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Property profile & analytics
OFF-MARKET
Commercial land
Veterans SW Dr Tacoma, WA 98498
Individually Owned
Absentee Owner
Free & Clear
Property ID
US90-2541902
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.03 ac (1,500 SF)
Zoning code
R4
APN
5005006962
UPID
US90-2541902
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peter J Brady III
Peter J Brady III
since 2026
1 recorded transaction
Zoning & alternative use
R4 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-4-L: Low Density Multiple-Family Dwelling District: The R -4-L District is intended for low -density multiple-family housing, retirement homes, and group living facilities. The R -4L district is very similar to the R -4 District, but has more restrictive site development standards which are intended to minimize adverse impacts of permitted and conditional…
Zone name
Multiple Family Dwelling
General category
RESIDENTIAL
Zone area
149.61 ac
Source
Ordinance Table
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$313
Tax year 2024
Assessed value
$28,800
Assessed 2024
Previous assessed
$28,800
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$28,800
Land market value
$28,800
Total market value
$28,800
Applied tax rate
760.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.03 ac (1,500 SF)
Zoning code
R4
APN
5005006962
UPID
US90-2541902
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Tacoma, WAZoning R4 · permitted uses
R4 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-4-L: Low Density Multiple-Family Dwelling District: The R -4-L District is intended for low -density multiple-family housing, retirement homes, and group living facilities. The R -4L district is very similar to the R -4 District, but has more restrictive site development standards which are intended to minimize adverse impacts of permitted and conditional uses on adjoining lan d. The minimum front setback requirement is 20 feet for the R -4-L District. The maximum building height in this district is 35 feet.
Zone name
Multiple Family Dwelling
General category
RESIDENTIAL
Zone area
149.61 ac
Source
Ordinance Table
Building & site characteristics
From public records
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Peter J Brady III
Individual
Free & Clear · 0 yrs held
Mailing address
9007 VETERANS DR SW, TACOMA, WA 98498-2568
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
$10,000
Peter J Brady III
Cheryl A Broadwater
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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