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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
2511 70th W Ave, Tacoma, WA 98466-5417
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0811199
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
WOOD FRAME
Total area
7,907 SF
Lot
0.99 ac (43,020 SF)
Zoning code
IB
APN
6465000046
UPID
US90-0811199
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
-
EJ Foods Big Box & Wholesale Store Food Market
-
Tricon Logistics Freight Service Logistics Company
-
TransTrade Warehouse & Storage
-
Bargreen Ellingson, Inc Corporate Office
-
Visible Supply Chain Management Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$985k
Owner & transaction history
Allen Properties LLC · 9 yrs held
Allen Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
IB · 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%
$1,130,000
6.5%
$1,045,000
7%
$970,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$125 / 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
$17,403
Tax year 2024
Assessed value
$1,351,000
Assessed 2024
Previous assessed
$1,351,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$807,000
Assessed improvement
$544,000
Land market value
$807,000
Improvement market value
$544,000
Total market value
$1,351,000
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
1977
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
7,907 SF
Lot
0.99 ac (43,020 SF)
Zoning code
IB
APN
6465000046
UPID
US90-0811199
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.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Allen Properties LLC
Entity
Mailing address
PO BOX 571, MARYLHURST, OR 97036-0571
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Allen Properties LLC
—
Deed
related
$715,000 · Wells Fargo Bank NA
Sep 7, 2016
$900,000
Allen Properties LLC
Winters Cold Storage LLC
Warranty Deed
—
Dec 16, 2014
—
Winters Cold Storage LLC
Mcbain Barbara J Trust
Quit Claim Deed
related
—
Feb 3, 2009
—
Mcbain Fred Trust
Mcbain,frederick L
Quit Claim Deed
related
—
Jul 23, 2004
—
Frederick L Mcbain
Mcbain,barbara J
Quit Claim Deed
related
—
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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