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Property profile & analytics
OFF-MARKET
Estimated value
$32,590,000
Medical Office Space
3124 19th St, Tacoma, WA 98405-2433
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2608093
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
65,832 SF
Lot
3.25 ac (141,570 SF)
Zoning code
HM
APN
320076037
UPID
US90-2608093
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
-
MultiCare Hospital
-
Laboratories Northwest - Allenmore Building C Medical Laboratory
-
MultiCare Cedar Surgical Associates Medical Clinic Hospital
-
MultiCare Tacoma Family Medicine Medical Clinic
-
MultiCare Tacoma Central Internal Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.59M
Owner & transaction history
Hatteras Allenmore C LLC · 1 yrs held
Hatteras Allenmore C LLC
since 2024
Last sale
$32.6M
5 recorded transactions
Zoning & alternative use
HM · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$27.9M
+73.3%
Restaurant
$25.8M
+60.0%
Auto repair, garage
$24.3M
+50.9%
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
$32,590,000
ML approach
$32,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$27,920,000
Change: +73% · Conversion: Difficult
RESTAURANT
$25,775,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,315,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$19,880,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$19,725,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$32.59M
Range $29.33M – $35.85M · ±10% · vs last sale $32.59M (Aug 26 2024)
Last sale anchor
$32.59M
Aug 26 2024
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
$495 / 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
$31,023
Tax year 2024
Assessed value
$14,860,900
Assessed 2024
Previous assessed
$14,860,900
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$2,911,100
Assessed improvement
$11,949,800
Land market value
$2,911,100
Improvement market value
$11,949,800
Total market value
$14,860,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
65,832 SF
Lot
3.25 ac (141,570 SF)
Zoning code
HM
APN
320076037
UPID
US90-2608093
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
HM · Tacoma, WA
Zoning HM · permitted uses
HM · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.9M
RESTAURANT
Est. value
$25.8M
AUTO REPAIR, GARAGE
Est. value
$24.3M
RETAIL STORES
Est. value
$19.9M
WAREHOUSE, STORAGE
Est. value
$19.7M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
3.25 ac
Current owner
From public records · entity-resolved
Hatteras Allenmore C LLC
Entity
Mailing address
14400 METCALF AVE OVERLAND PARK
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$32,588,000
Hatteras Allenmore C LLC
Allenmore C LLC
Special Warranty Deed
—
Jun 26, 2006
—
Allenmore C LLC
Unico Medical Props II LLC
Quit Claim Deed
related
—
Dec 30, 2004
$10,800,000
Unico Medical Properties II Ll
Allenmore Medical Center LLC
Deed Of Trust
related
$6,000,000 · Sun Life Assurance Co
—
—
Allenmore LLC
—
Deed Of Trust
related
$15,200,000 · Intervest Mortgage Co LLC
—
—
Allenmore C LLC
—
Deed Of Trust
related
$15,200,000 · Genworth Life Insurance Co
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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