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Property profile & analytics
FOR LEASE
Medical Office Space
2201 19Th St Tacoma, WA 98405
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0314529
No photos on file
For Lease
$560/Mo
2201 19Th St, Tacoma, WA 98405
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
WOOD FRAME
Total area
20,282 SF
Lot
1.25 ac (54,494 SF)
Zoning code
T
APN
320064238
UPID
US90-0314529
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
-
Elevate Health of Washington Community Health Centre
-
Medical Building Medical Clinic
-
Eather Bruce a PhD Physician Medical Clinic
-
Universal Research Group Charitable Organization Medical Clinic
-
Tacoma Neurological Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Aja Holding Investments LLC · 7 yrs held
Aja Holding Investments LLC
since 2019
6 recorded transactions
Zoning & alternative use
T · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$131 / 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
$41,034
Tax year 2024
Assessed value
$3,693,400
Assessed 2024
Previous assessed
$3,693,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$971,600
Assessed improvement
$2,721,800
Land market value
$971,600
Improvement market value
$2,721,800
Total market value
$3,693,400
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
For Lease
Year built
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
20,282 SF
Lot
1.25 ac (54,494 SF)
Zoning code
T
APN
320064238
UPID
US90-0314529
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.
Building & site characteristics
From public records
Year built
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Aja Holding Investments LLC
Entity
Mailing address
9500 FRNT ST S STE #200, LAKEWOOD, WA 98499-9415
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
$3,900,000
Aja Holding Investments LLC
Glein Investments LLC
Warranty Deed
$2,730,000 · Banner Bank
Nov 19, 2014
$2,999,719
Glein Investments LLC
Chambers Properties LLC
Bargain And Sale Deed
—
Oct 2, 2003
—
Chambers Properties LLC
Chambers,thomas J & Judy L
Quit Claim Deed
related
$2,306,250 · Heritage Savings Bank Fsb
Dec 21, 2000
$3,052,000
Thomas J Chambers
N W T Properties
Grant Deed
—
—
—
Nwt Properties
—
Deed Of Trust
related
$200,000 · Columbia State Bank
—
—
N W T Properties
—
Deed Of Trust
related
$2,019,486 · General Electric Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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