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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office Spaces
3701 Pacific Ave Tacoma, WA 98418-7838
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0737053
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1986
Construction
WOOD FRAME
Total area
5,040 SF
Lot
0.41 ac (17,854 SF)
Zoning code
T
APN
7470021691
UPID
US90-0737053
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$1.07M
Owner & transaction history
3701 Professional Center LLC · 3 yrs held
3701 Professional Center LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
T · 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
$1,060,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,555,000
Current use
RETAIL STORES
$1,520,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,510,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.08M (Nov 4 2022)
Last sale anchor
$1.08M
Nov 4 2022
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
$212 / 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
$11,074
Tax year 2024
Assessed value
$996,000
Assessed 2024
Previous assessed
$996,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$518,400
Assessed improvement
$477,600
Land market value
$518,400
Improvement market value
$477,600
Total market value
$996,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
5,040 SF
Lot
0.41 ac (17,854 SF)
Zoning code
T
APN
7470021691
UPID
US90-0737053
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
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
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
3701 Professional Center LLC
Entity
Mailing address
608 3RD ST NE, PUYALLUP, WA 98372-2904
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
Reliance Senior Housing Fund LLC
—
Deed
related
$8,615,000 · First Federal Bank
Oct 22, 2025
—
Reliance Senior Housing Fund LLC
—
Deed
related
$5,000 · First Fed Bank
Jun 16, 2023
—
3701 Professional Center LLC
—
Deed
related
$400,000 · Wadot Capital INC
Nov 4, 2022
$1,075,000
3701 Professional Center LLC
3700 Professional Center LLC
Warranty Deed
$600,000 · Marvin Family Trust
—
—
L K Stone
—
Deed Of Trust
related
$2,000,000 · Central Solutions
—
—
3700 Professional Center LLC
—
Deed Of Trust
related
$2,814,115 · Heritage Bank
—
—
3700 Professional Center LLC
—
Deed Of Trust
related
$1,622,901 · Heritage Savings Bank Fsb
—
—
L K Stone
—
Deed Of Trust
related
$70,000 · Individual
—
—
Stone L Keith
—
Deed Of Trust
related
$1,350,000 · Rainier Pacific
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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