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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Medical Office Space
2520 Alder St, Tacoma, WA 98406-6632
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1404117
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
WOOD FRAME
Total area
4,421 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C1
APN
9730000490
UPID
US90-1404117
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
-
Barrett Family Dental of Tacoma Dental Office
-
Lars Korsmo, DDS Dental Office
-
Korsmo Family Dental Dental Office
-
Dr. Charles Croasdill Dental Office
-
Jennifer Barrett Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.27M
Owner & transaction history
Cs & Sl Properties LLC · 5 yrs held
Cs & Sl Properties LLC
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+73.3%
Auto repair, garage
$1.6M
+50.9%
Commercial (general)
$1.4M
+26.0%
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
$1,220,000
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$970,000
7%
$905,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,080,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,875,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,635,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,365,000
Change: +26% · Conversion: Easy
RETAIL STORES
$1,335,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,325,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.25M (Dec 31 2020)
Last sale anchor
$1.25M
Dec 31 2020
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
$287 / 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
$15,350
Tax year 2024
Assessed value
$1,381,000
Assessed 2024
Previous assessed
$1,381,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$445,600
Assessed improvement
$935,400
Land market value
$445,600
Improvement market value
$935,400
Total market value
$1,381,000
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
Off-Market
Year built
1985
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
2
Total area
4,421 SF
Lot
0.21 ac (9,000 SF)
Zoning code
C1
APN
9730000490
UPID
US90-1404117
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · 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 Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cs & Sl Properties LLC
Entity
Mailing address
2016 50TH ST CT NW, GIG HARBOR, WA 98335-2475
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$1,250,000
Cs & Sl Properties LLC
J & J Ventures LLC
Grant Deed
$875,000 · Private Individual
Jul 1, 2005
—
J & J Ventures LLC
J & J Ents
Quit Claim Deed
related
—
—
—
J & J Enterprises
—
Deed Of Trust
related
$141,176 · Columbia State Bank
—
—
J & J Enterprises
—
Deed Of Trust
related
$47,000 · Pierce Commercial Bank
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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