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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Office Spaces
5202 Olympic Dr, Gig Harbor, WA 98335-1727
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1714787
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
WOOD FRAME
Total area
5,820 SF
Lot
0.48 ac (21,040 SF)
Zoning code
RB-2
APN
4001390060
UPID
US90-1714787
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
-
Allyson Vaccaro-Pelton Physician
-
Harbor Speech Pathology Medical Clinic
-
Monja Neuharth, M.A., CCC-SLP Physician
-
Laura Schmidtberger, B.A., SLPA Physician
-
Channa G Beckman, M.A., CCC-SLP, CBIS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$1.16M
Owner & transaction history
Ram Ventures Corporation · 17 yrs held
Ram Ventures Corporation
since 2008
7 recorded transactions
Zoning & alternative use
RB-2 · 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%
$1,150,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,880,000
Current use
RETAIL STORES
$1,780,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$1,735,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$1,600,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$198 / 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
$15,505
Tax year 2024
Assessed value
$1,829,300
Assessed 2024
Previous assessed
$1,829,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$498,900
Assessed improvement
$1,330,400
Land market value
$498,900
Improvement market value
$1,330,400
Total market value
$1,829,300
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
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
5,820 SF
Lot
0.48 ac (21,040 SF)
Zoning code
RB-2
APN
4001390060
UPID
US90-1714787
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-2 · Gig Harbor, WA
Zoning RB-2 · permitted uses
RB-2 · 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
$1.9M
RETAIL STORES
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
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
2001
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ram Ventures Corporation
Entity
Mailing address
8616 59TH ST NW, GIG HARBOR, WA 98335-6248
Ownership since
2008
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
Mar 5, 2026
—
Ram Ventures Corporation
—
Deed
related
$1,408,000 · First Citizens Bank & Trust Co
Dec 2, 2022
—
Ram Ventures Corporation
—
Deed
related
$1,000,000 · First Citizens Bank & Trust Co
Dec 1, 2008
$1,350,000
Ram Ventures Corporation
Mp2 INC
Warranty Deed
$945,000 · Us Bank NA
Jan 6, 2000
$195,800
Mp2 INC
Mattson,richard G & Jacqueline J
Grant Deed
$250,000 · Harbor Bank
Oct 14, 1998
—
Richard G Mattson
Tax Deferred Exchange Svcs INC
Grant Deed
related
—
Sep 29, 1998
$200,104
Richard Mattson
Matthaei,arnold S & Catherine A
Grant Deed
related
$137,000 · Seller
—
—
Ram Ventures Corp
—
Deed Of Trust
related
$272,342 · Travelers Casualty & Surety Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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