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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Flex space
3206 232nd E St Spanaway, WA 98387-7410
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0916545
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Construction
STEEL FRAME
Total area
8,000 SF
Lot
5 ac (217,800 SF)
Zoning code
CE
APN
318144047
UPID
US90-0916545
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.65M
Owner & transaction history
John R Leskajan LLC · 1 yrs held
John R Leskajan LLC
since 2024
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
CE · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10% · vs last sale $1.75M (Mar 17 2024)
Last sale anchor
$1.75M
Mar 17 2024
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
$206 / 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
$14,212
Tax year 2024
Assessed value
$1,004,000
Assessed 2024
Previous assessed
$1,004,000
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$928,500
Assessed improvement
$75,500
Land market value
$928,500
Improvement market value
$75,500
Total market value
$1,004,000
Applied tax rate
591.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
8,000 SF
Lot
5 ac (217,800 SF)
Zoning code
CE
APN
318144047
UPID
US90-0916545
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WAZoning CE · permitted uses
CE · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
John R Leskajan LLC
Entity
Mailing address
3129 S LAWRENCE ST TACOMA
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
John R Leskajan LLC
Leskajan Property Management LLC
Deed
$739,000 · Northwest Business Development Associati
Jun 17, 2024
$1,750,000
Leskajan Property Management LLC
Stella Mae Rude
Warranty Deed
$899,000 · Harvest Commercial Capital LLC
Jun 8, 2023
—
Stella Mae Rude
Stella Mae Rude
Intrafamily Transfer
related
—
Mar 17, 2005
—
Rude Richard & Stella Trust
Rude,richard L & Stella M
Quit Claim Deed
related
—
Jul 19, 2001
$55,000
Stella M Rude
Heimrath,ludwig & Kathy
Quit Claim Deed
related
—
Jul 6, 1990
$46,500
Heimrath Ludwig
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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