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Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Warehouses
8025 Pacific E Hwy, Tacoma, WA 98422-3907
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0680848
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD FRAME
Total area
24,270 SF
Lot
4.46 ac (194,278 SF)
Zoning code
MUD
APN
421314122
UPID
US90-0680848
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
-
Glacier West Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.47M
Owner & transaction history
Cobalt Storage Milton LLC · 10 yrs held
Cobalt Storage Milton LLC
since 2016
7 recorded transactions
Zoning & alternative use
MUD · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,475,000
6.5%
$3,210,000
7%
$2,980,000
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±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
$102 / 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
$57,196
Tax year 2024
Assessed value
$5,729,200
Assessed 2024
Previous assessed
$5,729,200
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,962,000
Assessed improvement
$3,767,200
Land market value
$1,962,000
Improvement market value
$3,767,200
Total market value
$5,729,200
Applied tax rate
79.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
SPACE
Buildings
9
Stories
2
Bathrooms
1
Total area
24,270 SF
Lot
4.46 ac (194,278 SF)
Zoning code
MUD
APN
421314122
UPID
US90-0680848
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Tacoma, WA
Zoning MUD · permitted uses
MUD · 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.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Buildings
9
Bathrooms
1
Lot
4.46 ac
Current owner
From public records · entity-resolved
Cobalt Storage Milton LLC
Entity
Mailing address
223 10TH ST S, KIRKLAND, WA 98033-6729
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
Cobalt Storage Milton LLC
—
Deed
related
$6,100,000 · Heritage Southeast Bank
Mar 2, 2018
—
Cobalt Storage Milton LLC
—
Deed
related
$5,075,000 · Ubs Ag
Feb 1, 2017
—
Cobalt Storage Milton LLC
—
Deed
related
$1,397,000 · Harborstone Cu
Jan 28, 2016
$4,500,000
Cobalt Storage Milton LLC
8025 LLC
Warranty Deed
$3,703,000 · Harborstone Cu
Dec 31, 1998
—
8025 LLC
—
Grant Deed
related
$2,100,000 · Interwest Bank
Sep 26, 1997
—
8025 LLC
Luce,kenyon E & Karen B
Quit Claim Deed
related
$2,100,000 · Interwest Bank
—
—
Cobalt Storage Milton LLC
—
Loan Modification
related
$1,397,000 · Harborstone Cu
—
—
Cobalt Storage Milton LLC
—
Deed Of Trust
related
$5,075,000 · Ubs Ag
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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