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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Flex space
1517 Tacoma Way Tacoma, WA 98409-7948
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1798133
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1925
Construction
WOOD FRAME
Total area
12,600 SF
Lot
0.43 ac (18,700 SF)
Zoning code
M2
APN
7105000300
UPID
US90-1798133
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
-
Tacoma Airsoft Center (Bike/Boat/Book/etc) Store
-
Cabinet Maker Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.05M
Owner & transaction history
1517 5 Tacoma LLC · 7 yrs held
1517 5 Tacoma LLC
since 2018
7 recorded transactions
Zoning & alternative use
M2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$83 / 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
$7,256
Tax year 2024
Assessed value
$652,300
Assessed 2024
Previous assessed
$652,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$287,600
Assessed improvement
$364,700
Land market value
$287,600
Improvement market value
$364,700
Total market value
$652,300
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
1925
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
2
Units
1
Total area
12,600 SF
Lot
0.43 ac (18,700 SF)
Zoning code
M2
APN
7105000300
UPID
US90-1798133
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Tacoma, WA
Zoning M2 · permitted uses
M2 · 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
1925
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Buildings
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
1517 5 Tacoma LLC
Entity
Mailing address
6002 MCKINLEY AVE STE A, TACOMA, WA 98404-2349
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
1517 S Tacoma LLC
—
Deed
related
$2,300,000 · David Sizemore
May 23, 2022
—
1517 S Tacoma LLC
—
Deed
related
$3,300,000 · First Citizens Bank & Trust Co
Feb 19, 2019
—
1517 S Tacoma LLC
—
Deed
related
$1,055,351 · First Citizens Bk
Dec 24, 2018
—
1517 5 Tacoma LLC
David E Sizemore
Quit Claim Deed
related
$876,807 · First Citizens Bank And Trust Co INC
Oct 24, 2016
—
David E Sizemore
—
Deed
related
$230,000 · Commencement Bank
May 16, 2008
—
David E Sizemore
Sizemore,judy P
Quit Claim Deed
related
—
Mar 31, 2006
$825,000
David E Sizemore
Macdonald Building Co LLC
Warranty Deed
$412,500 · Key Bank NA
—
—
1517 S Tacoma LLC
—
Loan Modification
related
$1,055,351 · First Citizens Bk
—
—
David E Sizemore
—
Deed Of Trust
related
$343,000 · Rural Housing & Community Dev
—
—
David Sizemore
—
Deed Of Trust
related
$835,000 · Commencement Bank
—
—
David E Sizemore
—
Deed Of Trust
related
$412,500 · Key Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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