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Property profile & analytics
OFF-MARKET
Estimated value
$59,350,000
Hospitals
11567 Canterwood Blvd, Gig Harbor, WA 98332-5812
Entity Owned
Free & Clear
Property ID
US90-0623914
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2007
Construction
STEEL FRAME
Total area
308,000 SF
Lot
23.44 ac (1,020,959 SF)
Zoning code
PCD-BP
APN
3001140010
UPID
US90-0623914
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
-
St. Anthony Hospital - Emergency Room Hospital
-
Franciscan Inpatient Team at St. Anthony Medical Clinic
-
Stephen Ryan, MD Physician
-
Borislav Kirov, MD Physician
-
SCOTT E YOUNG Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$67.19M
Comparable Approach
Comparable
$47.22M
Blend (final)
Blend
$59.35M
Owner & transaction history
Gig Harbor Physicians LLC
Gig Harbor Physicians LLC
1 recorded transaction
Zoning & alternative use
PCD-BP · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$94.3M
+11.6%
Warehouse, storage
$91.9M
+8.7%
Commercial (general)
$91.9M
+8.7%
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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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%
$72,790,000
6.5%
$67,190,000
7%
$62,390,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$84,550,000
Current use
RETAIL STORES
$94,315,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$91,905,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$91,885,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$59.35M
Range $53.42M – $65.29M · ±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
$193 / 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
$30,207
Tax year 2024
Assessed value
$169,511,000
Assessed 2024
Previous assessed
$169,511,000
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$6,727,000
Assessed improvement
$162,784,000
Land market value
$6,727,000
Improvement market value
$162,784,000
Total market value
$169,511,000
Applied tax rate
75.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
5
Units
1
Total area
308,000 SF
Lot
23.44 ac (1,020,959 SF)
Zoning code
PCD-BP
APN
3001140010
UPID
US90-0623914
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
PCD-BP · Gig Harbor, WA
Zoning PCD-BP · permitted uses
PCD-BP · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$84.6M
RETAIL STORES
Est. value
$94.3M
WAREHOUSE, STORAGE
Est. value
$91.9M
COMMERCIAL (GENERAL)
Est. value
$91.9M
MEDICAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
5
Units
1
Lot
23.44 ac
Current owner
From public records · entity-resolved
Gig Harbor Physicians LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3400 DATA DR, RANCHO CORDOVA, CA 95670-7956
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
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
—
—
Gig Harbor Physicians LLC
—
Deed Of Trust
related
—
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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