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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Flex space
1512 Thornton SW Ave 4, Pacific, WA 98047-2114
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1043158
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
WOOD FRAME
Total area
7,200 SF
Lot
2.12 ac (92,347 SF)
Zoning code
LIGHT INDU
APN
4495400815
UPID
US90-1043158
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
$1.12M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$970k
Owner & transaction history
Scroggins Property Mgmt LLC · 8 yrs held
Scroggins Property Mgmt LLC
since 2018
7 recorded transactions
Zoning & alternative use
LIGHT INDU · Pacific, 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 Pacific submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$135 / 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
$23,820
Tax year 2024
Assessed value
$2,297,900
Assessed 2024
Previous assessed
$2,297,900
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,921,800
Assessed improvement
$376,100
Land market value
$1,921,800
Improvement market value
$376,100
Total market value
$2,297,900
Applied tax rate
86.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1990
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
7,200 SF
Lot
2.12 ac (92,347 SF)
Zoning code
LIGHT INDU
APN
4495400815
UPID
US90-1043158
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
LIGHT INDU · Pacific, WA
Zoning LIGHT INDU · permitted uses
LIGHT INDU · Pacific, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Scroggins Property Mgmt LLC
Entity
Mailing address
1512 THORNTON AVE SW, PACIFIC, WA 98047-2114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2025
—
Scroggins Property Management LLC
—
Deed
related
$1,500,000 · Timberland Bank
Dec 31, 2024
—
Scroggins Property Management LLC
—
Deed
related
$400,000 · Red Canoe Cu
Feb 8, 2024
—
Scroggins Property Management LLC
—
Deed
related
$1,300,000 · Red Canoe Cu
Nov 4, 2022
—
Scroggins Property Management LLC
—
Deed
related
$950,000 · Red Canoe Cu
Mar 20, 2018
—
Scroggins Property Mgmt LLC
Scroggins Puget Sound LP
Quit Claim Deed
related
—
Dec 22, 2017
—
Scroggins Property Mgmt LLC
Scroggins Puget Sound LP
Quit Claim Deed
related
—
Oct 2, 2017
—
Scroggins Puget Sound LP
—
Deed
related
$790,000 · Red Canoe Cu
Sep 2, 2008
—
Puget Sound Scroggins
—
Deed Of Trust
related
$1,900,000 · Bank Of Tacoma
Jul 22, 2008
—
Puget Sound Scroggins
—
Deed Of Trust
related
$1,900,000 · Bank Of Tacoma
Feb 9, 2007
—
Puget Sound Scroggins
Scroggins,kenneth R & Anita J
Quit Claim Deed
—
Jul 7, 1988
$110,000
Kenneth R Scroggins
Unknown
Grant Deed
$90,200 · Western Community Bank
—
—
Puget Sound Scroggins
—
Deed Of Trust
related
$500,000 · Bank Of Tacoma
—
—
Scroggins Puget Sound LP
—
Deed Of Trust
related
$400,000 · Red Canoe Cu
—
—
Scroggins Puget Sound LP
—
Deed Of Trust
related
$500,000 · Red Canoe Cu
—
—
Puget Sound LP Scroggins
—
Deed Of Trust
related
$400,000 · Woodstone Cu
—
—
Puget Sound LP Scroggins
—
Deed Of Trust
related
$350,000 · Woodstone Cu
—
—
Kenneth R Scroggins
—
Deed Of Trust
related
$500,000 · Columbia State Bank
—
—
Kenneth R Sroggins
—
Deed Of Trust
related
$900,000 · Charter Bank
—
—
Kenneth R Scroggins
—
Deed Of Trust
related
$438,576 · Charter Bank
—
—
Kenneth R Scroggins
—
Deed Of Trust
related
$700,000 · Bank Of Everett
—
—
Kenneth R Scroggins
—
Deed Of Trust
related
$350,000 · Charter Bank
—
—
Scroggins Puget Sound LP
—
Deed Of Trust
related
$790,000 · Red Canoe Cu
—
—
Kenneth R Scroggins
—
Deed Of Trust
related
$515,000 · Sterling Savings 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.
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