Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
15 Oregon Ave Tacoma, WA 98409
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2007077
For Lease
$3,465,000
15 Oregon Ave, Tacoma, WA 98409
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD FRAME
Total area
16,290 SF
Lot
1.22 ac (53,317 SF)
APN
5270002391
UPID
US90-2007077
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
-
Thrifty Automobile Insurance Marketing & Advertising
-
Sea Tac Distribution Home Appliance Store Hardware & Home Improvement
-
Jeffrey Scott McKenzie, Certified Gemologist Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Pinnacle Peak Institute II Social Service Agency Medical Clinic
-
Bright Smile Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.46M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.47M
Owner & transaction history
Oregon Avenue INC · 9 yrs held
Oregon Avenue INC
since 2017
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,745,000
6.5%
$3,460,000
7%
$3,210,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,345,000
Current use
WAREHOUSE, STORAGE
$4,290,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,160,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$3,985,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,600,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10%
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
$213 / 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
$56,042
Tax year 2024
Assessed value
$5,044,600
Assessed 2024
Previous assessed
$5,044,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,297,900
Assessed improvement
$3,746,700
Land market value
$1,297,900
Improvement market value
$3,746,700
Total market value
$5,044,600
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
For Lease
Year built
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
3
Total area
16,290 SF
Lot
1.22 ac (53,317 SF)
APN
5270002391
UPID
US90-2007077
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
3
Buildings
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Oregon Avenue INC
Entity
Mailing address
7817 OLYMPIC VW DR NW, GIG HARBOR, WA 98335-6210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2017
—
Oregon Avenue INC
Soukup LLC
Quit Claim Deed
related
—
Apr 7, 2016
—
Soukup LLC
Soukup LLC
Quit Claim Deed
related
—
Apr 7, 2016
$147,500
Soukup LLC
Jcjm LLC
Grant Deed
—
Aug 27, 2015
—
Jcjm LLC
—
Trustees Deed
related
$1,304,000 · Gc Property Options LLC
Apr 17, 2014
—
Soukup LLC
Soukup Family Trust
Quit Claim Deed
—
Apr 10, 2014
$650,000
Soukup Family Living Trust
Anderson,stephen R & Sandra L
Warranty Deed
—
Apr 9, 2014
—
Stephen R Anderson
15 Oregon Ave LLC
Quit Claim Deed
related
—
Dec 28, 2012
$1,600,000
15 Oregon Ave LLC
American West Bk
Grant Deed
—
Dec 18, 2012
—
American West Bk
Keyport Road LLC
Warranty Deed
—
Mar 1, 2012
$2,820,996
Keyport Road LLC
American West Bk
Quit Claim Deed
related
—
Dec 20, 2011
$2,820,996
American West Bk
Krohn Gary
Trustees Deed
related
—
—
—
Huntington Properties III LLC
—
Loan Modification
related
$3,146,128 · Viking Bank
—
—
Huntington Properties III LLC
—
Loan Modification
related
$3,146,128 · Viking Bank
—
—
Huntington Properties III LLC
—
Deed Of Trust
related
$245,000 · Westside Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
