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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Office Spaces
1702 72nd St, Tacoma, WA 98408-1238
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0314680
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Construction
WOOD FRAME
Total area
10,856 SF
Lot
0.82 ac (35,561 SF)
Zoning code
T
APN
9345000524
UPID
US90-0314680
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
-
Sandra Jerke & Associates Financial Advisor
-
Radiant Physical Therapy and Massage Alternative Medicine Practice Spa & Massage Center
-
Dr. Joel Vranna Alternative Medicine Practice
-
Dr. Michael Clifton Alternative Medicine Practice
-
You Knead Me Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.92M
Owner & transaction history
1702 S 72nd Street LLC · 11 yrs held
1702 S 72nd Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
T · Tacoma, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±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
$177 / 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
$19,547
Tax year 2024
Assessed value
$1,758,900
Assessed 2024
Previous assessed
$1,758,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,123,900
Assessed improvement
$635,000
Land market value
$1,123,900
Improvement market value
$635,000
Total market value
$1,758,900
Applied tax rate
5.0000
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
1976
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
10,856 SF
Lot
0.82 ac (35,561 SF)
Zoning code
T
APN
9345000524
UPID
US90-0314680
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
1702 S 72nd Street LLC
Entity
Mailing address
9148 EAGLE PT LOOP RD SW, LAKEWOOD, WA 98498-1056
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Aug 8, 2017
—
1702 So 72nd Street LLC
—
Deed
related
$343,437 · Us Bank NA
Jan 2, 2015
—
1702 S 72nd Street LLC
Vranna,joel D
Grant Deed
—
Jul 20, 2000
$971,438
Joel D Vranna
Leone,richard & Yvonne
Grant Deed
$144,354 · Seller
—
—
Richard Leone
—
Deed Of Trust
related
$62,399 · Us Bank
—
—
Joel D Vranna
—
Deed Of Trust
related
$495,000 · Bank Of America
—
—
Joel D Vranna
—
Deed Of Trust
related
$750,000 · Heritage Bank
—
—
Richard D Leone
—
Deed Of Trust
related
$675,000 · Heritage Savings Bank Fsb
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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