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Property profile & analytics
OFF-MARKET
Estimated value
$2,035,000
Retail space
2511 Proctor St 2525 Tacoma, WA 98406-5337
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3335606
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,240 SF
Lot
0.17 ac (7,320 SF)
Zoning code
NCX
APN
7475013670
UPID
US90-3335606
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
-
Mallory Stolz Hair Salon Nail Salon
-
Refinery Style Bar Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.04M
Owner & transaction history
X2 Brose Proctor LLC · 1 yrs held
X2 Brose Proctor LLC
since 2025
7 recorded transactions
Zoning & alternative use
NCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+2.1%
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%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,090,000
Current use
COMMERCIAL (GENERAL)
$3,155,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,070,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$2,505,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±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
$199 / 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
$31,568
Tax year 2024
Assessed value
$2,841,200
Assessed 2024
Previous assessed
$2,841,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$707,500
Assessed improvement
$2,133,700
Land market value
$707,500
Improvement market value
$2,133,700
Total market value
$2,841,200
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
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
2
Total area
10,240 SF
Lot
0.17 ac (7,320 SF)
Zoning code
NCX
APN
7475013670
UPID
US90-3335606
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
RETAIL STORES Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
X2 Brose Proctor LLC
Entity
Mailing address
PO BOX 1553, TACOMA, WA 98401-1553
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
—
X2 Brose Proctor LLC
Runrig Holdings LLC
Quitclaim Deed
related
—
Mar 30, 2021
—
X2brose Proctor LLC
—
Deed
related
$1,670,000 · Heritage Southeast Bank
Apr 18, 2019
$2,690,000
X2 Brose Proctor LLC
Marush Building LLC
Grant Deed
—
Mar 10, 2005
—
Marush Building LLC
Cromwell,louise
Quit Claim Deed
related
—
Mar 10, 2005
$213,453
Marush Building LLC
Arlene Ramsaur
Bargain And Sale Deed
$150,000 · Wells Fargo Bank NA
—
—
Marush Building LLC
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Marush Building LLC
—
Deed Of Trust
related
$400,000 · Wells Fargo Bank
—
—
Marush Building LLC
—
Deed Of Trust
related
$750,000 · Boeing Emps Cu
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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