New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Warehouses
1819 112th E St, Tacoma, WA 98445-3701
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2965110
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,587 SF
Lot
2.78 ac (121,097 SF)
APN
7750000485
UPID
US90-2965110
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.52M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$3.27M
Owner & transaction history
South End Gardens Corporate Park Ll · 8 yrs held
South End Gardens Corporate Park Ll
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+2.9%
Retail stores
$5.3M
+0.8%
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%
$3,810,000
6.5%
$3,520,000
7%
$3,265,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,270,000
Current use
COMMERCIAL (GENERAL)
$5,420,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$5,310,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$4,305,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±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
$186 / 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
$61,380
Tax year 2024
Assessed value
$4,777,100
Assessed 2024
Previous assessed
$4,777,100
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,313,300
Assessed improvement
$3,463,800
Land market value
$1,313,300
Improvement market value
$3,463,800
Total market value
$4,777,100
Applied tax rate
515.0000
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
17,587 SF
Lot
2.78 ac (121,097 SF)
APN
7750000485
UPID
US90-2965110
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
2.78 ac
Current owner
From public records · entity-resolved
South End Gardens Corporate Park Ll
Individual
Mailing address
PO BOX 44601, TACOMA, WA 98448-0601
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2018
—
South End Gardens Corporate Park Ll
Allen Ivan Stakset
Quit Claim Deed
related
$1,374,181 · Heritage Bank
Nov 18, 2016
—
South End Gardens Corporate Pa
—
Deed
related
$752,600 · Heritage Bk
Sep 30, 2016
—
Pierce Cnty
South End Gardens Corporate Pa
Warranty Deed
—
Aug 24, 2004
—
Stakset,allen I & Bonnie
—
Trustees Deed
related
$1,000,000 · Heritage Svgs Bk Fsb
—
—
Stakset,allen I & Bonnie
—
Deed Of Trust
related
$125,000 · Heritage Bk
—
—
South End Gardens Corporate Pa
—
Deed Of Trust
related
$800,000 · Heritage Bk
—
—
South End Gardens Corporate Pa
—
Deed Of Trust
related
$752,600 · Heritage Bk
—
—
South End Gardens Corporate Pa
—
Deed Of Trust
related
$500,000 · Heritage Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1819 112th E St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
