Property profile

223 K St Tacoma, WA 98403

FOR SALE
Medical Office Space
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Property ID
US90-1212989
2,820 SF 0.09 ac Built 1978
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a 3,096-square-foot commercial building located in New Tacoma near Tacoma General Hospital on a corner lot. The interior is arranged with 8+ offices, many of which include sinks, and four oversized treatment rooms, along with dedicated lab space, ample storage, and four bathrooms. The facility includes a sauna, two reception areas/lobbies, and two open front desk spaces. Multiple separate entrances support the possibility of splitting the building into at least two distinct…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$608k
Assessed land$212k
Assessed improvement$396k
Effective rate1.11%

Value estimate

· Nov 2026
$305k
$275k – $336k
AI approach$305k
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$17k
Operating expenses−$17k
NOI · 4.18% cap applied$50k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$245/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$135 – $347
Qualifying comparables6

Cap rate analysis

How does the asset earn?
4.18%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NCX
NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a le...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop33.7
Building Supply33.4
Auto Parts Store28.5

Location

223 K St Tacoma, WA 98403
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1019 Division, Tacoma, WA 98403-1633 $940,000 Apr 2019 2,280 SF
222 J St Ste, Tacoma, WA 98403-1984 $265,000 Jan 2019 1,435 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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