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Property profile & analytics
OFF-MARKET
Estimated value
$5,505,000
Manufacturing properties
401 15th St Tacoma, WA 98421-1601
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2675047
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Lot
3.41 ac (148,757 SF)
Zoning code
M2
APN
320041054
UPID
US90-2675047
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
$5.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
P&s Co LLC · 4 yrs held
P&s Co LLC
since 2022
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
M2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M-2 Heavy Industrial District This M -2 District is intended to allow most industrial uses. Impacts from these uses include extended operating hours, heavy truck traffic, and higher levels of noise and odors. The maximum building height in this district is 100 feet.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
21.94 ac
Source
Ordinance Table
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
$5,445,000
ML approach
$5,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.51M
Range $4.95M – $6.06M · ±10% · vs last sale $5.50M (Mar 2 2022)
Last sale anchor
$5.50M
Mar 2 2022
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
—
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
$34,094
Tax year 2024
Assessed value
$3,068,500
Assessed 2024
Previous assessed
$3,068,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,068,500
Land market value
$3,068,500
Total market value
$3,068,500
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Heating
NONE
Lot
3.41 ac (148,757 SF)
Zoning code
M2
APN
320041054
UPID
US90-2675047
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Tacoma, WAZoning M2 · permitted uses
M2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M-2 Heavy Industrial District This M -2 District is intended to allow most industrial uses. Impacts from these uses include extended operating hours, heavy truck traffic, and higher levels of noise and odors. The maximum building height in this district is 100 feet.
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
21.94 ac
Source
Ordinance Table
Building & site characteristics
From public records
Heating
NONE
Lot
3.41 ac
Current owner
From public records · entity-resolved
P&s Co LLC
Entity
Mailing address
401 E 15TH ST, TACOMA, WA 98421-1601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$5,500,000
P&s Co LLC
Cypress Jmm Holdings LLC
Warranty Deed
—
Jan 9, 2018
$5,000,000
Cypress Jmm Holdings LLC
Washington Landmark Holdings L
Warranty Deed
—
Jul 18, 2014
$6,001,992
Landmark Holdings L Washington
Puget Sound Trustee
Trustees Deed
—
Dec 31, 2012
—
J M Martinac Real Props LLC
—
Deed Of Trust
related
$5,479,000 · Alaskan Leader Fisheries LLC
Jul 15, 2008
—
J M Martinac Real Props LLC
J M Martinac Shipbuilding Corp
Quit Claim Deed
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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