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Property profile & analytics
OFF-MARKET
Manufacturing properties
2523 Jefferson Ave Tacoma, WA 98402-1303
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1838723
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Lot
0.13 ac (5,600 SF)
Zoning code
WR
APN
2025080031
UPID
US90-1838723
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
-
Green Air Supply Inc. Food Machinery Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jnt Holdings LLC · 8 yrs held
Jnt Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
WR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and go…
Zone name
Warehouse Residential
General category
INDUSTRIAL
Zone area
150.56 ac
Source
Ordinance Table
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,134
Tax year 2024
Assessed value
$281,100
Assessed 2024
Previous assessed
$271,500
+3.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$281,100
Land market value
$281,100
Total market value
$281,100
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,600 SF)
Zoning code
WR
APN
2025080031
UPID
US90-1838723
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
WR · Tacoma, WAZoning WR · permitted uses
WR · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and governmental uses are allowed. The maximum building height in this district is 100 feet. 8 Commercial Zoning Districts Commercial districts are denser zoning districts in the City located outside of the Downtown area. These districts contain a variety of uses ranging from small and large scale office space to hosp itals and light warehousing. The intensity of commercial development depends on the district. Residential uses are also appropriate in all commercial districts. The specific purposes of the Commercial Districts can be found in the Tacoma Municipal Code Section 13.06.200.
Zone name
Warehouse Residential
General category
INDUSTRIAL
Zone area
150.56 ac
Source
Ordinance Table
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jnt Holdings LLC
Entity
Mailing address
2523 JEFFERSON AVE, TACOMA, WA 98402-1303
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2019
—
Jnt Holdings LLC
—
Deed
related
$950,000 · Bank Of The Pacific
Nov 15, 2017
$419,719
Jnt Holdings LLC
Jefferson Pacific LLC
Bargain And Sale Deed
$380,800 · Us Bank NA
Mar 3, 2017
$740,000
Jefferson Pacific LLC
Mbrc Management LLC
Warranty Deed
$750,000 · Hall Oren & M 1994 Tr (pt)
May 25, 2012
$749,950
Mbrc Management LLC
Strom Norman M
Grant Deed
$674,950 · Norman M Strom
Feb 25, 2010
—
Norman M Strom
Strom Norman J
Quit Claim Deed
related
—
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$325,000 · North Pacific Bank
—
—
Jnt Holdings LLC
—
Deed Of Trust
related
$950,000 · Bank Of The Pacific
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$75,000 · Heritage Bank
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$100,000 · Heritage Bank
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$240,000 · Heritage Bank
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$100,000 · Pegasus Foods Canada INC
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
—
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$258,740 · Kyoko Smith
—
—
Mayco Fish Co Ltd
—
Deed Of Trust
related
$150,000 · North Pacific 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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