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Property profile & analytics
OFF-MARKET
Estimated value
$16,945,000
Warehouses
3025 Pioneer E Way Tacoma, WA 98443-1602
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1059202
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,650 SF
Lot
7.05 ac (307,098 SF)
Zoning code
RSEP
APN
320117005
UPID
US90-1059202
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
-
Emerald Home Furnishings Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.53M
Comparable Approach
Comparable
$11.81M
Blend (final)
Blend
$16.95M
Owner & transaction history
Wjls LLC · 6 yrs held
Wjls LLC
since 2019
7 recorded transactions
Zoning & alternative use
RSEP · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$25.5M
+2.9%
Retail stores
$25.0M
+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%
$17,910,000
6.5%
$16,530,000
7%
$15,350,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,765,000
Current use
COMMERCIAL (GENERAL)
$25,480,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$24,960,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$20,225,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$16.95M
Range $15.25M – $18.64M · ±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
$205 / 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
$235,522
Tax year 2024
Assessed value
$21,144,200
Assessed 2024
Previous assessed
$21,144,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,825,800
Assessed improvement
$19,318,400
Land market value
$1,825,800
Improvement market value
$19,318,400
Total market value
$21,144,200
Applied tax rate
215.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
82,650 SF
Lot
7.05 ac (307,098 SF)
Zoning code
RSEP
APN
320117005
UPID
US90-1059202
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSEP · Tacoma, WA
Zoning RSEP · permitted uses
RSEP · 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
$24.8M
COMMERCIAL (GENERAL)
Est. value
$25.5M
RETAIL STORES
Est. value
$25.0M
MEDICAL BUILDING
Est. value
$20.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
7.05 ac
Current owner
From public records · entity-resolved
Wjls LLC
Entity
Mailing address
502 S GAY ST STE #300, KNOXVILLE, TN 37902-3607
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2019
$200,000
Wjls LLC
Emerald Real Estate LLC
Warranty Deed
$20,000,000 · First Tennessee Bank NA
Aug 6, 2019
—
Emerald Real Estate LLC
—
Deed
related
$380,000 · Jp Morgan Chase Bk
Oct 13, 2016
—
Emerald Real Estate LLC
—
Deed
related
$380,000 · Jpmorgan Chase Bank NA
Feb 25, 2013
—
Emerald Real Estate LLC
—
Deed Of Trust
related
$7,697,446 · Bank Of America
Nov 23, 2005
$8,048,000
Emerald Real Estate LLC
Geovan LLC
Grant Deed
$8,400,000 · Bank Of America
Jun 13, 2000
—
Geovan LLC
Geovan Partners
Quit Claim Deed
related
—
Sep 15, 1999
—
Geovan Partners
—
Grant Deed
related
$5,000,000 · Us Bank
—
—
Emerald Real Estate LLC
—
Loan Modification
related
$380,000 · Jp Morgan Chase Bk
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.
Try Rey
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