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Property profile & analytics
OFF-MARKET
Office Spaces
1263 Thornton SW Ave Pacific, WA 98047-2111
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1757853
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1940
Total area
896 SF
Lot
0.29 ac (12,632 SF)
Zoning code
COMMERCIAL
APN
420028003
UPID
US90-1757853
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
Gary Jorgensen · 5 yrs held
Gary Jorgensen
since 2020
Last sale
$136,280
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Pacific, 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 Pacific submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
$2,644
Tax year 2024
Assessed value
$256,700
Assessed 2024
Previous assessed
$256,700
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$207,600
Assessed improvement
$49,100
Land market value
$207,600
Improvement market value
$49,100
Total market value
$256,700
Applied tax rate
86.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1940
Heating
NONE
Cooling
NONE
Stories
1
Total area
896 SF
Lot
0.29 ac (12,632 SF)
Zoning code
COMMERCIAL
APN
420028003
UPID
US90-1757853
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
COMMERCIAL · Pacific, WA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Pacific, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gary Jorgensen
Individual
Mailing address
1287 THORNTON AVE SW, PACIFIC, WA 98047-2111
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Gary Jorgensen
Debra Jorgensen
Quit Claim Deed
related
—
Oct 2, 2020
—
Gary A Jorgensen SR.
—
Deed
related
$550,000 · Timberland Bk
Nov 16, 1989
$136,280
Gary A Jorgensen
Baier,mark S
Grant Deed
$97,500 · Baier Mark S
—
—
Gary A Jorgensen
—
Deed Of Trust
related
$384,000 · Timberland Bank
—
—
Gary A Jorgensen
—
Deed Of Trust
related
$480,000 · Timberland Bank
—
—
Gary A Jorgensen SR.
—
Deed Of Trust
related
$800,000 · Bank Of Tacoma
—
—
Gary A Jorgensen SR.
—
Deed Of Trust
related
$398,000 · Northwest Busn Dev Assn
—
—
Gary A Jorgensen
—
Deed Of Trust
related
$101,252 · Frontier Bank
—
—
Gary A Jorgensen
—
Deed Of Trust
related
$332,054 · Frontier Bank
—
—
Gary A Jorgensen SR.
—
Deed Of Trust
related
$550,000 · Timberland Bk
—
—
Gary A Jorgensen SR.
—
Deed Of Trust
related
$240,000 · Key Bank NA
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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