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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Automotive properties
1701 Alexander E Ave Tacoma, WA 98424-1101
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0726184
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,643 SF
Lot
8.75 ac (381,237 SF)
Zoning code
REGIONAL C
APN
320122036
UPID
US90-0726184
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
-
Stericycle Waste Management Facility Hazardous Waste Disposal
-
Clean Earth Environmental Consultant Environmental Organization
-
Porsche Tacoma Car Dealership
-
RAGS Wearable Art Clothing & Fashion Store
-
Mercedes-Benz Parts - Mercedes-Benz of Tacoma Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Rj1701 LLC · 13 yrs held
Rj1701 LLC
since 2012
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$290,770
Tax year 2024
Assessed value
$30,595,600
Assessed 2024
Previous assessed
$30,595,600
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$14,388,300
Assessed improvement
$16,207,300
Land market value
$14,388,300
Improvement market value
$16,207,300
Total market value
$30,595,600
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
9
Stories
1
Total area
20,643 SF
Lot
8.75 ac (381,237 SF)
Zoning code
REGIONAL C
APN
320122036
UPID
US90-0726184
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
2011
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
9
Lot
8.75 ac
Current owner
From public records · entity-resolved
Rj1701 LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7815 S TACOMA WAY, TACOMA, WA 98409-3997
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2012
—
Rj1701 LLC
Larson,robert S & Jennifer S
Quit Claim Deed
related
—
Feb 19, 2010
$13,500,000
Robert S Larson
Powerstroke Ventures LLC
Warranty Deed
$26,500,000 · Dcfs USA LLC
May 1, 2001
—
Powerstroke Ventures LLC
Korum Family LP
Quit Claim Deed
related
—
Dec 20, 2000
—
Powerstroke Ventures LLC
—
Deed Of Trust
related
$3,000,000 · Jerry Korum Investments
May 13, 1999
$4,330,000
Powerstroke Ventures LLC
Dolack,richard J
Grant Deed
—
—
—
Darlene L Trucco
—
Deed Of Trust
related
$10,000 · Koler Rosen & Fitzsimmons Psp
—
—
Robert Larson
—
Deed Of Trust
related
$26,500,000 · Mercedes-benz Fin'l Svcs 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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