New search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office Spaces
3715 56th St, Gig Harbor, WA 98335-8240
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1269244
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Construction
WOOD FRAME
Total area
3,265 SF
Lot
0.64 ac (28,000 SF)
Zoning code
RB-1
APN
221176018
UPID
US90-1269244
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
-
Mr. Thomas Talburt Alternative Medicine Practice
-
Thomas Duayne Talburt Alternative Medicine Practice
-
Jessica Turner Alternative Medicine Practice Spa & Massage Center
-
Fox Chiropractic Wellness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$655k
Owner & transaction history
3715 56th Street LLC · 5 yrs held
3715 56th Street LLC
since 2021
7 recorded transactions
Zoning & alternative use
RB-1 · Gig Harbor, 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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,055,000
Current use
RETAIL STORES
$1,000,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$975,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$201 / 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
$8,334
Tax year 2024
Assessed value
$982,600
Assessed 2024
Previous assessed
$982,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$503,800
Assessed improvement
$478,800
Land market value
$503,800
Improvement market value
$478,800
Total market value
$982,600
Applied tax rate
75.0000
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
1976
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
3,265 SF
Lot
0.64 ac (28,000 SF)
Zoning code
RB-1
APN
221176018
UPID
US90-1269244
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-1 · Gig Harbor, WA
Zoning RB-1 · permitted uses
RB-1 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$975,000
MEDICAL BUILDING
Est. value
$895,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1976
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
3715 56th Street LLC
Entity
Mailing address
3715 56TH ST, GIG HARBOR, WA 98335-8240
Ownership since
2021
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
Jun 16, 2021
—
3715 56th Street LLC
Gregory L Fox
Quit Claim Deed
related
—
—
—
Gregory L Fox
—
Deed Of Trust
related
$64,522 · Harborstone Cu
—
—
Gregory L Fox
—
Deed Of Trust
related
$250,000 · Us Bank NA
—
—
Gregory L Fox
—
Deed Of Trust
related
$89,862 · Harbor Bank
—
—
Gregory L Fox
—
Deed Of Trust
related
$75,000 · Us Bank NA
—
—
Gregory L Fox
—
Deed Of Trust
related
$30,000 · Harborstone Cu
—
—
Gregory L Fox
—
Deed Of Trust
related
$86,725 · Harborstone 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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