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Property profile & analytics
OFF-MARKET
Estimated value
$4,630,000
Retail space
2420 Proctor St Tacoma, WA 98406-5336
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1227615
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,970 SF
Lot
1.64 ac (71,221 SF)
Zoning code
NCX
APN
7475015010
UPID
US90-1227615
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
-
Metropolitan Market Tacoma Grocery & Convenience Store Food Market
-
U.S. Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.00M
Comparable Approach
Comparable
$4.49M
Blend (final)
Blend
$4.63M
Owner & transaction history
Quinton Properties LLC · 21 yrs held
Quinton Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
NCX · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,410,000
6.5%
$4,995,000
7%
$4,635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,600,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.63M
Range $4.17M – $5.09M · ±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
$172 / 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
$70,817
Tax year 2024
Assessed value
$6,374,900
Assessed 2024
Previous assessed
$6,374,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,364,900
Assessed improvement
$10,000
Land market value
$6,364,900
Improvement market value
$10,000
Total market value
$6,374,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
26,970 SF
Lot
1.64 ac (71,221 SF)
Zoning code
NCX
APN
7475015010
UPID
US90-1227615
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NCX · Tacoma, WA
Zoning NCX · permitted uses
NCX · 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
Est. value
$6.6M
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Quinton Properties LLC
Entity
Free & Clear · 21 yrs held
Mailing address
1003 221ST AVE SE, SAMMAMISH, WA 98075-7114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2010
—
Food Markets Northwest INC
—
Deed Of Trust
related
$2,500,000 · Commerce Bank Of Washington
Dec 29, 2004
—
Quinton Properties LLC
Quinton,wayne E & Julia L
Quit Claim Deed
related
—
Dec 28, 1995
$1,881,225
Wayne E Quinton
Supermarket Development Corp
Grant Deed
—
Feb 13, 1995
$534,000
Supermarket Development Corp
Seventeen One INC
Grant Deed
—
—
—
Food Markets Northwest INC
—
Deed Of Trust
related
$2,000,000 · Commerce Bank Of Washington
—
—
Food Markets Northwest INC
—
Deed Of Trust
related
$500,000 · Commerce Bank Of Washington
—
—
Food Markets Northwest INC
—
Deed Of Trust
related
$5,000,000 · Commerce Bank Of Washington
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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