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Property profile & analytics
OFF-MARKET
Industrial land
3120 Tacoma Way Tacoma, WA 98409-4717
Entity Owned
Free & Clear
Property ID
US90-0912095
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.16 ac (7,000 SF)
Zoning code
CIX
APN
9710000170
UPID
US90-0912095
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
-
Gig Harbor Brewing Co. Production Facility Brewery & Distillery
-
RCF Tacoma Gym & Fitness Center
-
YOKED Pilates by Newton-Pele Gym & Fitness Center
-
Cascade Masonry Restoration General Contractor Construction Company
-
Gig Harbor Beer Week 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
Spencer Mylet LLC
Spencer Mylet LLC
since 2026
Last sale
$391,884
7 recorded transactions
Zoning & alternative use
CIX · 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
$1,069
Tax year 2024
Assessed value
$95,200
Assessed 2024
Previous assessed
$95,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$95,200
Land market value
$95,200
Total market value
$95,200
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.16 ac (7,000 SF)
Zoning code
CIX
APN
9710000170
UPID
US90-0912095
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CIX · Tacoma, WA
Zoning CIX · permitted uses
CIX · 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
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Spencer Mylet LLC
Entity
Free & Clear · 0 yrs held
Mailing address
7515 CHAMBERS CRK RD W, UNIVERSITY PLACE, WA 98467-2013
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
—
Spencer Mylet LLC
David Mylet
Quitclaim Deed
related
—
Aug 21, 2024
—
David Mylet
David Mylet
Intrafamily Transfer
related
—
May 9, 2023
$1,000,000
David Mylet
Jerome Mylet
Warranty Deed
related
—
May 9, 2023
—
David Mylet
Shawn Anne Spencer Mylet
Intrafamily Transfer
related
—
Nov 28, 2017
—
Jerome Mylet
Fedalta Group LLC
Deed In Lieu Of Foreclosure
related
—
May 6, 2013
$391,884
Fedalta Group LLC
American West Bk
Grant Deed
$360,000 · Jerome Mylet
Dec 10, 2012
$583,027
American West Bk
Brooke Phillip S
Trustees Deed
related
—
Feb 23, 2009
$720,000
Favorite Real Property LLC
Salzer,ray D & Cathy A
Warranty Deed
$612,000 · Bank Of Tacoma
Mar 30, 2004
$425,000
Ray D Salzer
Peterson,russell G & Marian L
Grant Deed
$885,000 · Olympic Bank
—
—
Favorite Real Property LLC
—
Deed Of Trust
related
$75,000 · Bank Of The Northwest
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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