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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Retail space
2301 State St Tacoma, WA 98405-2830
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2859915
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
WOOD FRAME
Total area
7,328 SF
Lot
0.2 ac (8,625 SF)
Zoning code
T
APN
4295000397
UPID
US90-2859915
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.37M
Owner & transaction history
Allenmore Heights LLC · 13 yrs held
Allenmore Heights LLC
since 2012
7 recorded transactions
Zoning & alternative use
T · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,215,000
Current use
WAREHOUSE, STORAGE
$2,195,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,795,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$187 / 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
$15,530
Tax year 2024
Assessed value
$1,397,200
Assessed 2024
Previous assessed
$1,397,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$221,600
Assessed improvement
$1,175,600
Land market value
$221,600
Improvement market value
$1,175,600
Total market value
$1,397,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Total area
7,328 SF
Lot
0.2 ac (8,625 SF)
Zoning code
T
APN
4295000397
UPID
US90-2859915
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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
RETAIL STORES Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
2020
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Allenmore Heights LLC
Entity
Free & Clear · 13 yrs held
Mailing address
10609 GRAVELLY LK DR SW, LAKEWOOD, WA 98499-1327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jun 17, 2019
—
Allenmore Brownstones LLC
—
Trustees Deed
related
$1,000,000 · Harborstone Cu
Jun 6, 2018
—
Allenmore Brownstones LLC
—
Deed
related
$324,000 · South Sound Bk
Aug 22, 2012
$434,000
Allenmore Heights LLC
Ronald L Miller
Grant Deed
—
Jul 17, 2012
$492,598
Miller,ronald L & Patricia J
Davies Comfort
Trustees Deed
—
Jul 1, 2009
$525,000
State Street Invs II LLC
Tacoma News INC
Warranty Deed
$460,000 · Ronald L & Patricia J Miller
—
—
Allenmore Brownstones LLC
—
Deed Of Trust
related
$6,450,000 · Harborstone Cu
—
—
Allenmore Heights LLC
—
Deed Of Trust
related
$600,000 · Steve Novotny
—
—
Allenmore Brownstones LLC
—
Deed Of Trust
related
$324,000 · South Sound Bk
—
—
State Street Invs II LLC
—
Deed Of Trust
related
$270,000 · Gary Vanderyacht
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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