Financial
Distress signals
Property profile

1815 E D St Tacoma, WA 98421

FOR SALE
Flex space
Property ID
US90-1591649
68,300 SF 2.7 ac lot Built 1949
Last sale Sep 2018 · $71,219
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 98,300-square-foot Class B manufacturing facility in Tacoma, Washington, presents a compelling owner-user investment opportunity. Located at 1815 E D St, 98421, this single-unit building sits on a 2.7-acre lot and boasts 20-foot ceilings, providing ample space for various manufacturing operations. The property features ten loading docks and ten dock-high doors, ensuring efficient material handling and logistics. The asking price is $13,200,000, translating to $134.28 per

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$76k
Tax billed · 2024
Assessed value$6.84M
Assessed land$2.88M
Assessed improvement$3.96M
Effective rate1.11%

Value estimate

· Sep 2026
$5.95M
$5.36M – $6.55M
NOI build-up
Gross scheduled income$1.64M
Vacancy & credit loss−$136k
Operating expenses−$451k
NOI · 8.21% cap applied$1.05M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$168/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$125 – $298

Cap rate analysis

How does the asset earn?
8.21%
$1.05M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M2
M-2 Heavy Industrial District This M -2 District is intended to allow most industrial uses. Impacts from these uses include extended oper...
General categoryINDUSTRIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop10.1
Veterinary Clinic9.5
Laundry Service9.3

Location

1815 E D St Tacoma, WA 98421
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1510 St Paul, Tacoma, WA 98421-2406 $19,510,000 Sep 2024 36,528 SF
2006 Portland, Tacoma, WA 98421-2712 $6,000,000 Mar 2024 21,740 SF
2330 Prt Of Tacoma, Tacoma, WA 98421-3606 $16,000,000 Nov 2023 86,600 SF
1247 Puyallup, Tacoma, WA 98421-2323 $1,745,098 May 2023 46,343 SF
1129 St Paul, Tacoma, WA 98421-2404 $350,000 Mar 2021 13,596 SF
2021 Marc, Tacoma, WA 98421-2945 $7,200,000 Nov 2020 18,034 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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