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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office Spaces
1909 70th W Ave Tacoma, WA 98466-5542
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1168013
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Construction
WOOD FRAME
Total area
4,200 SF
Lot
0.41 ac (17,833 SF)
Zoning code
IB
APN
6465000055
UPID
US90-1168013
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
-
Whalley Law Law Firm Child Welfare Organization
-
Soundcare Inc. Corporate Office
-
Edge Building Maintenance General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$655k
Owner & transaction history
State Of Washington · 2 yrs held
State Of Washington
since 2023
7 recorded transactions
Zoning & alternative use
IB · 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%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,030,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$156 / 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
$8,832
Tax year 2024
Assessed value
$687,500
Assessed 2024
Previous assessed
$687,500
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$408,900
Assessed improvement
$278,600
Land market value
$408,900
Improvement market value
$278,600
Total market value
$687,500
Applied tax rate
752.0000
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
1980
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
2
Total area
4,200 SF
Lot
0.41 ac (17,833 SF)
Zoning code
IB
APN
6465000055
UPID
US90-1168013
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IB · Tacoma, WA
Zoning IB · permitted uses
IB · 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
Est. value
$1.0M
MEDICAL BUILDING
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
1980
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 65330, UNIVERSITY PL, WA 98464-1330
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
State Of Washington
Whalley Holdings One LLC
Lease
—
May 16, 2022
—
Whalley Holdings One LLC
—
Deed
related
$150,000 · Commencement Bank
Aug 28, 2019
—
Whalley Holdings One LLC
—
Deed
related
$413,884 · Evergreen Busn Cap
Jul 31, 2019
$815,000
Whalley Holdings One LLC
Sound Court LLC
Warranty Deed
$413,884 · Columbia State Bank
Jun 28, 2002
$475,000
Sound Court LLC
Lyon,patrick J & Glee G
Grant Deed
—
Nov 25, 1998
$1,033,000
Patrick J Lyon
Blatt,dena
Grant Deed
$673,711 · Seafirst Bank
Aug 25, 1995
$425,000
Dena Blatt
Schmidtke,julian L & L L
Grant Deed
$255,000 · Seller
—
—
Whalley Holdings One LLC
—
Deed Of Trust
related
$413,884 · Evergreen Busn Cap
—
—
Sound Court LLC
—
Deed Of Trust
related
$371,200 · Columbia State 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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