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    Property profile & analytics

    1950 State St Tacoma, WA 98405-2817

    • Warehouses
    • 242,318 SF
    • 12.09 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 31, 2021
    Location Intelligence
    Property ID
    US90-2963208
    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.

    Current Use by Public Records

    • TNT & OLY Media Group / Internet Marketing Service / Marketing Agency
    • Infinity Global Distribution / Transportation Service
    • Direct Delivery Quicksaver / Trucking Company

    Property Details for 1950 State St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    12.09 lot acres
    Property size
    242,318 SF
    Property type
    Warehouses
    APN
    4425001168
    APU
    4425001168

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.467
    Latitude
    47.2401
    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
    $348,698
    $8,932,000
    $22,461,500
    $31,393,500
    -
    $8,932,000
    $22,461,500
    $31,393,500

    Comparable in this City

    • Value Estimation
      $3,895,000
      39,360 SF

      2316 State St

      WAREHOUSE, STORAGE • 39,360 SF
      2316 State St, Tacoma, WA 98405-2819
      View Details
    • Value Estimation
      $245,000
      2,812 SF

      2305 Wilkeson St Sta, Unit A

      WAREHOUSE, STORAGE • 2,812 SF
      2305 Wilkeson St Sta, Tacoma, WA 98405-3128
      View Details
    • Value Estimation by Request
      3,300 SF

      1235 Sprague Ave

      MINI-WAREHOUSE, STORAGE • 3,300 SF
      1235 Sprague Ave, Tacoma, WA 98405-2927
      View Details
    • Value Estimation by Request
      9,685 SF

      1007 J St

      WAREHOUSE, STORAGE • 9,685 SF
      1007 J St, Tacoma, WA 98405-4155
      View Details
    • Value Estimation
      $300,000
      3,750 SF

      1007 Martin Luther King Jr Way

      WAREHOUSE, STORAGE • 3,750 SF
      1007 Martin Luther King Jr Way, Tacoma, WA 98405-4151
      View Details
    • Value Estimation
      $200,000
      1,000 SF

      2518 12th St

      WAREHOUSE, STORAGE • 1,000 SF
      2518 12th St, Tacoma, WA 98405-2710
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Established Business and Property Package

      Commercial property with established business, high-visibility, and strong income potential.
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      12,981 SF

      Centrally Located Parking Lot Opportunity

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    • $975,000
      4,920 SF

      Downtown Tacoma Multifamily Investment Opportunity

      7-unit multifamily property in Tacoma's 6th Ave Business District.
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    • $945,000

      Permits Ready Multifamily Development

      Permits ready 9-unit multifamily development site in Central Tacoma.
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    • $800,000
      11,681 SF

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      Two combined land parcels totaling 11,681 SF with highway access.
      1510 Union Ave, Tacoma, WA 98405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,000 SF

      Tacoma Warehouse with Rail Access

      63,000 SF warehouse with dock and rail doors.
      922 E 11Th St, Tacoma, WA 98405
      View Details
    • $1.20 SF/Yr
      4,753 SF

      Fife Warehouse with Grade Doors

      2,402 SF warehouse space with excellent I-5 access.
      4630 16Th St E, Fife, WA 98405
      View Details
    • $16 SF/Yr
      61,484 SF

      Tacoma Retail Space Available

      Retail property available for lease in Tacoma, Washington.
      3130 S 23Rd St, Tacoma, WA 98405
      View Details
    • Contact for pricing
      3,895 SF

      Class A Medical Office Space

      State-of-the-art medical office near Allenmore Community Hospital.
      2202 S Cedar St, Tacoma, WA 98405
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    • $24 SF/Yr
      1,550 SF

      Retail Space Available For Lease

      1550 SF retail space available for lease.
      1201 S Union Ave, Tacoma, WA 98405
      View Details
    • $19 SF/Yr
      2,928 SF

      Office Space with Basement

      Office space for rent with convenient parking and elevator.
      2013 S 19Th St, Tacoma, WA 98405
      View Details
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    1950 State St
    Tacoma, WA 98405-2817
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    Realmo Value Estimation

    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.

    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.

    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
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