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Property profile & analytics
OFF-MARKET
Estimated value
$11,030,000
Warehouses
1440 Prt Of Tacoma Rd 21416 Tacoma, WA 98421-3704
Trust Owned
Absentee Owner
Free & Clear
Property ID
US90-2972927
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
89,880 SF
Lot
10.27 ac (447,361 SF)
Zoning code
PMI
APN
6965000340
UPID
US90-2972927
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
-
WM - JMK Fibers Recycling Center Recycling Center Waste Management 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
$11.03M
Owner & transaction history
Kevin And Kelly Willis Trust
Kevin And Kelly Willis Trust
since 2026
7 recorded transactions
Zoning & alternative use
PMI · 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
$123 / 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
$138,852
Tax year 2024
Assessed value
$12,500,200
Assessed 2024
Previous assessed
$12,500,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$11,374,800
Assessed improvement
$1,125,400
Land market value
$11,374,800
Improvement market value
$1,125,400
Total market value
$12,500,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
1
Total area
89,880 SF
Lot
10.27 ac (447,361 SF)
Zoning code
PMI
APN
6965000340
UPID
US90-2972927
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
PMI · Tacoma, WA
Zoning PMI · permitted uses
PMI · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
1
Lot
10.27 ac
Current owner
From public records · entity-resolved
Kevin And Kelly Willis Trust
Trust
Free & Clear · 0 yrs held
Mailing address
2715 185TH AVE E, LAKE TAPPS, WA 98391-9474
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
Kevin And Kelly Willis Trust
Willis Kelly
Deed
related
—
Oct 16, 2025
—
Benjamin Foss Campbell
Benjamin Foss Campbell
Deed
related
—
Sep 5, 2025
—
Ashleigh Prince
Robert Dale Leinbach
Personal Rep. Deed
—
Aug 29, 2025
—
Robert Dale Leinbach
James Robert Prince
Personal Rep. Deed
—
Jul 17, 2025
—
The Kevin And Kelly Willis Trust
Kelly A Willis
Deed
related
—
Jul 2, 2025
—
Johnson Family Trust
Kelly A Willis
Deed
related
—
Jun 5, 2025
—
Mlc Tatco LLC
Mary Lynne Connor
Quitclaim Deed
related
—
Sep 4, 2024
—
The Blauert Family Trust
Sandra F Blauert
Intrafamily Transfer
related
—
Feb 1, 2023
—
Stephen Patrick Connor
Mary Lynne Connor
Transfer On Death Deed
related
—
Aug 5, 2020
—
Jg Gee LLC
James Gee
Quit Claim Deed
—
Mar 31, 2009
—
John S Cowan
Cowan Stanley R
Quit Claim Deed
related
—
Jan 16, 2008
$70,000
Richard T Roats
Roats,brian E
Quit Claim Deed
related
—
Apr 3, 2006
—
Suzanne E Borgen
Roats,janet F
Quit Claim Deed
related
—
Dec 22, 2005
—
James R Lamson
White Alfred W Trust
Quit Claim Deed
related
—
Jan 31, 2005
—
James R Gee
Gee William H Trust
Quit Claim Deed
related
—
Jan 18, 2005
—
James R Gee
Gee,helen M
Quit Claim Deed
—
Aug 15, 1996
—
John S Cowan
White Trust
Quit Claim Deed
related
—
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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