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Property profile & analytics
OFF-MARKET
Banks
10802 Gravelly Lk SW Dr Tacoma, WA 98499-1329
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1179234
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Construction
WOOD FRAME
Total area
3,280 SF
Lot
0.47 ac (20,435 SF)
Zoning code
NC1
APN
219023028
UPID
US90-1179234
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
Dreamcastle Properties LLC · 26 yrs held
Dreamcastle Properties LLC
since 2000
4 recorded transactions
Zoning & alternative use
NC1 · 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
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
$10,693
Tax year 2024
Assessed value
$967,000
Assessed 2024
Previous assessed
$967,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$557,600
Assessed improvement
$409,400
Land market value
$557,600
Improvement market value
$409,400
Total market value
$967,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,280 SF
Lot
0.47 ac (20,435 SF)
Zoning code
NC1
APN
219023028
UPID
US90-1179234
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1 · Tacoma, WA
Zoning NC1 · permitted uses
NC1 · 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
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Dreamcastle Properties LLC
Entity
Mailing address
8806 SE 59TH ST, MERCER ISLAND, WA 98040-4502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2000
$750,392
Dreamcastle Properties LLC
American Savings Bank
Grant Deed
$612,750 · Cassan Enterprises INC
Sep 7, 1999
$645,000
Cassan Enterprises INC
American Savings Bank
Grant Deed
—
—
—
Dreamcastle Properties LLC
—
Deed Of Trust
related
$195,000 · Cnl Mortgage
—
—
Dreamcastle Properties LLC
—
Deed Of Trust
related
$563,000 · Homestreet Bank
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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