New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Medical Office Space
4902 Tacoma Mall Blvd, Tacoma, WA 98409-7149
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0322586
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD FRAME
Total area
6,532 SF
Lot
0.79 ac (34,362 SF)
Zoning code
T
APN
2320000291
UPID
US90-0322586
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
-
Long Wellness & Nutrition Center Physician
-
Renaissance Chiropractic Center Alternative Medicine Practice
-
Michael V. Long, DC Alternative Medicine Practice
-
Walter D. Scott, DC Alternative Medicine Practice
-
Nicole L. Long, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$1.05M
Owner & transaction history
Brian E Long · 13 yrs held
Brian E Long
since 2012
7 recorded transactions
Zoning & alternative use
T · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.7M
+7.6%
Apartment house (5+ units)
$1.7M
+4.3%
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%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,600,000
Current use
WAREHOUSE, STORAGE
$1,720,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Change: +4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,445,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$160 / 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
$16,802
Tax year 2024
Assessed value
$1,511,700
Assessed 2024
Previous assessed
$1,511,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$801,800
Assessed improvement
$709,900
Land market value
$801,800
Improvement market value
$709,900
Total market value
$1,511,700
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
1980
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
6,532 SF
Lot
0.79 ac (34,362 SF)
Zoning code
T
APN
2320000291
UPID
US90-0322586
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
MEDICAL BUILDING Current
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1980
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Brian E Long
Individual
Mailing address
4902 TACOMA MALL BLVD, TACOMA, WA 98409-7149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Aug 30, 2022
—
Mdd Building Management LLC
—
Deed
related
$30,000 · Us Bank NA
Aug 18, 2022
—
Mdd Building Management LLC
—
Deed
related
$30,000 · Us Bank NA
Dec 24, 2019
—
Mdd Building Management LLC
—
Deed
related
$50,000 · Us Bank NA
Feb 16, 2018
—
Mdd Building Management L L C
—
Deed
related
$1,333,536 · Us Bank NA
Aug 7, 2012
—
Brian E Long
Esa P Portfolio LLC
Quit Claim Deed
related
$1,256,000 · Us Bank NA
—
—
Brian E Long
—
Deed Of Trust
related
$599,644 · Seattle-first National Bank
—
—
Douglas M Long
—
Deed Of Trust
related
$1,325,000 · Brian E & Mary S Long
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4902 Tacoma Mall Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
