New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Flex space
2406 Prt Of Tacoma Rd Tacoma, WA 98421-3605
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3263034
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,800 SF
Lot
0.4 ac (17,424 SF)
Zoning code
M3
APN
321353024
UPID
US90-3263034
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
-
Locke Systems Inc. Tech Support Center IT Consulting Firm
-
HANSA-FLEX USA TACOMA Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.00M
Owner & transaction history
Kp & G Taylor Way LLC · 5 yrs held
Kp & G Taylor Way LLC
since 2020
Last sale
$987,500
7 recorded transactions
Zoning & alternative use
M3 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+83.4%
Retail stores
$1.5M
+79.7%
Warehouse, storage
$1.4M
+78.3%
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
$965,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$805,000
Current use
COMMERCIAL (GENERAL)
$1,480,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,450,000
Change: +80% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,440,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$1,175,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $988k (Dec 29 2020)
Last sale anchor
$988k
Dec 29 2020
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
$208 / 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
$12,095
Tax year 2024
Assessed value
$1,087,900
Assessed 2024
Previous assessed
$1,087,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$483,300
Assessed improvement
$604,600
Land market value
$483,300
Improvement market value
$604,600
Total market value
$1,087,900
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
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
Off-Market
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,800 SF
Lot
0.4 ac (17,424 SF)
Zoning code
M3
APN
321353024
UPID
US90-3263034
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M3 · Tacoma, WA
Zoning M3 · permitted uses
M3 · 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
$805,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Kp & G Taylor Way LLC
Entity
Mailing address
PO BOX 274, MILTON, WA 98354-0274
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
—
Dramloco LLC
—
Deed
related
$537,598 · Timberland Bank
Oct 1, 2021
—
Dramloco LLC
—
Deed
related
$438,000 · Evergreen Business Capital
May 25, 2021
—
Dramloco LLC
—
Deed
related
$537,598 · Timberland Bank
Dec 29, 2020
—
Kp & G Taylor Way LLC
Nordlund Reverse Exchange LLC
Quit Claim Deed
related
—
Dec 29, 2020
$987,500
Dramloco LLC
Kp & G Taylor Way LLC
Warranty Deed
$3,920,000 · Kp & G Taylor Way LLC
Jul 30, 2014
$1,275,000
Nordlund Reverse Exchange LLC
Quest Real Estate LLC
Grant Deed
$1,275,689 · Kp&g Taylor Way LLC
Aug 31, 2005
$1,450,000
Quest Real Estate LLC
Marcelynas LLC
Warranty Deed
—
Aug 13, 2001
$994,706
Marcelynas LLC
Read,robert W & Carol A
Grant Deed
$755,000 · Robert W & Carol A
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?”
You own 2406 Prt Of Tacoma Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
