New search
Property profile & analytics
FOR LEASE
Flex space
2330 Port Of Tacoma Rd Tacoma, WA 98421
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1610410
For Lease
1 / 2
$12,845,000
2330 Port Of Tacoma Rd, Tacoma, WA 98421
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
86,600 SF
Lot
6.11 ac (266,152 SF)
Zoning code
PMI
APN
321353026
UPID
US90-1610410
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
-
Tripak, Inc. Trucking Company
-
Agrivestment Agricultural Supply Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.25M
CAP Approach
CAP
$14.27M
Comparable Approach
Comparable
$10.86M
Blend (final)
Blend
$12.85M
Owner & transaction history
J M Manufaturing Company INC · 2 yrs held
J M Manufaturing Company INC
since 2023
Last sale
$16.0M
3 recorded transactions
Zoning & alternative use
PMI · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.2M
+45.6%
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
$11,695,000
ML approach
$8,250,000
CAP Approach
CAP Return
Estimation
6%
$15,455,000
6.5%
$14,265,000
7%
$13,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,555,000
Current use
MEDICAL BUILDING
$21,195,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$12.85M
Range $11.56M – $14.13M · ±10% · vs last sale $16.00M (Nov 13 2023)
Last sale anchor
$16.00M
Nov 13 2023
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
$148 / 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
$94,177
Tax year 2024
Assessed value
$8,478,000
Assessed 2024
Previous assessed
$8,478,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,902,200
Assessed improvement
$1,575,800
Land market value
$6,902,200
Improvement market value
$1,575,800
Total market value
$8,478,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
86,600 SF
Lot
6.11 ac (266,152 SF)
Zoning code
PMI
APN
321353026
UPID
US90-1610410
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
INDUSTRIAL (GENERAL) Current
Est. value
$14.6M
MEDICAL BUILDING
Est. value
$21.2M
INDUSTRIAL (GENERAL) Current
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
6.11 ac
Current owner
From public records · entity-resolved
J M Manufaturing Company INC
Entity
Free & Clear · 2 yrs held
Mailing address
5200 W CENTURY BLVD, LOS ANGELES, CA 90045-5928
Ownership since
2023
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
Nov 13, 2023
$16,000,000
J M Manufaturing Company INC
Pwe Qrs 14 85 INC
Special Warranty Deed
—
Mar 6, 2002
$4,295,487
Pwe Qrs 14-85 INC
Pw Eagle INC
Grant Deed
$8,200,000 · Morgan Stanley Dean Witter Mtg
Oct 7, 1999
—
Eagle Pacific Industries INC
—
Deed Of Trust
related
$50,000,000 · Fleet Capital Corp Trustee
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
