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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Medical Office Space
212 37th St Tacoma, WA 98418-7899
Individually Owned
Free & Clear
Property ID
US90-1498826
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD FRAME
Total area
2,400 SF
Lot
0.15 ac (6,625 SF)
Zoning code
T
APN
7470023520
UPID
US90-1498826
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 Albert Huth DC Alternative Medicine Practice
-
Karen Flory LMP Alternative Medicine Practice Spa & Massage Center
-
Puget Sound Chiropractic Alternative Medicine Practice
-
Stephen J. Bauml, DC Alternative Medicine Practice
-
Hoffman Cynthia DC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$383k
Blend (final)
Blend
$510k
Owner & transaction history
Stephen J Bauml D C
Stephen J Bauml D C
since 2025
2 recorded transactions
Zoning & alternative use
T · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+26.0%
Retail stores
$725,000
+23.4%
Warehouse, storage
$720,000
+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%
$570,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$585,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +26% · Conversion: Easy
RETAIL STORES
$725,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$720,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$213 / 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
$8,965
Tax year 2024
Assessed value
$806,100
Assessed 2024
Previous assessed
$806,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$197,000
Assessed improvement
$609,100
Land market value
$197,000
Improvement market value
$609,100
Total market value
$806,100
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
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
2,400 SF
Lot
0.15 ac (6,625 SF)
Zoning code
T
APN
7470023520
UPID
US90-1498826
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$720,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Stephen J Bauml D C
Individual
Free & Clear · 0 yrs held
Mailing address
212 S 37TH ST, TACOMA, WA 98418-7899
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Stephen J Bauml D C
Larry R Bauml
Deed
related
—
Oct 9, 2019
$260,000
Stephen J Bauml
Albert F Huth
Warranty Deed
$258,000 · Albert F & Idy I Huth
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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