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Property profile & analytics
OFF-MARKET
Estimated value
$6,225,000
Retail space
15615 Pacific S Ave, Tacoma, WA 98444-4609
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1107335
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,286 SF
Lot
3.31 ac (144,184 SF)
Zoning code
CMUD
APN
319213020
UPID
US90-1107335
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
-
Tractor Supply Co. Pet Store & Service
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.35M
Comparable Approach
Comparable
$8.12M
Blend (final)
Blend
$6.23M
Owner & transaction history
Jfp Ag/mustang LLC · 10 yrs held
Jfp Ag/mustang LLC
since 2015
7 recorded transactions
Zoning & alternative use
CMUD · 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%
$6,875,000
6.5%
$6,345,000
7%
$5,895,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,355,000
Current use
WAREHOUSE, STORAGE
$10,275,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$8,390,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.23M
Range $5.60M – $6.85M · ±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
$182 / 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
$65,010
Tax year 2024
Assessed value
$4,665,700
Assessed 2024
Previous assessed
$4,665,700
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,498,000
Assessed improvement
$3,167,700
Land market value
$1,498,000
Improvement market value
$3,167,700
Total market value
$4,665,700
Applied tax rate
591.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
34,286 SF
Lot
3.31 ac (144,184 SF)
Zoning code
CMUD
APN
319213020
UPID
US90-1107335
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CMUD · Tacoma, WA
Zoning CMUD · permitted uses
CMUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.4M
WAREHOUSE, STORAGE
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$8.4M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Jfp Ag/mustang LLC
Entity
Mailing address
12301 GARWOOD DEAN, TRUCKEE, CA 96161-5136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2015
$2,999,719
Jfp Ag/mustang LLC
Alamo Nw LLC
Bargain And Sale Deed
$2,670,000 · Comerica Bank
Jun 10, 2014
—
Christopher A Jones
Chiam,sou
Quit Claim Deed
related
—
Jun 10, 2014
$1,800,000
Alamo Nw LLC
Jones,robert W & Lavina R
Grant Deed
$1,170,000 · Pbrelf I LLC
Dec 31, 2012
—
Christopher A Jones
Jones,robert W & Lavina R
Quit Claim Deed
related
—
Feb 16, 2012
—
Robert W Jones
Ranex Leasing LLC
Quit Claim Deed
related
—
Jan 5, 2005
$3,450,000
Ranex Leasing LLC
Spanaway Village
Warranty Deed
—
Nov 30, 2001
—
Spanaway Village LP
—
Trustees Deed
related
$1,800,000 · Pacific Northwest Bank
Sep 22, 1998
$1,150,000
Spanaway Village LP
Us Bank
Grant Deed
—
Sep 12, 1997
$7,200,000
American Foreclosure Corp
Ernst Home Center INC
Trustees Deed
—
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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