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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Apartment buildings
3202 Pacific Ave, Tacoma, WA 98418-6962
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0726131
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,959 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R4L
APN
2082120050
UPID
US90-0726131
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
-
Celestino Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.26M
Owner & transaction history
3202 Pacific LLC · 4 yrs held
3202 Pacific LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R4L · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+80.0%
Retail stores
$1.8M
+76.3%
Warehouse, storage
$1.8M
+74.9%
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
$1,300,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,020,000
Current use
COMMERCIAL (GENERAL)
$1,835,000
Change: +80% · Conversion: Moderate
RETAIL STORES
$1,800,000
Change: +76% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,785,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$1,460,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.30M (Aug 20 2021)
Last sale anchor
$1.30M
Aug 20 2021
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
$211 / 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
$16,322
Tax year 2024
Assessed value
$1,468,500
Assessed 2024
Previous assessed
$1,468,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$275,800
Assessed improvement
$1,192,700
Land market value
$275,800
Improvement market value
$1,192,700
Total market value
$1,468,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Units
8
Total area
5,959 SF
Lot
0.3 ac (13,000 SF)
Zoning code
R4L
APN
2082120050
UPID
US90-0726131
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R4L · Tacoma, WA
Zoning R4L · permitted uses
R4L · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Units
8
Lot
0.3 ac
Current owner
From public records · entity-resolved
3202 Pacific LLC
Entity
Mailing address
1024 32ND AVE E, SEATTLE, WA 98112-3704
Ownership since
2021
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
Aug 20, 2021
$1,299,200
3202 Pacific LLC
Darpat LLC
Warranty Deed
$1,040,000 · Americas Cu
May 17, 2019
$1,165,000
Darpat LLC
Glasshouse Two LLC
Warranty Deed
—
May 14, 2018
$2,649,719
Glasshouse Two LLC
Tyroda Royal View LLC
Warranty Deed
$1,841,000 · Alaska USA FCU
Dec 30, 2016
$1,243,519
Tyroda Royal View LLC
Pacific Terrace I & II LLC
Warranty Deed
$937,500 · Opus Bank
Dec 30, 2016
—
James E Jensen
Jensen,lindsey R
Quit Claim Deed
related
—
Nov 6, 2015
—
Bruno Kaiser
Hoffman Family Trust
Warranty Deed
—
Dec 7, 2006
—
Pacific Terrace I & II LLC
Hokold,osca T & Olivann
Quit Claim Deed
related
—
Sep 15, 1988
$140,000
Oscar Hokold
Unknown
Grant Deed
—
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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