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Property profile & analytics
OFF-MARKET
Estimated value
$8,070,000
Flex space
4615 192nd E St Tacoma, WA 98446-2753
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0947532
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
STEEL FRAME
Total area
42,000 SF
Lot
24.33 ac (1,059,815 SF)
Zoning code
EC
APN
319364038
UPID
US90-0947532
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
-
James Hardie Tacoma 2 Plant Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.92M
Comparable Approach
Comparable
$8.51M
Blend (final)
Blend
$8.07M
Owner & transaction history
James Hardie Building Products · 11 yrs held
James Hardie Building Products
since 2014
7 recorded transactions
Zoning & alternative use
EC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Commercial (general)
$12.9M
+39.5%
Retail stores
$12.7M
+36.6%
Warehouse, storage
$12.6M
+35.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,495,000
6.5%
$6,920,000
7%
$6,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,285,000
Current use
COMMERCIAL (GENERAL)
$12,945,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$12,685,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$12,585,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$10,280,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$8.07M
Range $7.26M – $8.88M · ±10%
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
$192 / 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
$1,895,633
Tax year 2024
Assessed value
$167,570,800
Assessed 2024
Previous assessed
$167,570,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$17,104,300
Assessed improvement
$150,466,500
Land market value
$17,104,300
Improvement market value
$150,466,500
Total market value
$167,570,800
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
1985
Construction
STEEL FRAME
Heating
SPACE
Buildings
9
Stories
1
Units
1
Total area
42,000 SF
Lot
24.33 ac (1,059,815 SF)
Zoning code
EC
APN
319364038
UPID
US90-0947532
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Tacoma, WAZoning EC · permitted uses
EC · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES
Est. value
$12.7M
WAREHOUSE, STORAGE
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
9
Units
1
Lot
24.33 ac
Current owner
From public records · entity-resolved
James Hardie Building Products
Individual
Mailing address
26300 LA ALAMEDA STE #250, MISSION VIEJO, CA 92691-6380
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2014
$27,900,000
James Hardie Building Products
Key Dev Investment LLC
Grant Deed
—
May 18, 2012
—
Key Dev Investment LLC
—
Deed Of Trust
related
$11,000,000 · Heritage Bank
Dec 22, 2000
—
Key Development Investments
—
Grant Deed
related
$4,774,000 · Heritage Bank
Dec 16, 1999
$7,000,000
Key Development Investment LLC
Y C A INC
Grant Deed
$5,543,463 · Heritage Savings Bank Fsb
—
—
Key Dev Investment LLC
—
Deed Of Trust
related
$11,000,000 · Heritage Bank
—
—
Key Develoment Investment LLC
—
Deed Of Trust
related
$11,325,000 · Us Bank NA
—
—
Key Dev Investment LLC
—
Deed Of Trust
related
$3,000,000 · Us Bank NA
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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