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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Medical Office Space
1950 Cedar St, Tacoma, WA 98405-2315
Individually Owned
30-yr Hold
~
Est. High Equity
Property ID
US90-0726120
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Construction
WOOD FRAME
Total area
7,539 SF
Lot
0.55 ac (23,958 SF)
Zoning code
HM
APN
320072030
UPID
US90-0726120
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
-
Douglas J. Knight Orthodontics Dental Office
-
Andrew A. Vorono, D.D.S. Dental Office
-
Oral & Facial Surgery Centers of Washington Dental Office
-
Rowshan Hirbod DDS Dental Office
-
Hartman Gerald L DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Vincent G Kokich · 30 yrs held
Vincent G Kokich
since 1996
7 recorded transactions
Zoning & alternative use
HM · 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%
$1,795,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,845,000
Current use
COMMERCIAL (GENERAL)
$1,670,000
Change: -9% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,665,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$161 / 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
$20,837
Tax year 2024
Assessed value
$1,875,000
Assessed 2024
Previous assessed
$1,875,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$521,500
Assessed improvement
$1,353,500
Land market value
$521,500
Improvement market value
$1,353,500
Total market value
$1,875,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
7,539 SF
Lot
0.55 ac (23,958 SF)
Zoning code
HM
APN
320072030
UPID
US90-0726120
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
HM · Tacoma, WA
Zoning HM · permitted uses
HM · 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
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1969
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Vincent G Kokich
Individual
Mailing address
1950 S CEDAR ST, TACOMA, WA 98405-2315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
—
Cedar Street Properties LLC
—
Deed
related
$1,500,000 · First Citizens Bank & Trust Co
Apr 15, 1996
$200,000
Vincent G Kokich
Barksdale,linda D
Quit Claim Deed
related
—
Mar 21, 1996
—
Michael J Sauve
Fulwiler,kyle D
Quit Claim Deed
related
—
—
—
Cedar Street Properties LLC
—
Deed Of Trust
related
$1,050,000 · Columbia State Bank
—
—
Cedar Street Properties LLC
—
Deed Of Trust
related
$1,487,500 · Heritage Bank
—
—
Cedar Street Properties LLC
—
Deed Of Trust
related
$25,000 · Heritage Bank
—
—
Cedar Street Properties LLC
—
Deed Of Trust
related
$80,000 · Heritage Bank
—
—
Cedar Street Properties LLC
—
Deed Of Trust
related
$1,400,000 · Heritage 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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