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    Property profile & analytics

    5202 Washington St Tacoma, WA 98409-2712

    • Warehouses
    • 9,132 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1502659
    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

    • Warehouses

    Property Details for 5202 Washington St

    Year built
    1947
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    9,132 SF
    Zone code
    CIX
    Property type
    Warehouses
    APN
    5740000420
    APU
    5740000420

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,825,000
      7%
      $1,695,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $857,000
      Market price range: $330k - $2.14M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,020,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.486
    Latitude
    47.2095
    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
    $13,914
    $515,900
    $735,800
    $1,251,700
    -
    $515,900
    $735,800
    $1,251,700

    Comparable in this City

    • Value Estimation by Request
      1,172 SF

      3510 Mullen St

      WAREHOUSE, STORAGE • 1,172 SF
      3510 Mullen St, Tacoma, WA 98409-2200
      View Details
    • Value Estimation
      $2,290,000
      20,120 SF

      7604 Tacoma Way

      WAREHOUSE, STORAGE • 20,120 SF
      7604 Tacoma Way, Tacoma, WA 98409-3808
      View Details
    • Value Estimation by Request
      470 SF

      1633 Tacoma Way

      WAREHOUSE, STORAGE • 470 SF
      1633 Tacoma Way, Tacoma, WA 98409-7950
      View Details
    • Value Estimation
      $780,000
      5,880 SF

      3847 Puget Sound Ave

      WAREHOUSE, STORAGE • 5,880 SF
      3847 Puget Sound Ave, Tacoma, WA 98409-4612
      View Details
    • Value Estimation
      $2,320,000
      14,798 SF

      5802 Washington St, Unit 26407

      WAREHOUSE, STORAGE • 14,798 SF
      5802 Washington St, Tacoma, WA 98409-2629
      View Details
    • Value Estimation
      $1,790,000
      11,700 SF

      3815 Cedar St

      WAREHOUSE, STORAGE • 11,700 SF
      3815 Cedar St, Tacoma, WA 98409-5619
      View Details

    Similar Nearby for Sale

    • $2,450,000

      Warehouse and Office Space Available

      Warehouse and office space with secured yard in South Tacoma.
      6035 Adams St, Tacoma, WA 98409
      View Details
    • Contact for pricing

      Tacoma Industrial Space For Sale

      25,806 SF industrial space in Tacoma's Nalley Valley.
      3101 S Pine St, Tacoma, WA 98409
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      Tacoma Industrial Space with Cranes

      40,415 SF industrial space with heavy power and cranes.
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    • $5,200,000

      Tacoma Nalley Valley Warehouse Investment

      Light industrial/flex warehouse with owner-user space, superb location.
      2940 M St, Tacoma, WA 98409
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    • Contact for pricing
      34,160 SF

      Tacoma Industrial Space Available

      34,160 SF industrial space in South Tacoma.
      5640 South Durango St, Tacoma, WA 98409
      View Details
    • $1,900,000
      16,000 SF

      Tacoma Warehouse with 18' Clearance

      16,000 SF warehouse on 0.637 acres with ground-level loading.
      1212 30Th St, Tacoma, WA 98409
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Industrial Space Available For Sublease

      3,500 SF industrial space with secured access for sublease.
      3113-1 S Pine St, Tacoma, WA 98409
      View Details
    • Contact for pricing
      26,068 SF

      Industrial Property with Secured Yard

      26,068 SF industrial space with secured outdoor yard.
      4520 S Adams St, Tacoma, WA 98409
      View Details
    • $8,575 /Mo
      4,900 SF

      Retail/Office/Warehouse Space Available

      Flex space with roll-up door for lease.
      3802 Warner St, Tacoma, WA 98409
      View Details
    • Contact for pricing
      19,133 SF

      Mixed-Use Property in Opportunity Zone

      Mixed-use property with warehouse, retail, and office spaces for sale.
      3802 S Cedar St, Tacoma, WA 98409
      View Details
    • Contact for pricing
      5,000 SF

      Tacoma Warehouse Space Available

      5,000 square foot warehouse space for rent in Tacoma.
      3001 S Huson St, Tacoma, WA 98409
      View Details
    • $24,806
      11,907 SF

      Tacoma Warehouse Space Available

      Warehouse space available for lease in Tacoma, Washington.
      3866 74Th St, Tacoma, WA 98409
      View Details
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    5202 Washington St
    Tacoma, WA 98409-2712
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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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