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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Medical Office Space
11212th Sunrise Blvd E, WA
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0885564
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
WOOD FRAME
Total area
36,514 SF
Lot
8.66 ac (377,230 SF)
Zoning code
CC
APN
419274018
UPID
US90-0885564
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
$4.78M
Owner & transaction history
Clise Sunrise Campus LLC · 11 yrs held
Clise Sunrise Campus LLC
since 2014
4 recorded transactions
Zoning & alternative use
CC · E, 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 E submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs E 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
$131 / 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
$162,375
Tax year 2024
Assessed value
$15,019,500
Assessed 2024
Previous assessed
$15,019,500
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$4,831,700
Assessed improvement
$10,187,800
Land market value
$4,831,700
Improvement market value
$10,187,800
Total market value
$15,019,500
Applied tax rate
195.0000
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
2004
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
36,514 SF
Lot
8.66 ac (377,230 SF)
Zoning code
CC
APN
419274018
UPID
US90-0885564
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · E, WA
Zoning CC · permitted uses
CC · E, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
E. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
8.66 ac
Current owner
From public records · entity-resolved
Clise Sunrise Campus LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1700 7TH AVE STE #1800, SEATTLE, WA 98101-1312
Ownership since
2014
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
Aug 1, 2014
—
Clise Sunrise Campus LLC
Clise Properties INC
Quit Claim Deed
—
Jun 12, 2014
—
Clise Properties INC
Clise Sunrise LLC
Quit Claim Deed
—
Dec 26, 2013
$40,200,000
Clise Sunrise LLC
Sunrise Medical 1 LLC
Warranty Deed
$40,163,331 · Clise Properties INC
May 18, 2005
—
Sunrise Medical One LLC
Sunrise Medical Campus LLC
Quit Claim Deed
related
$11,475,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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