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Property profile & analytics
OFF-MARKET
Estimated value
$12,385,000
Office Spaces
1423rd Pacific Ave, Tacoma, WA 98402
Entity Owned
~
Est. High Equity
Property ID
US90-1244326
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1907
Construction
CONCRETE
Total area
114,000 SF
Lot
0.48 ac (21,000 SF)
Zoning code
DCC
APN
2014030041
UPID
US90-1244326
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.39M
Owner & transaction history
1423 Pacific Partners LLC
1423 Pacific Partners LLC
since 2025
3 recorded transactions
Zoning & alternative use
DCC · Tacoma, 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 Tacoma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tacoma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$109 / 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
$111,080
Tax year 2024
Assessed value
$10,000,000
Assessed 2024
Previous assessed
$10,000,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,661,600
Assessed improvement
$7,338,400
Land market value
$2,661,600
Improvement market value
$7,338,400
Total market value
$10,000,000
Applied tax rate
5.0000
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
Off-Market
Year built
1907
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
10
Units
1
Total area
114,000 SF
Lot
0.48 ac (21,000 SF)
Zoning code
DCC
APN
2014030041
UPID
US90-1244326
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DCC · Tacoma, WA
Zoning DCC · permitted uses
DCC · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1907
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
10
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
1423 Pacific Partners LLC
Entity
Mailing address
PO BOX 5307, WALNUT CREEK, CA 94596-1307
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
—
1423 Pacific Partners LLC
—
Deed
related
$26,500,000 · Idaho Central Cu
Jun 1, 2004
—
1423 Pacific Partners LLC
—
Deed Of Trust
related
$11,200,000 · Cibc INC
—
—
1423 Pacific Partners LLC
—
Deed Of Trust
related
$10,000,000 · Rga Reinsurance 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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