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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Flex space
3510 Pne St Tacoma, WA 98409-5703
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1535394
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
WOOD FRAME
Total area
10,646 SF
Lot
0.52 ac (22,447 SF)
Zoning code
CIX
APN
9710000022
UPID
US90-1535394
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
-
Harts Plumbers, Electricians, & HVAC Technicians HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.63M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.35M
Owner & transaction history
Happy Life Investments LLC · 5 yrs held
Happy Life Investments LLC
since 2020
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
CIX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+20.7%
Warehouse, storage
$2.8M
+19.1%
Apartment house (5+ units)
$2.7M
+15.5%
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
$2,560,000
ML approach
$2,630,000
CAP Approach
CAP Return
Estimation
6%
$1,900,000
6.5%
$1,755,000
7%
$1,630,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,355,000
Current use
COMMERCIAL (GENERAL)
$2,840,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,805,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,720,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$2,605,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.20M (Aug 12 2020)
Last sale anchor
$2.20M
Aug 12 2020
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
$221 / 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
$16,276
Tax year 2024
Assessed value
$1,464,400
Assessed 2024
Previous assessed
$1,464,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$378,000
Assessed improvement
$1,086,400
Land market value
$378,000
Improvement market value
$1,086,400
Total market value
$1,464,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Construction
WOOD FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
10,646 SF
Lot
0.52 ac (22,447 SF)
Zoning code
CIX
APN
9710000022
UPID
US90-1535394
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1993
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Happy Life Investments LLC
Entity
Mailing address
3510 S PNE ST, TACOMA, WA 98409-5703
Ownership since
2020
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
Aug 12, 2020
$2,200,000
Happy Life Investments LLC
S & D Kel LLC
Warranty Deed
$2,175,000 · Americas Cu
Jan 8, 2020
—
S & D Kel LLC
—
Grant Deed
related
$1,403,620 · Commencement Bk
Jun 6, 2016
—
S & D Kel LLC
—
Deed
related
$500,000 · Heritage Bk
Dec 29, 2006
—
Keller G L Testamentary Trust
Keller Gordon L
Quit Claim Deed
related
—
Dec 29, 2006
$925,000
S & D Kel LLC
Keller G L Testamentary Trust
Quit Claim Deed
related
$1,700,000 · Rainier Pacific Bank
Feb 2, 1988
$312,000
Gordon L Keller
Unknown
Quit Claim Deed
related
—
—
—
Gordon L Keller
—
Deed Of Trust
related
$700,000 · Westside Community Bank
—
—
S & D Kel LLC
—
Deed Of Trust
related
$500,000 · Heritage Bk
—
—
Gordon L Keller Estate
—
Deed Of Trust
related
$666,000 · Us Bank NA
—
—
S & D Kel LLC
—
Deed Of Trust
related
—
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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