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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Flex space
1970 Milwaukee Way Tacoma, WA 98421-2702
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3185263
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Construction
WOOD FRAME
Total area
11,019 SF
Lot
1.13 ac (49,223 SF)
Zoning code
PMI
APN
6970000070
UPID
US90-3185263
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
Current use
Occupant on record · Public records
-
CAMCAL Incorporated Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.06M
Owner & transaction history
Milwaukee Sitkum Property Managemen · 18 yrs held
Milwaukee Sitkum Property Managemen
since 2008
7 recorded transactions
Zoning & alternative use
PMI · Tacoma, WA
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$96 / 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
$15,387
Tax year 2024
Assessed value
$1,384,300
Assessed 2024
Previous assessed
$1,384,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,241,300
Assessed improvement
$143,000
Land market value
$1,241,300
Improvement market value
$143,000
Total market value
$1,384,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
11,019 SF
Lot
1.13 ac (49,223 SF)
Zoning code
PMI
APN
6970000070
UPID
US90-3185263
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
PMI · Tacoma, WAZoning PMI · permitted uses
PMI · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Milwaukee Sitkum Property Managemen
Entity
Mailing address
1970 MILWAUKEE WAY, TACOMA, WA 98421-2702
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2019
—
Milwaukee Sitkum Property Managemen
—
Deed
related
$820,000 · Commencement Bank
Apr 2, 2008
$1,150,000
Milwaukee Sitkum Property Managemen
J & M Properties LLC
Warranty Deed
$1,015,000 · Us Bank NA
Jul 3, 2001
$289,252
J & M Properties LLC
Telsey Enterprises INC
Grant Deed
$289,251 · Telsey Enterprises INC
Feb 15, 1991
$370,000
Telsey Enterprises INC
Unknown
Grant Deed
—
—
—
Milwaukee Sitkum Prop Mgmt LLC
—
Deed Of Trust
related
$820,000 · Commencement Bk
—
—
Telsey Enterprises INC
—
Deed Of Trust
related
$140,000 · Grow America Fund INC
—
—
Milwaukee Sitkum Prop Mgmt LLC
—
Deed Of Trust
related
$120,000 · Us Bank NA
—
—
Milwaukee Sitkum Property Mana
—
Deed Of Trust
related
$100,000 · Sound Cmnty Bk
—
—
Telsey Enterprises INC
—
Deed Of Trust
related
—
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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