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    Property profile & analytics

    2406 Prt Of Tacoma Rd Tacoma, WA 98421-3605

    • Flex space
    • 4,800 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $960,000
    Last Sale
    Dec 29, 2020
    $987,500
    Location Intelligence
    Property ID
    US90-3263034
    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

    • Locke Systems Inc. / Computer Support And Services / Computer Consultant
    • HANSA-FLEX USA TACOMA / Hydraulic Equipment Supplier / Hose Supplier

    Property Details for 2406 Prt Of Tacoma Rd

    Year built
    1919
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    4,800 SF
    Zone code
    M3
    Property type
    Flex space
    APN
    321353024
    APU
    321353024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,045,000
      6.5%
      $920,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,060,000
      Geo Method
      $970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $795,000
      Mixed-Use
      $970,000
      Hospitality
      $980,000
      Educational
      $920,000
      Residential Income
      $965,000
      Energy
      $780,000
      Income-Based Land
      $965,000
      Food Service
      $730,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.391
    Latitude
    47.258
    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
    $12,095
    $483,300
    $604,600
    $1,087,900
    -
    $483,300
    $604,600
    $1,087,900

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      2110 Prt Of Tacoma Rd, Unit 21415

      LIGHT INDUSTRIAL • 1,536 SF
      2110 Prt Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • Value Estimation by Request
      20,720 SF

      1952 Milwaukee Way

      LIGHT INDUSTRIAL • 20,720 SF
      1952 Milwaukee Way, Tacoma, WA 98421-2702
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    • Value Estimation by Request
      68,300 SF

      1815 D St

      LIGHT INDUSTRIAL • 68,300 SF
      1815 D St, Tacoma, WA 98421-1505
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    • Value Estimation by Request
      13,875 SF

      1128 St Paul Ave

      LIGHT INDUSTRIAL • 13,875 SF
      1128 St Paul Ave, Tacoma, WA 98421-2405
      View Details
    • Value Estimation by Request
      1,792 SF

      2240 Taylor Way

      LIGHT INDUSTRIAL • 1,792 SF
      2240 Taylor Way, Tacoma, WA 98421-4303
      View Details
    • Value Estimation by Request
      11,400 SF

      2240 Taylor Way

      LIGHT INDUSTRIAL • 11,400 SF
      2240 Taylor Way, Tacoma, WA 98421-4303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,400 SF

      Port of Tacoma Road Warehouse

      Warehouse with office, storage, and yard space available for sale.
      2212 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • $2,200,000
      5,648 SF

      Multi-Tenant Building Near Tacoma Dome

      Stabilized, multi-tenant building and parking lot near Tacoma Dome.
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      7,432 SF

      Tacoma Industrial Building with Yard

      7,432 SF industrial building with remodeled office space and yard.
      1904 Stewart St, Tacoma, WA 98421
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    • $12,820,000
      98,300 SF

      98,300 SF Industrial Building For Sale

      98,300 SF industrial building with 7,500 SF office space.
      1815 D St, Tacoma, WA 98421
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    • Contact for pricing
      4,240 SF

      Downtown Tacoma Retail/Warehouse Space

      Retail/warehouse space in downtown Tacoma with high visibility.
      102 Puyallup Ave, Tacoma, WA 98421
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    • $13,200,000
      98,300 SF

      Tacoma Manufacturing Facility - $13.2M

      98,300 SF Manufacturing Building, Tacoma, WA
      1815 D St, Tacoma, WA 98421
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    Similar Nearby for Lease

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      300,000 SF

      Tacoma Industrial Flex Space

      Modern Tacoma warehouse & office space for lease.
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    • $0.90 SF/Yr
      86,600 SF

      Fenced Storage Yard with Rail

      Tacoma warehouse with fenced yard and rail access.
      2330 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
    • Contact for pricing
      90,000 SF

      Tacoma Warehouse Space Available

      90,000 square foot warehouse space for lease in Tacoma.
      1901 Taylor Way, Tacoma, WA 98421
      View Details
    • Contact for pricing
      225,972 SF

      Fife Warehouse Space Available

      225972 square foot warehouse space for rent in Fife.
      7450 26Th St E, Fife, WA 98421
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    • $5 SF/Yr
      9,700 SF

      Tacoma Warehouse with Loading Docks

      9,700± SF warehouse with 29 loading positions for lease.
      1955 Lincoln Ave, Tacoma, WA 98421
      View Details
    • Contact for pricing
      220,429 SF

      Tacoma Warehouse Space Available

      220,429 SF warehouse space for lease in Tacoma, WA.
      2608 Port Of Tacoma Rd, Tacoma, WA 98421
      View Details
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    Tacoma, WA 98421-3605
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    Realmo Value Estimation

    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.

    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.

    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
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