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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    43 Broadway Tacoma, WA 98402-4104

    • Apartment buildings
    • 3,861 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3111794
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Estate Siding / Siding Contractor

    Property Details for 43 Broadway

    Year built
    1938
    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property size
    3,861 SF
    Zone code
    DR
    Property type
    Apartment buildings
    APN
    2000050090
    APU
    2000050090

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $735,000
      6.5%
      $680,000
      7%
      $630,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $800,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.445
    Latitude
    47.2632
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,242
    $524,700
    $756,500
    $1,281,200
    -
    $524,700
    $756,500
    $1,281,200

    Comparable in this City

    • Value Estimation
      $6,365,000
      57,076 SF

      435 Fawcett Ave

      APARTMENT HOUSE (5+ UNITS) • 57,076 SF
      435 Fawcett Ave, Tacoma, WA 98402-2422
      View Details
    • Value Estimation by Request
      3,000 SF

      702 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 3,000 SF
      702 Pacific Ave, Tacoma, WA 98402-5208
      View Details
    • Value Estimation
      $1,075,000
      5,416 SF

      404 23rd St

      APARTMENT HOUSE (5+ UNITS) • 5,416 SF
      404 23rd St, Tacoma, WA 98402-2901
      View Details
    • Value Estimation by Request
      2,560 SF

      10729 123rd St E Ct

      APARTMENT HOUSE (5+ UNITS) • 2,560 SF
      10729 123rd St E Ct, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      4,548 SF

      306 28th St

      APARTMENT HOUSE (5+ UNITS) • 4,548 SF
      306 28th St, Tacoma, WA 98402-2713
      View Details
    • Value Estimation
      $625,000
      3,735 SF

      4100 207th St E Ct

      APARTMENT HOUSE (5+ UNITS) • 3,735 SF
      4100 207th St E Ct, Tacoma, WA 98402
      View Details

    Similar Nearby for Sale

    • $480,000
      1,042 SF

      Tacoma Stadium District Top Floor Condo

      Top-floor condo with mountain and bay views in Tacoma's Stadium District.
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    • $2,400,000
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      Permitted Multifamily Development Site

      Shovel-ready 80-unit development site in Tacoma, WA.
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    • $4,000,000
      51,000 SF

      Tacoma Mixed-Use Investment Opportunity

      Two buildings, 51,000 SF, prime location
      738 Broadway, Tacoma, WA 98402
      View Details
    • $11,412,000
      1.59 Acres

      Tacoma Super Block Development Site

      Prime Downtown Tacoma land, huge potential.
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    • $6,800,000

      Tacoma Live/Work Historic Building

      Luxury Penthouse & Commercial Space
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    • $3,500,000
      24,000 SF

      Office and Retail Buildings For Sale

      Two renovated buildings: office/retail and parking garage.
      722 Broadway, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      156 SF

      Brewery District Mixed-Use Development

      Mixed-use development in historic Brewery District with retail, office, residential.
      2102-2135 S Commerce St, Tacoma, WA 98402
      View Details
    • $17 SF/Yr
      6,732 SF

      Downtown Tacoma Retail Space

      Prime Tacoma location, multiple suites available.
      901 Pacific Ave, Tacoma, WA 98402
      View Details
    • $12 SF/Yr
      36,000 SF

      Tacoma Warehouse: 36,000 SF

      Downtown Tacoma industrial space, perfect for distribution.
      2128 Pacific Ave, Tacoma, WA 98402
      View Details
    • $26 SF/Yr
      2,308 SF

      Modern Office Space in Tacoma

      High-end office space with excellent access and modern amenities.
      1132-1148 Broadway, Tacoma, WA 98402
      View Details
    • $20 SF/Yr
      2,224 SF

      Renovated Office Building in Tacoma CBD

      Multi-tenant office building with convenient access to freeway and public transportation.
      1001-1005 Pacific Ave, Tacoma, WA 98402
      View Details
    • $24 SF/Yr
      10,085 SF

      Renovated Office Space Near Convention

      Meticulously renovated office space with modern finishes and on-site parking.
      2106-2114 Pacific Ave, Tacoma, WA 98402
      View Details
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    43 Broadway
    Tacoma, WA 98402-4104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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