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    Property profile & analytics
    OFF-MARKET Estimated value $3,070,000
    Warehouses

    15413 1st Ave S Ct, Tacoma, WA 98444-4606

    9,600 SF 2.85 ac lot Built 2004
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US90-1263531
    Property summary
    AI-generated overview

    This Tacoma, Washington industrial park, located at 15413 1st Ave Ct S, 98445, offers a diverse range of spaces ideal for various business needs. The property comprises five buildings totaling 29,200 square feet, situated in Pierce County. Available spaces range from 1,200 to 3,245 contiguous square feet, with a minimum divisible space of 1,200 square feet. The park currently has 3,245 square feet of vacant space. Building types include manufacturing, warehouse, flex, medical office, creative office, traditional office, and coworking spaces, catering to a wide array of businesses. The property features metal butler-style buildings with insulated, pitched roofs, high ceilings, and wide spans. Many warehouse suites include existing office build-outs. Renovations were completed in 2021. The property offers ample amenities, including trailer parking, equipment storage, and storage for vehicle fleets. Tenants are responsible for their own garbage, internet, and phone services. This prime location, conveniently situated off Pacific Avenue South, provides easy access to major transportation routes, making it an excellent choice for businesses requiring office, warehouse, storage, or light manufacturing space. The property is currently accepting serious inquiries only.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 2004
    Construction STEEL FRAME
    Total area 9,600 SF
    Lot 2.85 ac (124,146 SF)
    Zoning code CMUD
    APN 319214005
    UPID US90-1263531
    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
    • Medicine River Center Medical Clinic
    • Logistics Resource Solutions Consultant
    • PURE Property Management of Washington Real Estate Agency
    • Spanaway Industrial Park Business Park
    • Spoken Word Church - Tacoma Church
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.30M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.07M
    Owner & transaction history
    Pir First Avenue LLC · 4 yrs held
    Pir First Avenue LLC
    since 2021
    Last sale
    $2.9M
    4 recorded transactions
    2023
    2021
    $2.9M
    2018
    2000
    $200,000
    Zoning & alternative use
    CMUD · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $5.0M +74.4%
    Neighborhood: shopping center $4.1M +41.5%
    Restaurant $3.8M +30.7%
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