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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
2415 70th W Ave, Tacoma, WA 98466-5404
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0961512
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,840 SF
Lot
0.96 ac (41,952 SF)
Zoning code
IB
APN
6465000040
UPID
US90-0961512
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
-
Deewan Banquet Wedding Service
-
Prime Storage Storage Facility
-
Aqualine Plumbing Electrical and Heating Plumbing Service General Contractor
-
Fircrest Automotive & Repair Auto Repair Shop
-
Find Us Now Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$945k
Blend (final)
Blend
$1.00M
Owner & transaction history
Prime Storage Up S Tacoma LLC · 6 yrs held
Prime Storage Up S Tacoma LLC
since 2020
Last sale
$23,004
6 recorded transactions
Zoning & alternative use
IB · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+41.5%
Auto repair, garage
$1.4M
+23.3%
Retail stores
$1.2M
+0.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,630,000
Change: +42% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,420,000
Change: +23% · Conversion: Easy
RETAIL STORES
$1,160,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,135,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $23k (Feb 12 2020)
Last sale anchor
$23k
Feb 12 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
$260 / 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
$31,271
Tax year 2024
Assessed value
$2,453,600
Assessed 2024
Previous assessed
$2,453,600
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$934,000
Assessed improvement
$1,519,600
Land market value
$934,000
Improvement market value
$1,519,600
Total market value
$2,453,600
Applied tax rate
752.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
8
Total area
3,840 SF
Lot
0.96 ac (41,952 SF)
Zoning code
IB
APN
6465000040
UPID
US90-0961512
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IB · Tacoma, WA
Zoning IB · permitted uses
IB · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$940,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
8
Lot
0.96 ac
Current owner
From public records · entity-resolved
Prime Storage Up S Tacoma LLC
Entity
Mailing address
83 RAILROAD PL #85, SARATOGA SPRINGS, NY 12866-2124
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Prime Storage Up South Tacoma LLC
—
Deed
related
—
Feb 12, 2020
$1,839,000
Prime Storage Up S Tacoma LLC
Maxi-space West LLC
Grant Deed
$19,525,000 · Lmf Commercial LLC
Jun 28, 2005
—
Maxi-space West LLC
Bodine,bruce A & Debbie
Warranty Deed
$3,800,000 · Bridger Commercial Funding LLC
Mar 16, 2000
—
Bruce A Bodine
—
Grant Deed
related
$180,000 · Columbia State Bank
—
—
Bruce A Bodine
—
Deed Of Trust
related
$330,000 · Columbia State Bank
—
—
Bruce A Bodine
—
Deed Of Trust
related
$75,066 · Columbia State 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.
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