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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Automotive properties
1700 Alexander E Ave Tacoma, WA 98424-1126
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-1088500
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1999
Construction
STEEL FRAME
Total area
9,996 SF
Lot
3.09 ac (134,383 SF)
Zoning code
REGIONAL C
APN
320126020
UPID
US90-1088500
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
-
Larson Luxury Car Dealership
-
Larson Vans-Service Department Auto Repair Shop
-
Larson Apprenticeship Academy Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.13M
Owner & transaction history
Rj1700 LLC · 13 yrs held
Rj1700 LLC
since 2012
6 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
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$113 / 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
$56,736
Tax year 2024
Assessed value
$5,969,600
Assessed 2024
Previous assessed
$5,969,600
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,768,600
Assessed improvement
$2,201,000
Land market value
$3,768,600
Improvement market value
$2,201,000
Total market value
$5,969,600
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
1999
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Total area
9,996 SF
Lot
3.09 ac (134,383 SF)
Zoning code
REGIONAL C
APN
320126020
UPID
US90-1088500
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
1999
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.09 ac
Current owner
From public records · entity-resolved
Rj1700 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7815 S TACOMA WAY, TACOMA, WA 98409-3997
Ownership since
2012
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 17, 2012
—
Rj1700 LLC
Larson,robert S & Jennifer S
Quit Claim Deed
related
—
Oct 5, 2012
—
Robert S Larson
Fife Automotive LLC
Grant Deed
related
—
Sep 11, 2012
—
Rj1700 LLC
Larson,robert S & Jennifer S
Quit Claim Deed
related
—
Aug 29, 2008
$8,000,000
Robert S Larson
Fife Automotive LLC
Warranty Deed
—
Dec 7, 2001
—
Fife Automotive LLC
—
Deed Of Trust
related
$1,250,000 · Nissan Motor Acceptance Corp
—
—
Fife Automotive LLC
—
Deed Of Trust
related
$3,120 · Key Bank NA
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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