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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Office Spaces
4707 19th St, Tacoma, WA 98405-1157
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-2588970
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
WOOD FRAME
Total area
19,150 SF
Lot
1 ac (43,647 SF)
Zoning code
T
APN
3880000512
UPID
US90-2588970
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
-
Lisa Minerich - COUNTRY Financial representative Insurance Agency
-
Kerri Robbins Physician Medical Clinic
-
Eric Rasmussen Physician Medical Clinic
-
Tim Taylor - COUNTRY Financial Agent Insurance Agency
-
Francis Geissler, MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$5.05M
Owner & transaction history
Daniel L Hannula · 21 yrs held
Daniel L Hannula
since 2004
7 recorded transactions
Zoning & alternative use
T · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.1M
+91.3%
Restaurant
$7.5M
+76.6%
Auto repair, garage
$7.1M
+66.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,405,000
6.5%
$4,065,000
7%
$3,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,245,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,120,000
Change: +91% · Conversion: Difficult
RESTAURANT
$7,495,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,075,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$5,785,000
Change: +36% · Conversion: Easy
WAREHOUSE, STORAGE
$5,740,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$4,685,000
Change: +10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,235,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±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
$264 / 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
$68,686
Tax year 2024
Assessed value
$6,183,000
Assessed 2024
Previous assessed
$6,183,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,194,300
Assessed improvement
$4,988,700
Land market value
$1,194,300
Improvement market value
$4,988,700
Total market value
$6,183,000
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
2005
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Total area
19,150 SF
Lot
1 ac (43,647 SF)
Zoning code
T
APN
3880000512
UPID
US90-2588970
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
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.1M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2005
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Daniel L Hannula
Individual
Mailing address
PO BOX 2181, TACOMA, WA 98401-2181
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
North Mullen LLC
—
Deed
related
$2,431,621 · Columbia St Bk
Apr 5, 2019
—
Waylon D Owens
—
Deed
related
$7,180,000 · Steven D Leighton
May 25, 2005
—
North Mullen LLC
—
Trustees Deed
related
$2,100,000 · Columbia State Bank
Nov 29, 2004
—
Daniel L Hannula
South Mullen LLC
Quit Claim Deed
related
—
Nov 24, 2004
—
South Mullen LLC
Jensen,jeff C
Quit Claim Deed
related
—
Dec 6, 2002
$2,380,000
South Mullen LLC
Bradtrud Middleton Building Co
Grant Deed
$2,100,000 · Us Bank NA
—
—
North Mullen LLC
—
Loan Modification
related
$2,431,621 · Columbia St Bk
—
—
Waylon D Owens
—
Deed Of Trust
related
$7,180,000 · Steven D Leighton
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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