Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1953 C St Tacoma, WA 98402-3104

    • Schools
    • 19,689 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $1,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0894096
    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

    • Mattress Factory / Furniture & Home Goods

    Property Details for 1953 C St

    Year built
    1919
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    19,689 SF
    Zone code
    DMU
    Property type
    Schools
    APN
    2020050020
    APU
    2020050020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $2,135,000
      Current use
      WAREHOUSE, STORAGE
      $2,320,000
      Change: +9% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,210,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $2,080,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,040,000
      Change: -5% Conversion: Difficult
      RESTAURANT
      $1,890,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.437
    Latitude
    47.2432
    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
    $11
    $1,318,500
    $0.00
    $1,318,500
    -
    $1,318,500
    $0.00
    $1,318,500

    Comparable in this City

    • Value Estimation
      $1,995,000
      22,500 SF

      1744th Pacific Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 22,500 SF
      1744th Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      0.18 Acres

      1902 Pacific Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.18 Acres
      1902 Pacific Ave, Tacoma, WA 98402-3110
      View Details
    • Value Estimation by Request

      2324 Pacific Ave

      Life science properties
      2324 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      51,000 SF

      738 Broadway

      Automotive properties • 51,000 SF
      738 Broadway, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      0.29 Acres

      1195 Dock St

      MARINE FACILITY/BOARD REPAIRS • 0.29 Acres
      1195 Dock St, Tacoma, WA 98402-5004
      View Details
    • Value Estimation by Request
      1.59 Acres

      1301 Pacific Ave

      Land • 1.59 Acres
      1301 Pacific Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Sale

    • $5,500,000
      23,400 SF

      Downtown Tacoma Office/School Building

      Three-story office building near University of Washington and Brewery Blocks.
      2156 Pacific Ave, Tacoma, WA 98402
      View Details
    • $5,500,000
      23,400 SF

      Downtown Tacoma Office/School Building

      Three-story office/school building in downtown Tacoma near University of Washington.
      2156 Pacific Ave, Tacoma, WA 98402
      View Details
    • $1,350,000
      4,800 SF

      Downtown Tacoma Church Redevelopment Opportunity

      Former church in downtown Tacoma, ideal for redevelopment or community groups.
      1804 Tacoma Ave S Tacoma, Tacoma, WA 98402
      View Details
    • $4,000,000
      51,000 SF

      Tacoma Mixed-Use Investment Opportunity

      Two buildings, 51,000 SF, prime location
      738 Broadway, Tacoma, WA 98402
      View Details
    • Contact for pricing
      4,800 SF

      Downtown Tacoma Church Redevelopment Opportunity

      Former church in downtown Tacoma, ideal for redevelopment or community use.
      1804 Tacoma Ave S, Tacoma, WA 98402
      View Details
    • $4,499,000
      36,000 SF

      Downtown Tacoma Mixed-Use Buildings

      Two connected buildings in downtown Tacoma with high ceilings.
      2128 Pacific Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,358 SF

      Downtown Tacoma Specialty Property Available

      Specialty property for rent in downtown Tacoma with great visibility.
      2101 Jefferson Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      17,230 SF

      Tacoma Data Center with Heavy Power

      Life science properties
      2324 Pacific Ave, Tacoma, WA 98402
      View Details
    • $15 SF/Yr
      5,180 SF

      Downtown Tacoma Office Space

      Modern office spaces in prime downtown location with city views.
      1140-1160 Broadway, Tacoma, WA 98402
      View Details
    • Contact for pricing
      19,358 SF

      Tacoma Office Space For Rent

      Office space with conference room, parking, and convenient transportation access.
      909 A St, Tacoma, WA 98402
      View Details
    • Contact for pricing
      5,395 SF

      Waterfront Restaurant Space Available

      5,395 SF restaurant space with custom build-out and waterfront views.
      1933 Dock St, Tacoma, WA 98402
      View Details
    • Contact for pricing
      4,490 SF

      Retail Space in Tacoma Available

      Retail property available for lease in Tacoma, Washington.
      2-12 N Tacoma Ave, Tacoma, WA 98402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1953 C St
    Tacoma, WA 98402-3104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.