Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6212 29th NE St Tacoma, WA 98422-3322

    • Commercial real estate
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1727264
    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

    • War Pony of Northeast / (Bike/Boat/Book/etc) Store

    Property Details for 6212 29th NE St

    Year built
    1956
    Construction
    WOOD FRAME
    Lot size
    0.30 lot acres
    Zone code
    R2
    Property type
    Commercial real estate
    APN
    6570000150
    APU
    6570000150

    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
    -122.364
    Latitude
    47.2824
    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
    $10
    $226,200
    $9,000
    $235,200
    -
    $226,200
    $9,000
    $235,200

    Comparable in this City

    • Value Estimation
      $6,245,000
      1.46 Acres

      4129 49th NE Ave

      COMMERCIAL (GENERAL) • 1.46 Acres
      4129 49th NE Ave, Tacoma, WA 98422
      View Details
    • Value Estimation
      $1,390,000
      1,408 SF

      6220 29th NE St

      COMMERCIAL (GENERAL) • 1,408 SF
      6220 29th NE St, Tacoma, WA 98422-3322
      View Details
    • Value Estimation by Request
      3.40 Acres

      1870 Marine Vw Dr

      INDUSTRIAL - VACANT LAND • 3.40 Acres
      1870 Marine Vw Dr, Tacoma, WA 98422-4106
      View Details
    • Value Estimation
      $825,000
      10.60 Acres

      1870 Marine Vw Dr

      HEAVY INDUSTRIAL • 10.60 Acres
      1870 Marine Vw Dr, Tacoma, WA 98422-4106
      View Details
    • Value Estimation by Request
      0.16 Acres

      Marine Vw Dr

      VACANT COMMERCIAL LAND • 0.16 Acres
      Marine Vw Dr, Tacoma, WA 98422
      View Details
    • Value Estimation by Request
      750 SF

      1956 Marine Vw Dr

      VEHICLE SALES, RENTALS • 750 SF
      1956 Marine Vw Dr, Tacoma, WA 98422
      View Details

    Similar Nearby for Sale

    • $950,000

      Land For Sale Tacoma

      Land available for sale in Tacoma, Washington.
      Marine View Dr, Tacoma, WA 98422
      View Details
    • $410,000

      Residential Land in Quiet Location

      Quarter acre lot suitable for building a substantial size home.
      619 Hi Ab La Pl, Tacoma, WA 98422
      View Details
    • $275,000
      26,572 SF

      Raw Land on Marine View

      0.61 acres of raw land in the Port of Tacoma.
      3103 Marine View Dr, Tacoma, WA 98422
      View Details
    • $3,000,000
      8,890 SF

      Industrial Property Near Port Operations

      Income-generating industrial property near port with value-add potential.
      1941 Marine View Dr, Tacoma, WA 98422
      View Details
    • $235,000

      View Lot in NE Tacoma

      Rare view lot ready for custom home development.
      2910 44Th Avenue Ct, Tacoma, WA 98422
      View Details
    • $399,950

      Residential Land Investment Opportunity

      Flat lot near transit, potential for up to 7 units.
      1514 Norpoint Way, Tacoma, WA 98422
      View Details

    Similar Nearby for Lease

    • $0.77 SF/Yr
      129,000 SF

      Fife Warehouse Space Available

      129,000 square foot warehouse space for lease in Fife.
      6546 20Th St E, Fife, WA 98422
      View Details
    • $1.20 SF/Yr
      3,000 SF

      Tacoma Flex Space For Rent

      Flex space with easy freeway access, suitable for small businesses.
      12714 Pacific Hwy SW, Tacoma, WA 98422
      View Details
    • Contact for pricing
      42,689 SF

      Tacoma Land Parcel For Rent

      Land parcel available for rent in Tacoma, Washington.
      38Th Ave E, Tacoma, WA 98422
      View Details
    • Contact for pricing
      2,088 SF

      Office Space in Tacoma, WA

      2,088 SF office space available for rent.
      10715 Pacific Hwy Southwest, Tacoma, WA 98422
      View Details
    • $28 SF/Yr
      19,599 SF

      Tacoma Office Space Available

      19599 square feet of office space for lease.
      820 A Street Ct, Tacoma, WA 98422
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6212 29th NE St
    Tacoma, WA 98422-3322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.