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Property profile & analytics
FOR SALE
Warehouses
1912 S Center St, Tacoma, WA 98409
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1732206
For Sale
$1,300,000
1912 S Center St, Tacoma, WA 98409
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,440 SF
Lot
0.34 ac (14,892 SF)
Zoning code
M2
APN
2855000580
UPID
US90-1732206
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
$1.29M
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$985k
Owner & transaction history
Titan Props LLC · 7 yrs held
Titan Props LLC
since 2018
7 recorded transactions
Zoning & alternative use
M2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,395,000
6.5%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,575,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,425,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$153 / 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
$10,557
Tax year 2024
Assessed value
$949,500
Assessed 2024
Previous assessed
$949,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$217,700
Assessed improvement
$731,800
Land market value
$217,700
Improvement market value
$731,800
Total market value
$949,500
Applied tax rate
5.0000
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
For Sale
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
6,440 SF
Lot
0.34 ac (14,892 SF)
Zoning code
M2
APN
2855000580
UPID
US90-1732206
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Lakewood, WA
Zoning M2 · permitted uses
M2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Titan Props LLC
Entity
Mailing address
11508 CLOVER CRST DR SW, LAKEWOOD, WA 98499-1227
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Titan Properties LLC
—
Deed
related
$730,000 · Timberland Bank
Aug 28, 2019
—
Titan Properties LLC
—
Deed
related
$735,000 · Sound Community Bank
Sep 18, 2018
$300,000
Titan Props LLC
Centre Street Partners LLC
Warranty Deed
—
Mar 20, 2017
—
Centre Street Partners LLC
Scl Marketing LLC
Quit Claim Deed
related
—
Jun 13, 2014
$720,000
Centre Street Partners LLC
1912 Center Street LLC
Warranty Deed
$850,000 · Scl Marketing LLC
Mar 31, 2005
—
1912 Center Street LLC
Wiggins,daniel V
Warranty Deed
—
Apr 30, 1999
$383,921
Daniel V Wiggins
Slater,james A
Grant Deed
$313,000 · Seller
—
—
1912 Center Street LLC
—
Deed Of Trust
related
$35,404 · Heritage Bank
—
—
1912 Center Street LLC
—
Deed Of Trust
related
$225,000 · Heritage Bank
—
—
1912 Center Street LLC
—
Deed Of Trust
related
$330,450 · Heritage Bank
—
—
Daniel V Wiggins
—
Deed Of Trust
related
$302,533 · Heritage Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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