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Property profile & analytics
OFF-MARKET
Flex space
1427 26th St Tacoma, WA 98421-2311
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0925071
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
WOOD FRAME
Total area
1,920 SF
Lot
2.11 ac (91,912 SF)
Zoning code
M1
APN
4715010811
UPID
US90-0925071
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
Current use
Occupant on record · Public records
-
Raceways Technology Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raceways Technology Building LLC · 4 yrs held
Raceways Technology Building LLC
since 2022
6 recorded transactions
Zoning & alternative use
M1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-1: Light Industrial District The M -1 District is intended to serve as a buffer between heavier industrial areas and less intensive commercial/residential areas of the City. The maximum building height in this district is 75 feet.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
141.13 ac
Source
Ordinance Table
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
—
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
$42,823
Tax year 2024
Assessed value
$3,854,500
Assessed 2024
Previous assessed
$3,854,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,290,000
Assessed improvement
$1,564,500
Land market value
$2,290,000
Improvement market value
$1,564,500
Total market value
$3,854,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
SPACE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Total area
1,920 SF
Lot
2.11 ac (91,912 SF)
Zoning code
M1
APN
4715010811
UPID
US90-0925071
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Tacoma, WAZoning M1 · permitted uses
M1 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-1: Light Industrial District The M -1 District is intended to serve as a buffer between heavier industrial areas and less intensive commercial/residential areas of the City. The maximum building height in this district is 75 feet.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
141.13 ac
Source
Ordinance Table
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Raceways Technology Building LLC
Entity
Mailing address
PO BOX 1916, TACOMA, WA 98401-1916
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
—
Raceways Technology Building LLC
—
Deed
related
$3,202,500 · 1st Security Bank Of Washington
Nov 15, 2017
—
Raceways Technology Building L
—
Deed
related
$475,000 · Umpqua Bk
—
—
Technology Building L Raceways
—
Deed Of Trust
related
$275,000 · First Citizens Bank & Trust Co
—
—
Technology Building L Raceways
—
Deed Of Trust
related
$1,311,000 · Umpqua Bank
—
—
Technology Building L Raceways
—
Deed Of Trust
related
$1,371,500 · First Citizens Bank & Trust Co
—
—
Raceways Technology Building L
—
Loan Modification
related
$475,000 · Umpqua Bk
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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