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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Medical Office Space
1112 Cushman Ave, Tacoma, WA 98405-3631
Individually Owned
22-yr Hold
Free & Clear
Property ID
US90-3328886
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD FRAME
Total area
7,304 SF
Lot
0.75 ac (32,500 SF)
Zoning code
T
APN
2011300020
UPID
US90-3328886
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
-
Dr. Gilsun Yu, DDS Dental Office
-
Dr. Shinsim C. Kim, DDS Dental Office
-
Sea Mar Tacoma Dental Clinic - Cushman Dental Office
-
Sea Mar Tacoma Medical Clinic - Cushman Medical Clinic
-
Sea Mar Community Health Centers Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$1.33M
Owner & transaction history
Sea-mar Community Health Ctr · 22 yrs held
Sea-mar Community Health Ctr
since 2004
3 recorded transactions
Zoning & alternative use
T · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.2M
+23.4%
Warehouse, storage
$2.2M
+22.4%
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%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,785,000
Current use
RETAIL STORES
$2,205,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,190,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,620,000
Change: -9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,615,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±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
$182 / 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
$11
Tax year 2024
Assessed value
$2,461,900
Assessed 2024
Previous assessed
$2,461,900
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$545,800
Assessed improvement
$1,916,100
Land market value
$545,800
Improvement market value
$1,916,100
Total market value
$2,461,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
7,304 SF
Lot
0.75 ac (32,500 SF)
Zoning code
T
APN
2011300020
UPID
US90-3328886
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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
MEDICAL BUILDING Current
Est. value
$1.8M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1962
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Sea-mar Community Health Ctr
Individual
Free & Clear · 22 yrs held
Mailing address
1040 S HENDERSON ST, SEATTLE, WA 98108-4720
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2014
—
Sea-mar Community Health Cente
—
Grant Deed
related
$33,000,000 · Private Individual
Jun 7, 2004
$990,000
Sea-mar Community Health Ctr
Group Health Cooperative
Grant Deed
—
—
—
Sea-mar Community Health Ctr
—
Deed Of Trust
related
$11,475,000 · Washington Health Care Facilit
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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