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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Community centers
1410 46th E Ave, Fife, WA 98424-1281
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0345768
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,992 SF
Lot
2.41 ac (104,980 SF)
Zoning code
INDUSTRIAL
APN
320017006
UPID
US90-0345768
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
$7.04M
CAP Approach
CAP
$8.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.96M
Owner & transaction history
Rj4500 LLC · 4 yrs held
Rj4500 LLC
since 2022
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fife, 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 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
$7,090,000
ML approach
$7,040,000
CAP Approach
CAP Return
Estimation
6%
$9,135,000
6.5%
$8,435,000
7%
$7,830,000
Blend value · Realmo final
$6.96M
Range $6.26M – $7.66M · ±10% · vs last sale $6.85M (May 11 2022)
Last sale anchor
$6.85M
May 11 2022
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
$183 / 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
$63,782
Tax year 2024
Assessed value
$6,711,000
Assessed 2024
Previous assessed
$6,711,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,721,600
Assessed improvement
$3,989,400
Land market value
$2,721,600
Improvement market value
$3,989,400
Total market value
$6,711,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
37,992 SF
Lot
2.41 ac (104,980 SF)
Zoning code
INDUSTRIAL
APN
320017006
UPID
US90-0345768
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.
Building & site characteristics
From public records
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Rj4500 LLC
Entity
Mailing address
7815 S TACOMA WAY, TACOMA, WA 98409-3997
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$6,850,000
Rj4500 LLC
Henson Family Limited Liability Com
Warranty Deed
—
Oct 31, 2016
$3,525,000
Henson Family LLC
Adams,bart L & Jill
Warranty Deed
$1,765,000 · Miscellaneous Ins Co
Sep 15, 2008
—
Patricia Annest
Annest,leo
Quit Claim Deed
related
—
Apr 25, 2006
—
G G R Credit Shelter Kunz
Kunz,george G R
Quit Claim Deed
related
—
Feb 20, 2004
$252,479
Bart L Adams
Johnson,marcella A
Warranty Deed
—
—
—
Annest,tr
—
Deed Of Trust
related
$815,000 · Mt Rainier National Bank
—
—
Leo Annest
—
Deed Of Trust
related
$1,800,000 · Symetra Life Insurance Co
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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