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Financial
Distress signals
Property profile

1938 Milwaukee Way Tacoma, WA 98421

OFF-MARKET
Warehouses
Property ID
US90-0063981
3,900 SF 0.88 ac lot Built 1960
Last sale Jul 2026 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 5,950 square foot industrial warehouse, situated on a 0.88-acre lot at 1938 Milwaukee Way in the Port of Tacoma, presents a compelling investment opportunity. The property boasts a single-tenant occupancy and features two dock-high doors, substantial power capacity, and a secure, fenced contractor yard providing ample storage space. The building's construction allows for a variety of industrial uses, making it suitable for a wide range of businesses. Zoned PMI, this…

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.

Debts

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?
$15k
Tax billed · 2024
Assessed value$1.32M
Assessed land$971k
Assessed improvement$354k
Effective rate1.11%

Value estimate

· Oct 2026
$455k
$410k – $501k
AI approach$310k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 141 recorded sales of this use type
Observed band · Q1–Q3$150 – $628
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PMI
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.6
Tailor Shop8.6
Convenience Store8.2

Location

1938 Milwaukee Way Tacoma, WA 98421-2702
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1805 Stewart, Tacoma, WA 98421-2933 $900,000 Mar 2025 5,138 SF
2432 11th, Tacoma, WA 98421-3302 $395,000 Feb 2024 3,150 SF
2102 Marshall, Tacoma, WA 98421-3101 $750,000 Aug 2023 4,160 SF
801 26th, Tacoma, WA 98421-2109 $3,125,000 Jun 2023 5,500 SF
1532 18th, Tacoma, WA 98421 $350,000 Jan 2023 3,768 SF
301 25th, Tacoma, WA 98421-1302 $240,000 Jun 2022 5,198 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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