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Property profile & analytics
OFF-MARKET
Flex space
2218 Marine Vw Dr Tacoma, WA 98422-4111
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1355160
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1919
Construction
WOOD FRAME
Total area
19,136 SF
Lot
5.98 ac (260,489 SF)
Zoning code
S10
APN
321264056
UPID
US90-1355160
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
-
Modutech Marine Inc (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mta Real Estate LLC · 1 yrs held
Mta Real Estate LLC
since 2025
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
S10 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$74,083
Tax year 2024
Assessed value
$6,668,900
Assessed 2024
Previous assessed
$6,668,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,894,100
Assessed improvement
$1,774,800
Land market value
$4,894,100
Improvement market value
$1,774,800
Total market value
$6,668,900
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
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
1919
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
1
Total area
19,136 SF
Lot
5.98 ac (260,489 SF)
Zoning code
S10
APN
321264056
UPID
US90-1355160
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
S10 · Tacoma, WA
Zoning S10 · permitted uses
S10 · 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.
Building & site characteristics
From public records
Year built
1919
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Mta Real Estate LLC
Entity
Mailing address
2218 MARINE VW DR, TACOMA, WA 98422-4111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
$7,800,000
Mta Real Estate LLC
Swindahl Properties LLC
Warranty Deed
$6,240,000 · Northwest Bank
Nov 12, 2020
—
Swindahl Properties LLC
—
Deed
related
$1,600,000 · Newtek Small Business Finance LLC
Jan 25, 2019
—
Swindahl Properties LLC
—
Deed
related
$1,500,000 · Newtek Small Busn Fin
Dec 28, 2012
—
Swindahl Properties LLC
Swindahl,carl R & D Elaine
Quit Claim Deed
related
—
Apr 26, 2012
—
Carl R Swindahl
—
Deed Of Trust
related
$2,650,000 · Key Bank NA
Dec 1, 2009
—
Carl R Swindahl
—
Trustees Deed
related
$1,000,000 · Viking Bank
Nov 27, 1991
$650,000
Carl R Swindahl
Unknown
Grant Deed
—
—
—
Swindahl Properties LLC
—
Deed Of Trust
related
$3,350,000 · Keybank USA
—
—
Swindahl Properties LLC
—
Deed Of Trust
related
$1,500,000 · Newtek Small Busn Fin
—
—
Carl R Swindahl
—
Deed Of Trust
related
$580,000 · Key Bank NA
—
—
Carl R Swindahl
—
Deed Of Trust
related
$67,000 · First Community Bank Washingto
—
—
Carl R Swindahl
—
Deed Of Trust
related
$660,000 · First Community Bank
—
—
Carl R Swindahl
—
Deed Of Trust
related
$350,000 · Key Bank NA
—
—
Carl R Swindahl
—
Deed Of Trust
related
$660,000 · Wells Fargo Bank
—
—
Carl R Swindahl
—
Deed Of Trust
related
$425,000 · Babet Fin Corp
—
—
Carl R Swindahl
—
Deed Of Trust
related
$868,600 · First Community Bank Washingto
—
—
Carl Swindahl
—
Deed Of Trust
related
$200,000 · Venture Bank
—
—
Swindahl Properties LLC
—
Deed Of Trust
related
$1,600,000 · Newtek Small Busn Fin
—
—
Carl R Swindahl
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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