Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1809 Stevens St Tacoma, WA 98406-3829
    Back to Search
    Property profile & analytics

    1809 Stevens St, Tacoma, WA 98406-3829

    View on Map
    • Commercial land
    • 0.15 lot acres
    Off-Market
    Property ID
    US90-1277773
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1809 Stevens St

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    0.15 lot acres
    Zone code
    R2
    Property type
    Commercial land
    APN
    7475022760
    APU
    7475022760

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 7, 2016 — Dnk Futures LLC — Deed · related $616k · Dnk Futures LLC
    Feb 21, 2012 $690,000 Dnk Futures LLC Empire Family Investments LLC Warranty Deed $630k · Empire Family Investments LLC
    May 24, 2005 — Empire Family Investments LLC Lyon,jeffrey S Quit Claim Deed · related —
    May 11, 2005 — Dyann M Lyon Jedy Quit Claim Deed · related —
    Oct 13, 1995 $60,400 Dyann M Oberbeck Lyon,marty A & Mila Quit Claim Deed · related —
    — — Jedy — Deed Of Trust · related $67k · Heritage Bank
    — — Jedy — Deed Of Trust · related $341k · Heritage Savings Bank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.496
    Latitude
    47.2661
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,723
    $244,100
    $0.00
    $244,100
    -
    $244,100
    $0.00
    $244,100

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      3602 6th Ave

      VACANT COMMERCIAL LAND
      3602 6th Ave, Tacoma, WA 98406-5450
      View Details
    • Value Estimation by Request
      0.45 Acres

      2102 Steele St

      VACANT COMMERCIAL LAND
      2102 Steele St, Tacoma, WA 98406-8213
      View Details
    • Value Estimation by Request
      3.92 Acres

      2202 Pearl St

      VACANT COMMERCIAL LAND
      2202 Pearl St, Tacoma, WA 98406
      View Details
    • Value Estimation
      $815,000
      0.14 Acres

      3518 6th Ave

      VACANT COMMERCIAL LAND
      3518 6th Ave, Tacoma, WA 98406-5419
      View Details
    • Value Estimation
      $2,265,000
      0.14 Acres

      3802 6th Ave

      VACANT COMMERCIAL LAND
      3802 6th Ave, Tacoma, WA 98406-4904
      View Details
    • Value Estimation by Request
      0.20 Acres

      3510 6th Ave

      VACANT COMMERCIAL LAND
      3510 6th Ave, Tacoma, WA 98406-5404
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Tacoma View Property

      View property in the desirable Narrows neighborhood with excellent access.
      7848 N Woodworth Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Retail/Office Building on 6th Avenue

      Retail or office space for lease in Tacoma.
      2407 6Th Avenue Ct, Tacoma, WA 98406
      View Details
    • $1,750,000

      Remodeled Retail Building, Tacoma WA

      Modern retail building in high-visibility North Tacoma location.
      3519 6Th Avenue Ct, Tacoma, WA 98406
      View Details
    • $892,750
      3,456 SF

      North Tacoma Multifamily Investment Opportunity

      Well-maintained 5-unit building in desirable North Tacoma location.
      1901 Fife St, Tacoma, WA 98406
      View Details
    • $1,300,000
      4,344 SF

      North Tacoma Mixed-Use Building

      Mixed-use building in North Tacoma with apartments and commercial spaces.
      2712 21St St, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Tacoma 6th Avenue Commercial Building

      Freestanding 1,534 SF building on 6,000 SF lot.
      3710 6Th Avenue Ct, Tacoma, WA 98406
      View Details

    Similar Nearby for Lease

    • $3,167 /Mo
      1,000 SF

      Retail Space in Proctor District

      Retail space available in Tacoma's vibrant Proctor District.
      2315 Pearl St, Tacoma, WA 98406
      View Details
    • $4,284 /Mo
      1,836 SF

      Prime Retail Space on 6th

      High-visibility retail space in a vibrant commercial corridor.
      3602 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Professional Office Suite Available

      Corner suite with private offices, conference room, and breakroom.
      5929 Westgate Blvd, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,096 SF

      Retail Space Near Highway 16

      Retail space visible from Highway 16, near Winco grocery.
      5902 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      29,080 SF

      Retail Space in Tacoma

      Retail space with great access, parking, and signage.
      5401 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space on 6th Avenue

      Retail space for rent in a great location.
      3701 6Th Ave, Tacoma, WA 98406
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1809 Stevens St
    Tacoma, WA 98406-3829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1809 Stevens St, Tacoma, WA, 98406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!