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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Warehouses
2007 Stewart St Tacoma, WA 98421-2922
Entity Owned
~
Est. High Equity
Property ID
US90-1527653
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,400 SF
Lot
4.08 ac (177,768 SF)
Zoning code
PMI
APN
320032039
UPID
US90-1527653
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
-
Septic Pros - Septic Services Plumbing Service General Contractor
-
Legacy Transport Services Warehouse & Storage
-
Pacific Atlantic Express Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.32M
Owner & transaction history
Portlink Logistics LLC
Portlink Logistics LLC
since 2026
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
PMI · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+41.5%
Restaurant
$5.6M
+30.7%
Auto repair, garage
$5.3M
+23.3%
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%
$3,120,000
6.5%
$2,880,000
7%
$2,675,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,315,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,105,000
Change: +42% · Conversion: Moderate
RESTAURANT
$5,640,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,320,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,440,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$4,350,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$3,525,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10% · vs last sale $6.00M (Feb 19 2026)
Last sale anchor
$6.00M
Feb 19 2026
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
$300 / 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
$68,231
Tax year 2024
Assessed value
$6,142,000
Assessed 2024
Previous assessed
$6,142,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,250,700
Assessed improvement
$2,891,300
Land market value
$3,250,700
Improvement market value
$2,891,300
Total market value
$6,142,000
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
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
14,400 SF
Lot
4.08 ac (177,768 SF)
Zoning code
PMI
APN
320032039
UPID
US90-1527653
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
PMI · Tacoma, WA
Zoning PMI · permitted uses
PMI · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.08 ac
Current owner
From public records · entity-resolved
Portlink Logistics LLC
Entity
Mailing address
14521 OLD KATY RD STE #200, HOUSTON, TX 77079-1050
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$6,000,000
Portlink Logistics LLC
Rl Bernstein Investments LP
Warranty Deed
$5,000,000 · Jase LLC
Dec 31, 2025
—
Edmund Perwien
Globemaster Rocky Mountain INC
Warranty Deed
—
Oct 25, 2022
—
Rlbernstein Investments LP
Estate Of Roert L Bernstein
Warranty Deed
—
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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