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Property profile & analytics
FOR SALE
Office Spaces
3108 Union Ave, Tacoma, WA 98409
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-3313398
No photos on file
For Sale
$499,000
3108 Union Ave, Tacoma, WA 98409
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Construction
WOOD FRAME
Total area
1,323 SF
Lot
0.19 ac (8,250 SF)
Zoning code
T
APN
6445001111
UPID
US90-3313398
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
-
K M Resorts of America Inc Hotel & Motel Resort
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
Hold Fast Investments LLP · 19 yrs held
Hold Fast Investments LLP
since 2006
7 recorded transactions
Zoning & alternative use
T · 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
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
$3,761
Tax year 2024
Assessed value
$337,600
Assessed 2024
Previous assessed
$337,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$182,900
Assessed improvement
$154,700
Land market value
$182,900
Improvement market value
$154,700
Total market value
$337,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,323 SF
Lot
0.19 ac (8,250 SF)
Zoning code
T
APN
6445001111
UPID
US90-3313398
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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
1973
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Hold Fast Investments LLP
Entity
Mailing address
6191 20TH ST E, FIFE, WA 98424-2035
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2006
$350,000
Hold Fast Investments LLP
Schmauder,al
Warranty Deed
—
Oct 5, 2006
—
Al Schmauder
—
Trustees Deed
related
$43,000 · Theron Langel
Dec 8, 2003
—
Al Schmauder
Von Schmauder Properties LLC
Quit Claim Deed
related
—
Oct 22, 2003
—
Von Schmauder Properties LLC
Snow,rodney
Grant Deed
related
—
Aug 31, 2001
$191,000
Rodney Snow
Betridge,patricia P
Grant Deed
$146,000 · Capital Investment Of Wa INC
—
—
Al Schmauder
—
Deed Of Trust
related
$47,991 · Pinnacle Dev & Building INC
—
—
Benjamin Bettridge
—
Deed Of Trust
related
$61,000 · Individual
—
—
Benjamin Bettridge
—
Deed Of Trust
related
$32,800 · Individual
—
—
Hold East Invesments LLP
—
Deed Of Trust
related
$300,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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