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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
1339 Alameda Ave Fircrest, WA 98466-6552
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1512701
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1950
Construction
WOOD FRAME
Total area
2,450 SF
Lot
0.4 ac (17,400 SF)
Zoning code
NO
APN
9430000530
UPID
US90-1512701
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
$540k
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$525k
Owner & transaction history
Emerson Dental INC PC · 11 yrs held
Emerson Dental INC PC
since 2014
5 recorded transactions
Zoning & alternative use
NO · Fircrest, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
43 RESIDENTIAL-30 DISTRICT (R-30) § 22.43.001 Purpose. § 22.43.002 Permitted uses. § 22.43.003 Accessory uses. § 22.43.004 Conditional uses. § 22.43.005 Development standards. Chapter 22.44 NEIGHBORHOOD OFFICE DISTRICT (NO) § 22.44.001 Purpose. § 22.44.002 Permitted uses. § 22.44.003 Accessory uses. § 22.44.004 Conditional uses. § 22.44.005 Prohibited uses.…
Zone name
Neighborhood Office
General category
COMMERCIAL
Zone area
2.49 ac
Top alternative use upside
Retail stores
$740,000
+23.4%
Warehouse, storage
$735,000
+22.4%
Commercial (general)
$725,000
+21.0%
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 Fircrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fircrest 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%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$600,000
Current use
RETAIL STORES
$740,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$735,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$214 / 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
$7,049
Tax year 2024
Assessed value
$758,000
Assessed 2024
Previous assessed
$758,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$545,700
Assessed improvement
$212,300
Land market value
$545,700
Improvement market value
$212,300
Total market value
$758,000
Applied tax rate
71.0000
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
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,450 SF
Lot
0.4 ac (17,400 SF)
Zoning code
NO
APN
9430000530
UPID
US90-1512701
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NO · Fircrest, WAZoning NO · permitted uses
NO · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
43 RESIDENTIAL-30 DISTRICT (R-30) § 22.43.001 Purpose. § 22.43.002 Permitted uses. § 22.43.003 Accessory uses. § 22.43.004 Conditional uses. § 22.43.005 Development standards. Chapter 22.44 NEIGHBORHOOD OFFICE DISTRICT (NO) § 22.44.001 Purpose. § 22.44.002 Permitted uses. § 22.44.003 Accessory uses. § 22.44.004 Conditional uses. § 22.44.005 Prohibited uses. § 22.44.006 Development standards. Chapter 22.46 NEIGHBORHOOD COMMERCIAL DISTRICT
Zone name
Neighborhood Office
General category
COMMERCIAL
Zone area
2.49 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$600,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$725,000
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
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Emerson Dental INC PC
Entity
Mailing address
6816 58TH ST CT W, UNIVERSITY PLACE, WA 98467-2233
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2014
$339,719
Emerson Dental INC PC
John Atkinson
Warranty Deed
—
Dec 16, 2010
—
Atkinson Ruth A Family Trust
Atkinson Living Trust
Quit Claim Deed
related
—
May 11, 2005
—
Atkinson Trust
Atkinson,hiram & Ruth A
Quit Claim Deed
related
—
Feb 29, 1988
$83,000
John Atkinson
Unknown
Grant Deed
$78,020 · Seller
—
—
John Atkinson
—
Deed Of Trust
related
$245,000 · Harborstone Cu
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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