

    • Contact for pricing
      7,004 SF

      Former Auto Parts Store Available

      Auto shop with parking, yard, and highway access.
      12615 Pacific Ave S, Tacoma, WA 98444
      View Details
    • $8,002 /Mo
      7,004 SF

      Former Auto Parts Store Available

      Auto-related uses, ample parking, easy highway access.
      12615 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      2,000 SF

      Remodeled Commercial Space on Pacific

      2,000 SF commercial space with offices and showroom.
      15005 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing
      2,107 SF

      Former Tanning Salon Retail Space

      Retail space suitable for medical or other businesses.
      208-212 Garfield St S, Tacoma, WA 98444
      View Details
    • $6 SF/Yr
      3,245 SF

      Tacoma Executive Office Suites

      Prime Tacoma location, multiple suites available.
      0 S & C St, Tacoma, WA 98444
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    • Contact for pricing
      5,000 SF

      Downtown Tacoma Restaurant Space

      Renovated restaurant space in the heart of Tacoma.
      724 Pacific Ave, Tacoma, WA 98444
      View Details
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    1402 108th S St
    Tacoma, WA 98444-2612
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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