Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 84th St Tacoma, WA 98444-6419

    • Warehouses
    • 15,060 SF
    • 2.45 lot acres
    OFF-MARKET
    Value Estimations
    $2,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1844472
    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

    • Avalon Contracting Inc / HVAC Service / General Contractor
    • Air Solutions / HVAC Service / General Contractor

    Property Details for 215 84th St

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.45 lot acres
    Property size
    15,060 SF
    Zone code
    C2
    Property type
    Warehouses
    APN
    2915000405
    APU
    2915000405

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,265,000
      6.5%
      $3,010,000
      7%
      $2,795,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.435
    Latitude
    47.1821
    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
    $26,622
    $1,535,400
    $860,400
    $2,395,800
    -
    $1,535,400
    $860,400
    $2,395,800

    Comparable in this City

    • Value Estimation
      $1,750,000
      10,223 SF

      118 Violet Mdw S St

      WAREHOUSE, STORAGE • 10,223 SF
      118 Violet Mdw S St, Tacoma, WA 98444-5532
      View Details
    • Value Estimation
      $1,585,000
      10,824 SF

      14611 C S St

      WAREHOUSE, STORAGE • 10,824 SF
      14611 C S St, Tacoma, WA 98444-4571
      View Details
    • Value Estimation
      $3,480,000
      19,147 SF

      14001 Pacific S Ave

      WAREHOUSE, STORAGE • 19,147 SF
      14001 Pacific S Ave, Tacoma, WA 98444-4638
      View Details
    • Value Estimation by Request
      3,240 SF

      418 112th S St

      WAREHOUSE, STORAGE • 3,240 SF
      418 112th S St, Tacoma, WA 98444
      View Details
    • Value Estimation by Request
      12.03 Acres

      12005 Steele S St

      WAREHOUSE, STORAGE • 12.03 Acres
      12005 Steele S St, Tacoma, WA 98444-1300
      View Details
    • Value Estimation
      $570,000
      2,880 SF

      10325 Pacific S Ave

      WAREHOUSE, STORAGE • 2,880 SF
      10325 Pacific S Ave, Tacoma, WA 98444-6049
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      32,200 SF Three-Building Business Park

      32,200 SF business park with high visibility and great access.
      11302 Steele St South, Tacoma, WA 98444
      View Details
    • $1,050,000
      23,958 SF

      Secured Contractor Yard with Office

      Level, secured contractor yard with remodeled office and I-5 access.
      2605 96Th St S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Three-Building Business Park For Sale

      32,200 SF business park with high visibility and great access.
      11302 Steele St South, Tacoma, WA 98444
      View Details
    • Contact for pricing
      20,996 SF

      Heather Court Multifamily Investment Opportunity

      32-unit apartment complex in Tacoma's Parkland neighborhood.
      12712 C St S, Tacoma, WA 98444
      View Details
    • $2,250,000

      Parkland Commercial Building and Lot

      20,000 SF commercial building with adjacent vacant lot.
      502 112Th St S, Tacoma, WA 98444
      View Details
    • $2,250,000

      Parkland Apartments Near Downtown Tacoma

      Apartment community with updated units near Downtown Tacoma and university.
      1420 112Th St S, Tacoma, WA 98444
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,685 SF

      Retail Space in High-Traffic Area

      End-cap unit suitable for retail or professional office use.
      13022 Pacific Ave S, Tacoma, WA 98444
      View Details
    • $1,781 /Mo
      1,125 SF

      Retail/Office Space in High-Traffic Area

      1,125 SF retail or office space in Tacoma for rent.
      2015 96Th St S, Tacoma, WA 98444
      View Details
    • $2,217 /Mo
      1,400 SF

      Retail/Office Space in Tacoma

      1,400 SF retail/office space with ample parking.
      2015 96Th St S, Tacoma, WA 98444
      View Details
    • $2,417 /Mo
      2,685 SF

      High-Traffic Retail/Office End Cap

      End-cap unit ideal for retail or office use.
      13022 Pacific Ave S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces in high-traffic location near university.
      S & C St S, Tacoma, WA 98444
      View Details
    • Contact for pricing

      Mixed-Use Property on Spanaway Loop

      2.36 acre mixed-use property with office and garage.
      12160 Spanaway Loop Rd S, Tacoma, WA 98444
      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.
    215 84th St
    Tacoma, WA 98444-6419
    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.
    Sign Up Successful!
    You now have access to more from Realmo!