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Property profile

2712 21St St Tacoma, WA 98406

FOR SALE
Apartment buildings
View Listing
Property ID
US90-1622142
4,344 SF 0.11 ac lot Built 2004
Last sale Jul 2025 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$899k
Assessed land$192k
Assessed improvement$706k
Effective rate1.11%

Value estimate

· Oct 2026
$290k
$261k – $319k
AI approach$295k
NOI build-up
Gross scheduled income$104k
Vacancy & credit loss−$8k
Operating expenses−$36k
NOI · 4.61% cap applied$60k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$189/SF
ZIP average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$109 – $319
Qualifying comparables11

Cap rate analysis

How does the asset earn?
4.61%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
C-1: General Neighborhood Commercial District The C-1 District contains low-intensity, smaller-scale land uses such as retail, office, an...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.3
Auto Parts Store10.3
Dry Cleaner10.0

Location

2712 21St St Tacoma, WA 98406
County assessor Recorded deeds · 6 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3104 8th, Tacoma, WA 98406-6201 $616,000 Feb 2024 5,664 SF
2902 8th, Tacoma, WA 98406-6742 $195,754 Feb 2023 3,536 SF
4515 6th, Tacoma, WA 98406-3516 $1,950,000 May 2022 4,608 SF
2102 Oakes, Tacoma, WA 98406-7616 $1,225,000 Mar 2020 3,335 SF
2110 Oakes, Tacoma, WA 98406-7637 $759,000 Dec 2019 3,646 SF
615 Steele, Tacoma, WA 98406-7799 $660,000 Oct 2019 3,275 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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