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    Property profile & analytics

    5425 M St Tacoma, WA 98408-3553

    • Apartment buildings
    • 3,048 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2022
    $795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1300229
    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

    • Apartment buildings

    Property Details for 5425 M St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    3,048 SF
    Zone code
    C1
    Property type
    Apartment buildings
    APN
    7785006830
    APU
    7785006830

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.451
    Latitude
    47.2073
    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
    $6,184
    $155,400
    $400,300
    $555,700
    -
    $155,400
    $400,300
    $555,700

    Comparable in this City

    • Value Estimation
      $1,705,000
      9,176 SF

      210 80th St, Unit 222

      APARTMENT HOUSE (5+ UNITS) • 9,176 SF
      210 80th St, Tacoma, WA 98408-5834
      View Details
    • Value Estimation by Request
      3,312 SF

      7342 Wilkeson St

      APARTMENT HOUSE (5+ UNITS) • 3,312 SF
      7342 Wilkeson St, Tacoma, WA 98408-1226
      View Details
    • Value Estimation by Request
      3,312 SF

      7324 Wilkeson St

      APARTMENT HOUSE (5+ UNITS) • 3,312 SF
      7324 Wilkeson St, Tacoma, WA 98408-1223
      View Details
    • Value Estimation
      $515,000
      4,760 SF

      5601 Thompson Ave

      APARTMENT HOUSE (5+ UNITS) • 4,760 SF
      5601 Thompson Ave, Tacoma, WA 98408-5651
      View Details
    • Value Estimation by Request
      5,332 SF

      7630 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 5,332 SF
      7630 Pacific Ave, Tacoma, WA 98408-7003
      View Details
    • Value Estimation by Request
      1,838 SF

      4614 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 1,838 SF
      4614 Pacific Ave, Tacoma, WA 98408-7738
      View Details

    Similar Nearby for Sale

    • $979,950
      7,875 SF

      Mixed-Use Building with Income Streams

      Two-story mixed-use building with apartments, office space, and cell tower.
      5435 M St, Tacoma, WA 98408
      View Details
    • $1,285,000
      4,760 SF

      Tacoma 10-Plex with Rental Income

      Two-story, 10-unit apartment building in Tacoma, fully occupied.
      5601 Thompson Ave, Tacoma, WA 98408
      View Details
    • $3,449,000
      14,063 SF

      Multifamily Opportunity on Pacific Avenue

      Value-add multifamily property with renovation and lease-up potential.
      7603 Pacific Ave, Tacoma, WA 98408
      View Details
    • $3,449,000
      0.81 Acres

      Multifamily Opportunity in Tacoma, WA

      Value-add multifamily property with renovation and income growth potential.
      7603 Pacific Ave, Tacoma, WA 98408
      View Details
    • $1,775,000
      7,889 SF

      Renovated 10-Plex with Garage Units

      Renovated 10-unit apartment building with on-site laundry and garages.
      5404 M St, Tacoma, WA 98408
      View Details
    • $649,000

      Tacoma Commercial Building - Updated

      Prime Tacoma location, fully renovated, great income potential.
      5902 Yakima Ave, Tacoma, WA 98408
      View Details

    Similar Nearby for Lease

    • $2,999 /Mo
      2,184 SF

      Updated Office Space For Rent

      Updated 2-story office space in a busy, convenient location.
      7807 Pacific Ave, Tacoma, WA 98408
      View Details
    • Contact for pricing

      Versatile Space Near Tacoma Mall

      51,000+ SF retail/flex space with excellent visibility.
      1767 S 48Th St, Tacoma, WA 98408
      View Details
    • Contact for pricing

      Regional Power Center I-5 Frontage

      Regional power center with I-5 frontage and freeway access.
      1901 S 72Nd St, Tacoma, WA 98408
      View Details
    • Contact for pricing
      159,786 SF

      Former Grocery Store in Tacoma

      Sublease opportunity: 149,886 SF building on 11 acres.
      7250 Pacific Ave, Tacoma, WA 98408
      View Details
    • $1,800 /Mo
      1,200 SF

      Office Suite with Private Offices

      1,200sf office suite featuring multiple private offices.
      1720 72Nd St, Tacoma, WA 98408
      View Details
    • $3,246 /Mo
      2,164 SF

      Office Suite with Training Area

      2,164 SF office suite featuring private offices and training area.
      1720 72Nd St, Tacoma, WA 98408
      View Details
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    5425 M St
    Tacoma, WA 98408-3553
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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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