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Property profile & analytics
OFF-MARKET
Medical Office Space
3920 Tapps E Dr Lake Tapps, WA 98391-9176
Entity Owned
5-yr Hold
Property ID
US90-1529362
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD FRAME
Total area
2,540 SF
Lot
1.45 ac (63,162 SF)
Zoning code
R10
APN
520178024
UPID
US90-1529362
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pnw Legacy LLC · 5 yrs held
Pnw Legacy LLC
since 2020
7 recorded transactions
Zoning & alternative use
R10 · Lake Tapps, 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 Lake Tapps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Tapps 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,568
Tax year 2024
Assessed value
$481,900
Assessed 2024
Previous assessed
$481,900
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$232,900
Assessed improvement
$249,000
Land market value
$232,900
Improvement market value
$249,000
Total market value
$481,900
Applied tax rate
378.0000
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
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,540 SF
Lot
1.45 ac (63,162 SF)
Zoning code
R10
APN
520178024
UPID
US90-1529362
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Lake Tapps, WA
Zoning R10 · permitted uses
R10 · Lake Tapps, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Tapps. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Pnw Legacy LLC
Entity
Mailing address
2213 FRUITLAND RDG DR, PUYALLUP, WA 98371-6000
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Pnw Legacy LLC
—
Deed
related
$101,545 · Banner Bank
Mar 7, 2022
—
Pnw Legacy LLC
—
Deed
related
$628,000 · Umpqua Bank
Aug 7, 2020
—
Pnw Legacy LLC
Brian K Blessing
Warranty Deed
$428,000 · Us Bank NA
Feb 25, 2020
—
Brian K Blessing
Kornkanok Rungrojwararag
Quit Claim Deed
related
—
Nov 13, 2017
$304,719
Phouthany Phommavongsay
Lila Day
Warranty Deed
—
Nov 13, 2017
—
Phouthay Phommavongsay
Phommavongsay,lorraine
Quit Claim Deed
related
—
Mar 31, 2016
—
Lila Day
Weber,donald C & Marjoire L
Warranty Deed
—
Jul 21, 2000
$425,000
Lila Day
Weber,donald C & Marjorie L
Grant Deed
$300,000 · Seller
—
—
Donald C Weber
—
Deed Of Trust
related
$303,945 · Bank Of Sumner
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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