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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Warehouses
1574 Thornton SW Ave Pacific, WA 98047-2114
Individually Owned
~
Est. High Equity
Property ID
US90-3099238
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
WOOD FRAME
Total area
2,880 SF
Lot
0.45 ac (19,818 SF)
Zoning code
LIGHT INDU
APN
4495400831
UPID
US90-3099238
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
$770k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$680k
Owner & transaction history
Jay Farber
Jay Farber
since 2025
6 recorded transactions
Zoning & alternative use
LIGHT INDU · Pacific, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Title 20 Zoning
Top alternative use upside
Auto repair, garage
$990,000
+25.4%
Office building
$835,000
+5.8%
Medical building
$790,000
+0.1%
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
$775,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$790,000
Current use
AUTO REPAIR, GARAGE
$990,000
Change: +25% · Conversion: Easy
OFFICE BUILDING
$835,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$765,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$236 / 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
$6,703
Tax year 2024
Assessed value
$663,100
Assessed 2024
Previous assessed
$663,100
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$442,700
Assessed improvement
$220,400
Land market value
$442,700
Improvement market value
$220,400
Total market value
$663,100
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 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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,880 SF
Lot
0.45 ac (19,818 SF)
Zoning code
LIGHT INDU
APN
4495400831
UPID
US90-3099238
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
LIGHT INDU · Pacific, WAZoning 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
Source
Title 20 Zoning
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$990,000
OFFICE BUILDING
Est. value
$835,000
MEDICAL BUILDING
Est. value
$790,000
RETAIL STORES
Est. value
$765,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2006
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Jay Farber
Individual
Mailing address
1574 THORNTON AVE SW, PACIFIC, WA 98047-2114
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Jay Farber
Tamara Fuller
Deed
—
Oct 2, 2025
—
Jay William Farber
—
Deed
related
$799,479 · Tamara Christine Farber
Feb 28, 2022
—
Pacific Construction Holdings LLC
—
Deed
related
$314,000 · Evergreen Business Capital
Jan 4, 2022
$750,000
Pacific Construction Holdings LLC
Jack R Slobodes
Warranty Deed
$383,586 · Timberland Bank
Jul 29, 2014
$374,719
Jack R Sloboden
Bernard Harrison
Warranty Deed
$318,700 · Umpqua Bank
Mar 9, 2004
—
Barney Harrison
Hall,bernadine F
Quit Claim Deed
related
$105,200 · Loancity Com
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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