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Property profile & analytics
OFF-MARKET
Estimated value
$350,000
Warehouses
525 Puyallup Ave Tacoma, WA 98421-1318
Entity Owned
Free & Clear
Property ID
US90-0944839
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,000 SF
Lot
0.34 ac (14,755 SF)
Zoning code
UCX-TD
APN
2074230060
UPID
US90-0944839
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
-
Kay’s Paint Joint Art Studio
-
Dead Walker Arms Gun Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350k
Owner & transaction history
505 Puyallup Ave LLC
505 Puyallup Ave LLC
since 2026
4 recorded transactions
Zoning & alternative use
UCX-TD · Tacoma, WA
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$350k
Range $315k – $385k · ±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
$27 / 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
$8,784
Tax year 2024
Assessed value
$789,800
Assessed 2024
Previous assessed
$789,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$750,200
Assessed improvement
$39,600
Land market value
$750,200
Improvement market value
$39,600
Total market value
$789,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Units
1
Total area
13,000 SF
Lot
0.34 ac (14,755 SF)
Zoning code
UCX-TD
APN
2074230060
UPID
US90-0944839
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UCX-TD · Tacoma, WAZoning UCX-TD · permitted uses
UCX-TD · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Building & site characteristics
From public records
Year built
1923
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
505 Puyallup Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
18605 17TH AVE NW, SHORELINE, WA 98177-3316
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
$1,000,000
505 Puyallup Ave LLC
Project S31 LLC
Trust Deed
related
—
Jun 29, 2023
—
Project S31 LLC
—
Deed
related
$350,827 · Purcell Legal & Mediation Services LLC
Aug 23, 2019
$2,500,000
Project S31 LLC
Brunner L Gayle
Warranty Deed
$1,750,000 · Martin T & B L/tr (lt)
Jan 28, 2009
—
L Gayle Brunner
Brunner Joseph W
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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