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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Medical Office Space
12165 Pacific S Ave, Tacoma, WA 98444-5124
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1582779
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD FRAME
Total area
6,812 SF
Lot
0.49 ac (21,344 SF)
Zoning code
AC
APN
319097003
UPID
US90-1582779
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
-
Parkland Family Dentistry: Dr. Bradley Norman Dental Office
-
Parkland Family Dentistry: Dent Greg DDS Dental Office
-
Parkland Family Dentistry: Joelle Moussi DDS Dental Office
-
Dr. Sean Wittmer Dental Office
-
Parkland Family Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.61M
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.56M
Owner & transaction history
Clear Lake Properties LLC · 5 yrs held
Clear Lake Properties LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
AC · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+50.9%
Commercial (general)
$2.1M
+26.0%
Retail stores
$2.1M
+23.4%
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
$1,665,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
$1,625,000
6.5%
$1,500,000
7%
$1,390,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,665,000
Current use
AUTO REPAIR, GARAGE
$2,515,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,100,000
Change: +26% · Conversion: Easy
RETAIL STORES
$2,055,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,040,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.50M (Jun 10 2021)
Last sale anchor
$1.50M
Jun 10 2021
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
$228 / 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
$14,501
Tax year 2024
Assessed value
$1,062,200
Assessed 2024
Previous assessed
$1,062,200
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$341,500
Assessed improvement
$720,700
Land market value
$341,500
Improvement market value
$720,700
Total market value
$1,062,200
Applied tax rate
515.0000
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
2
Total area
6,812 SF
Lot
0.49 ac (21,344 SF)
Zoning code
AC
APN
319097003
UPID
US90-1582779
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
AC · Tacoma, WA
Zoning AC · permitted uses
AC · 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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Clear Lake Properties LLC
Entity
Mailing address
12165 PACIFIC AVE S, TACOMA, WA 98444-5124
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
$1,500,000
Clear Lake Properties LLC
Parkland Professional Center LLC
Warranty Deed
$1,342,571 · Parkland Professional Center LLC
Dec 6, 2018
—
Parkland Prof Ctr LLC
Allar Properties LLC
Quit Claim Deed
related
—
Apr 5, 2000
—
Allar Properties LLC
Henry,thomas R & Darilyn K
Grant Deed
related
—
—
—
Allar Properties LLC
—
Deed Of Trust
related
$500,000 · Umpqua Bank
—
—
Thomas R Henry
—
Deed Of Trust
related
$832,000 · Key Bank NA
—
—
Allar Properties LLC
—
Deed Of Trust
related
—
—
—
Allar Properties LLC
—
Deed Of Trust
related
$575,000 · Rainier Pacific 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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