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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
1690 Marine Vw Dr, Tacoma, WA 98422-4194
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3086411
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
WOOD FRAME
Total area
5,008 SF
Lot
2.4 ac (104,544 SF)
Zoning code
S10
APN
321364022
UPID
US90-3086411
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
-
Alaska Ice Seafoods Take-out & Catering Fish Market
-
Fathom Seafood Take-out & Catering Fish Market
-
J G Marine Supply (Bike/Boat/Book/etc) Store
-
Full Service Marine Repair (Bike/Boat/Book/etc) Store
-
All Ready Moving & Storage - Tacoma Movers Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$815k
Owner & transaction history
Alaska Ice Properties LLC · 9 yrs held
Alaska Ice Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
S10 · 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%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,225,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$163 / 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
$33,480
Tax year 2024
Assessed value
$3,013,300
Assessed 2024
Previous assessed
$3,013,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,057,400
Assessed improvement
$955,900
Land market value
$2,057,400
Improvement market value
$955,900
Total market value
$3,013,300
Applied tax rate
5.0000
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
1966
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Total area
5,008 SF
Lot
2.4 ac (104,544 SF)
Zoning code
S10
APN
321364022
UPID
US90-3086411
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
S10 · Tacoma, WA
Zoning S10 · permitted uses
S10 · 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
MEDICAL BUILDING
Est. value
$1.2M
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
1966
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Alaska Ice Properties LLC
Entity
Mailing address
1690 MARINE VW DR STE C, TACOMA, WA 98422-4194
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
—
Alaska Ice Properties LLC
—
Deed
related
$2,400,000 · Keybank USA
Apr 27, 2017
$1,770,000
Alaska Ice Properties LLC
Aleutian Properties LLC
Grant Deed
$1,275,000 · Keybank USA
Nov 15, 2011
—
Aleutian Properties LLC
Aleutian Spray Fisheries INC
Quit Claim Deed
related
—
Oct 15, 2008
$2,600,000
Asf-mason Marine Dev-tacoma Ll
Way Conn Properties INC
Grant Deed
$2,100,000 · Pacific Exchange Corp
—
—
Alaska Ice Properties LLC
—
Deed Of Trust
related
$2,400,000 · Keybank USA
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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