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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Flex space
4540 Adams St Tacoma, WA 98409-2907
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0321211
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1941
Construction
STEEL FRAME
Total area
37,950 SF
Lot
0.46 ac (20,000 SF)
Zoning code
M2
APN
2605000120
UPID
US90-0321211
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
-
Sterile Surgical Systems Surgical Supply Store
-
Sterile Surgical Suppliy (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.88M
Owner & transaction history
Caro Holdings LLC · 6 yrs held
Caro Holdings LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
M2 · Tacoma, 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 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
$3,115,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±10% · vs last sale $2.68M (Jun 12 2020)
Last sale anchor
$2.68M
Jun 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
$76 / 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
$24,577
Tax year 2024
Assessed value
$2,211,700
Assessed 2024
Previous assessed
$2,211,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$290,900
Assessed improvement
$1,920,800
Land market value
$290,900
Improvement market value
$1,920,800
Total market value
$2,211,700
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
1941
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
37,950 SF
Lot
0.46 ac (20,000 SF)
Zoning code
M2
APN
2605000120
UPID
US90-0321211
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Tacoma, WA
Zoning M2 · permitted uses
M2 · 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.
Building & site characteristics
From public records
Year built
1941
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Caro Holdings LLC
Entity
Mailing address
2119 HUNTINGTON LOOP SE, OLYMPIA, WA 98513-3490
Mailing matches property
Yes
Owner-occupied
Yes
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
Sep 3, 2021
—
Caro Holdings LLC
—
Deed
related
$3,546,247 · Timberland Bank
Sep 2, 2021
—
Caro Holdings LLC
—
Deed
related
$3,098,000 · Ameritrust Cdc
Oct 15, 2020
—
Caro Holdings LLC
—
Deed
related
$2,837,000 · Timberland Bank
Jun 12, 2020
$2,675,000
Caro Holdings LLC
Belco
Warranty Deed
$2,360,000 · Private Individual
Oct 27, 2003
—
Belco LLC
—
Deed Of Trust
related
$2,700,000 · Key Bank NA
Sep 2, 2003
—
Belco LLC
Birkey,paul S & Debra R
Quit Claim Deed
related
—
Feb 19, 2002
$1,500,000
Paul S Birkey
Diamond J Marine LLC
Grant Deed
$1,330,000 · Columbia State Bank
Mar 11, 1999
$500,000
Diamond J Marine
D & W Leasing
Grant Deed
$400,000 · Seller
Mar 11, 1997
$306,200
D Leasing
Willingham,rainer O & Linda D
Grant Deed
—
—
—
Paul Birkey
—
Deed Of Trust
related
$631,000 · Evergreen Community Dev Assn
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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