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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Automotive properties
1602 40th Ave Ct E1-2 Tacoma, WA 98424-1115
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-0900648
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,510 SF
Lot
3.08 ac (134,165 SF)
Zoning code
REGIONAL C
APN
320017013
UPID
US90-0900648
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
-
Volvo Cars Tacoma Car Dealership
-
Abra Auto Body & Glass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.18M
Owner & transaction history
Ob Fife Property II LLC · 21 yrs held
Ob Fife Property II LLC
since 2005
7 recorded transactions
Zoning & alternative use
REGIONAL C · Tacoma, WA
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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$138 / 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
$68,490
Tax year 2024
Assessed value
$7,206,400
Assessed 2024
Previous assessed
$7,206,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,853,500
Assessed improvement
$2,352,900
Land market value
$4,853,500
Improvement market value
$2,352,900
Total market value
$7,206,400
Applied tax rate
66.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
8,510 SF
Lot
3.08 ac (134,165 SF)
Zoning code
REGIONAL C
APN
320017013
UPID
US90-0900648
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
REGIONAL C · Tacoma, WAZoning REGIONAL C · permitted uses
REGIONAL C · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Ob Fife Property II LLC
Entity
Mailing address
PO BOX 726, BELLEVUE, WA 98009-0726
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2017
—
Ob Fife Property II LLC
—
Deed
related
$4,056,000 · Toyota Motor Credit
May 28, 2009
—
Ob Fife Property II LLC
—
Deed Of Trust
related
$3,000,000 · Baybank
Mar 28, 2008
—
Ob Fife Property II LLC
—
Deed Of Trust
related
$3,950,000 · Wells Fargo Bank
Dec 19, 2007
—
Ob Fife Property II LLC
—
Deed Of Trust
related
$7,550,000 · Wells Fargo Bank
Jan 28, 2005
—
Ob Fife Property II LLC
O B Fife Property II LLC
Quit Claim Deed
related
—
Jul 14, 2004
—
O B Fife Property II LLC
O B Goldau One Properties LLC
Quit Claim Deed
related
—
Jun 17, 1999
—
Ob Goldau One Propertie O'brien
Obrien,michael P
Quit Claim Deed
related
—
Jan 11, 1999
$1,336,316
Michael P O'brien
Fife Trust
Grant Deed
—
—
—
Ob Fife Property II LLC
—
Deed Of Trust
related
$4,056,000 · Toyota Motor Credit
—
—
O B Goldau One Properties LLC
—
Deed Of Trust
related
$3,800,000 · Us 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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