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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office Spaces
21806 103rd Ave E Ct, Graham, WA 98338-8115
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-0634991
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Construction
WOOD FRAME
Total area
9,952 SF
Lot
1 ac (43,560 SF)
Zoning code
R10
APN
418107007
UPID
US90-0634991
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.72M
Owner & transaction history
Ljran LLC · 17 yrs held
Ljran LLC
since 2009
7 recorded transactions
Zoning & alternative use
R10 · Graham, 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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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%
$1,970,000
6.5%
$1,820,000
7%
$1,690,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,730,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$173 / 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
$24,256
Tax year 2024
Assessed value
$1,948,900
Assessed 2024
Previous assessed
$1,948,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$439,000
Assessed improvement
$1,509,900
Land market value
$439,000
Improvement market value
$1,509,900
Total market value
$1,948,900
Applied tax rate
578.0000
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
1988
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Units
3
Total area
9,952 SF
Lot
1 ac (43,560 SF)
Zoning code
R10
APN
418107007
UPID
US90-0634991
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Graham, WA
Zoning R10 · permitted uses
R10 · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Graham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.7M
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
1988
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Lot
1 ac
Current owner
From public records · entity-resolved
Ljran LLC
Entity
Mailing address
15603 138TH AVE E, PUYALLUP, WA 98374-9201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Dec 20, 2019
—
Ljran LLC
—
Deed
related
$1,357,000 · Heritage Bk
May 22, 2009
—
Ljran LLC
Lawrence R Ladowski
Quit Claim Deed
related
$1,445,000 · Valley Bank
Jul 26, 2001
—
Lawrence R Ladowski
Graham Associates
Quit Claim Deed
related
$660,000 · Puyallup Valley Bank
—
—
Lawrence R Ladowski
—
Deed Of Trust
related
$900,000 · Valley Bank
—
—
Ljran LLC
—
Loan Modification
related
$1,357,000 · Heritage Bk
—
—
Lawrence R Ladowski
—
Deed Of Trust
related
$104,500 · Valley Bank
—
—
Graham Associates
—
Deed Of Trust
related
$680,181 · Bank Of Sumner
—
—
Graham Associates
—
Deed Of Trust
related
$90,000 · Bank Of Sumner
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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