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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office Spaces
5213 Pacific Ave Tacoma, WA 98408-7695
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1533906
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Construction
WOOD FRAME
Total area
1,386 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C1
APN
7935000040
UPID
US90-1533906
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
-
Korea Spa Massage Alternative Medicine Practice Spa & Massage Center
-
Underwood Kathleen Alternative Medicine Practice Spa & Massage Center
-
Pellissier Andrea K Alternative Medicine Practice Spa & Massage Center
-
Lifetime Massage Therapy Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$535k
Owner & transaction history
N W Developing LLC · 3 yrs held
N W Developing LLC
since 2022
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
C1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$590,000
+37.6%
Auto repair, garage
$510,000
+19.8%
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
$535,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$420,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$415,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $545k (Dec 15 2022)
Last sale anchor
$545k
Dec 15 2022
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
$386 / 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
$3,184
Tax year 2024
Assessed value
$285,600
Assessed 2024
Previous assessed
$285,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$147,600
Assessed improvement
$138,000
Land market value
$147,600
Improvement market value
$138,000
Total market value
$285,600
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
1945
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Total area
1,386 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C1
APN
7935000040
UPID
US90-1533906
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Tacoma, WA
Zoning C1 · permitted uses
C1 · 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
$425,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RETAIL STORES
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$415,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1945
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
N W Developing LLC
Entity
Mailing address
1624 10TH AVE SW, OLYMPIA, WA 98502-5823
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$545,000
N W Developing LLC
Grace Oswald
Warranty Deed
$408,750 · Timberland Bank
May 6, 2021
—
Graceann Oswald
—
Deed
related
$97,341 · Us Bank NA
Apr 7, 1994
$105,000
Oswald,grace
Barrett,jay D &
Trustees Deed
$95,000 · Seller
Apr 13, 1990
$36,678
Jay D Barrett
Unknown
Quit Claim Deed
related
$72,255 · First Interstate Bank Washingt
—
—
Grace Oswald
—
Deed Of Trust
related
$78,776 · Hjl Trust
—
—
Grace Oswald
—
Deed Of Trust
related
$89,255 · Robert Lee
—
—
Jay D Barrett
—
Deed Of Trust
related
$65,000 · Riplinger Trust
—
—
Grace Oswald
—
Deed Of Trust
related
$103,187 · Robert Lee
—
—
Grace Oswald
—
Deed Of Trust
related
$85,000 · Robert Lee
—
—
Grace Oswald
—
Deed Of Trust
related
$72,322 · H J L Trust
—
—
Grace Oswald
—
Deed Of Trust
related
$86,572 · Robert Lee
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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