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    14606 Pacific S Ave Tacoma, WA 98444-4602
    Property profile & analytics

    14606 Pacific S Ave, Tacoma, WA 98444-4602

    View on Map
    • Warehouses
    • 11,060 SF
    • 1.48 lot acres
    Off-Market
    Last Sale Apr 29, 2024
    $3,500,000
    Property ID
    US90-0961485
    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.
    Value Estimations
    $3,500,000
    Show details
    Cap Rate Potential
    4.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Preferred Skylights / Hardware & Home Improvement / Interior Design
    • Ark Northwest Pet Crematorium / Pet Cemetery
    • Spanaway Autos, Collision / Auto Repair Shop
    • Orca Granite & Stone / Building Supply / Hardware & Home Improvement
    • The Chimney Masters – Tacoma Wa / Social Service Agency

    Property Details for 14606 Pacific S Ave

    Year built
    1960
    Construction
    WOOD FRAME
    Lot size
    1.48 lot acres
    Zone code
    AC
    Property type
    Warehouses
    APN
    9830000101
    APU
    9830000101

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2024 $3,500,000 14606 Pac Ave LLC Smith Industrial Park LLC Warranty Deed $3M · Smith Industrial Park LLC
    Aug 31, 2016 — Smith Industrial Park LLC Smith,daryn H & Laura A Quit Claim Deed —
    Jan 12, 2016 — Daryn H Smith Smith D L Family Trust Quit Claim Deed · related —
    — — David L Smith — Deed Of Trust · related $255k · North Pacific Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,500,000
      ML approach
      $3,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,395,000
      6.5%
      $2,210,000
      7%
      $2,055,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,234,000
      Market price range: $1.66M - $6.94M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,315,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,780,000
      Change: +74% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,690,000
      Change: +42% Conversion: Moderate
      RESTAURANT
      $4,330,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,085,000
      Change: +23% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,410,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $3,340,000
      Change: +1% Conversion: Moderate
      MEDICAL BUILDING
      $2,705,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.436
    Latitude
    47.124
    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
    $29,227
    $1,090,900
    $898,100
    $1,989,000
    -
    $1,090,900
    $898,100
    $1,989,000

    Comparable in this City

    • Value Estimation
      $6,645,000
      64,280 SF

      9201 Pacific Ave

      MINI-WAREHOUSE, STORAGE
      9201 Pacific Ave, Tacoma, WA 98444-6235
      View Details
    • Value Estimation by Request
      2,988 SF

      14715 Pacific S Ave

      MINI-WAREHOUSE, STORAGE
      14715 Pacific S Ave, Tacoma, WA 98444-4652
      View Details
    • Value Estimation
      $1,025,000
      7,800 SF

      2000 109th S St

      WAREHOUSE, STORAGE
      2000 109th S St, Tacoma, WA 98444-8715
      View Details
    • Value Estimation
      $1,620,000
      15,000 SF

      2042 112th S St

      WAREHOUSE, STORAGE
      2042 112th S St, Tacoma, WA 98444-1537
      View Details
    • Value Estimation by Request
      3,020 SF

      13401 Pacific S Ave

      WAREHOUSE, STORAGE
      13401 Pacific S Ave, Tacoma, WA 98444-4865
      View Details
    • Value Estimation
      $900,000
      6,140 SF

      120 132nd S St

      WAREHOUSE, STORAGE
      120 132nd S St, Tacoma, WA 98444-4808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      32,200 SF Three-Building Business Park

      32,200 SF business park with high visibility and great access.
      11302 Steele St South, Tacoma, WA 98444
      View Details
    • $1,050,000
      23,958 SF

      Secured Contractor Yard with Office

      Level, secured contractor yard with remodeled office and I-5 access.
      2605 96Th St S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Three-Building Business Park For Sale

      32,200 SF business park with high visibility and great access.
      11302 Steele St South, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Land For Sale

      0.64 acre land available for sale.
      11207 B St S, Tacoma, WA 98444
      View Details
    • $2,250,000
      20,224 SF

      Parkland Commercial Building and Lot

      20,000 SF building with adjacent vacant lot for sale.
      502 112Th St S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Commercial Land with Redevelopment Potential

      Former restaurant site suitable for retail, office, or residential development.
      9825 Pacific Ave S Tacoma, Tacoma, WA 98444
      View Details

    Similar Nearby for Lease

    • $3,608 /Mo
      2,405 SF

      Second Floor Office Space Available

      Office space near PLU, minutes from SR-512.
      215 Garfield St S, Tacoma, WA 98444
      View Details
    • $3,100 /Mo
      1,550 SF

      End Cap Retail/Office Space

      End cap retail/office space in North Shops building.
      15617 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Retail Hub in Spanaway, WA

      Commercial hub with diverse retail and service options for rent.
      14918 Pacific Ave S, Parkland, WA 98444
      View Details
    • Contact for pricing

      High-Quality Office Space Available

      Office space with high-quality finishes and ample parking.
      215 Garfield St S, Tacoma, WA 98444
      View Details
    • 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
    • Contact for pricing
      1,250 SF

      Retail Space with QFC Anchor

      Retail space anchored by QFC with high traffic.
      11200 Pacific Ave S, Tacoma, WA 98444
      View Details
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    Tacoma, WA 98444-4602
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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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