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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Medical Office Space
2014 Mildred W St Tacoma, WA 98466-6134
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1192247
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD FRAME
Total area
5,106 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
6465000031
UPID
US90-1192247
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
-
Dr. Esther E. Min, DDS Dental Office
-
Family Care Dentistry Dental Office
-
Kelly A Butler DDS Dental Office
-
Sampada Deshpande, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.19M
Owner & transaction history
De Min LLC · 13 yrs held
De Min LLC
since 2013
5 recorded transactions
Zoning & alternative use
C · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+50.9%
Retail stores
$1.5M
+23.4%
Warehouse, storage
$1.5M
+22.4%
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%
$1,215,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,250,000
Current use
AUTO REPAIR, GARAGE
$1,885,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$1,540,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,530,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,510,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,130,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$233 / 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
$19,447
Tax year 2024
Assessed value
$1,438,800
Assessed 2024
Previous assessed
$1,438,800
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$814,800
Assessed improvement
$624,000
Land market value
$814,800
Improvement market value
$624,000
Total market value
$1,438,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,106 SF
Lot
1 ac (43,560 SF)
Zoning code
C
APN
6465000031
UPID
US90-1192247
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C · Tacoma, WA
Zoning C · permitted uses
C · 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
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
De Min LLC
Entity
Mailing address
2014 MILDRED ST W, TACOMA, WA 98466-6134
Ownership since
2013
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
Mar 12, 2013
$805,000
De Min LLC
Cardan Dev LLC
Warranty Deed
$603,750 · Columbia State Bank
May 31, 2002
$1,839,000
Cardan Development LLC
Cnl Funding 2001-a LP
Grant Deed
$1,287,300 · Washington Mutual Fsb
Jul 26, 2000
—
Cnl Funding 2001-a LP
Cnl Franchise Network LP
Quit Claim Deed
related
$1,590,909 · Wells Fargo Bank
Apr 27, 2000
$581,699
Cnl Apf Partners LP
Daubert,richard A & Margaret A
Grant Deed
—
—
—
Cardan Dev LLC
—
Deed Of Trust
related
$1,125,000 · Symetra Life Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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