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Property profile & analytics
OFF-MARKET
Estimated value
$5,150,000
Flex space
7011 19th St Tacoma, WA 98466-5333
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0661974
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Construction
WOOD FRAME
Total area
26,056 SF
Lot
6.37 ac (277,521 SF)
Zoning code
CCX
APN
220034056
UPID
US90-0661974
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
-
Wood University University
-
APA - The Engineered Wood Association Charitable Organization Social Service Agency
-
Plywood General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.29M
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$5.15M
Owner & transaction history
Apa-the Engineered Wood Assn · 6 yrs held
Apa-the Engineered Wood Assn
since 2020
6 recorded transactions
Zoning & alternative use
CCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.9M
+36.6%
Warehouse, storage
$7.8M
+35.5%
Commercial (general)
$7.7M
+33.9%
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%
$4,650,000
6.5%
$4,290,000
7%
$3,985,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,760,000
Current use
RETAIL STORES
$7,870,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,805,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,715,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$6,375,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$5.15M
Range $4.64M – $5.67M · ±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
$198 / 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
$118,874
Tax year 2024
Assessed value
$10,701,600
Assessed 2024
Previous assessed
$10,701,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,199,500
Assessed improvement
$5,502,100
Land market value
$5,199,500
Improvement market value
$5,502,100
Total market value
$10,701,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
26,056 SF
Lot
6.37 ac (277,521 SF)
Zoning code
CCX
APN
220034056
UPID
US90-0661974
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CCX · Tacoma, WA
Zoning CCX · permitted uses
CCX · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tacoma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.8M
RETAIL STORES
Est. value
$7.9M
WAREHOUSE, STORAGE
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1969
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
6.37 ac
Current owner
From public records · entity-resolved
Apa-the Engineered Wood Assn
Individual
Mailing address
7011 S 19TH ST, TACOMA, WA 98466-5333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
Apa-the Engineered Wood Assn
—
Deed
related
$1,000,000 · Farm Credit Svcs
Apr 17, 2019
—
Apa-the Engineered Wood Assn
—
Deed
related
$1,000,000 · Farm Credit Svcs
Apr 12, 2018
—
Apa-the Engineered Wood Assn
—
Deed
related
$3,000,000 · Farm Credit Svcs
—
—
Apa-the Engineered Wood Assn
—
Loan Modification
related
$1,000,000 · Farm Credit Svcs
—
—
Apa-the Engineered Wood Assn
—
Loan Modification
related
$1,000,000 · Farm Credit Svcs
—
—
Apa-the Engineered Wood Assn
—
Deed Of Trust
related
$3,000,000 · Farm Credit Svcs
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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