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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Warehouses
16509 A S St Spanaway, WA 98387-8278
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1059201
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
WOOD FRAME
Total area
16,081 SF
Lot
0.52 ac (22,500 SF)
Zoning code
MSF
APN
7635000070
UPID
US90-1059201
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
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
S & M Real Property Investments LLC · 4 yrs held
S & M Real Property Investments LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MSF · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
$1,500,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.35M (Oct 1 2021)
Last sale anchor
$1.35M
Oct 1 2021
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
$89 / 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
$18,376
Tax year 2024
Assessed value
$1,326,100
Assessed 2024
Previous assessed
$1,326,100
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$306,200
Assessed improvement
$1,019,900
Land market value
$306,200
Improvement market value
$1,019,900
Total market value
$1,326,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Total area
16,081 SF
Lot
0.52 ac (22,500 SF)
Zoning code
MSF
APN
7635000070
UPID
US90-1059201
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MSF · Spanaway, WA
Zoning MSF · permitted uses
MSF · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spanaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
S & M Real Property Investments LLC
Entity
Mailing address
1117 BROADWAY STE #500, TACOMA, WA 98402-3508
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
S & M Real Property Investments LLC
—
Deed
related
$1,400,000 · Commencement Bank
Oct 1, 2021
$1,350,000
S & M Real Property Investments LLC
Reed H Emmons
Warranty Deed
$726,300 · Commencement Bank
Jun 28, 2016
—
Reed H Emmons
—
Deed
related
$70,000 · Keybank USA
Aug 14, 1995
$262,500
Reed Emmons
Barton Lab Trustee
Grant Deed
$180,000 · Seller
Aug 9, 1989
$168,000
Nagle,george C Trustee
Unknown
Grant Deed
$137,760 · Seller
—
—
Reed H Emmons
—
Deed Of Trust
related
$70,000 · Keybank USA
—
—
Reed Emmons
—
Deed Of Trust
related
$102,000 · First Community Bank Washingto
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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