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Property profile & analytics
OFF-MARKET
Estimated value
$8,330,000
Assisted living facilities
5520 Bridgeport W Way Tacoma, WA 98467-2041
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1182835
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
WOOD FRAME
Total area
44,337 SF
Lot
0.28 ac (12,375 SF)
Zoning code
MF
APN
4260000090
UPID
US90-1182835
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
-
Agility Housing Development
-
Patricia Douglas Physician
-
Sherry L. Macmillan, PT Physician
-
Soundcare Inc Nursing Home
-
Agility Health and Rehabilitation Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.72M
Blend (final)
Blend
$8.33M
Owner & transaction history
Wa3 Properties Univ LLC · 5 yrs held
Wa3 Properties Univ LLC
since 2021
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
MF · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.7M
+69.9%
Retail stores
$13.4M
+66.4%
Warehouse, storage
$13.3M
+65.1%
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
$9,470,000
ML approach
$8,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$8,045,000
Current use
COMMERCIAL (GENERAL)
$13,670,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$13,390,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,285,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$10,850,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$8.33M
Range $7.50M – $9.16M · ±10% · vs last sale $8.53M (Mar 25 2021)
Last sale anchor
$8.53M
Mar 25 2021
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
$188 / 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
$65,343
Tax year 2024
Assessed value
$5,665,400
Assessed 2024
Previous assessed
$5,665,400
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$163,900
Assessed improvement
$5,501,500
Land market value
$163,900
Improvement market value
$5,501,500
Total market value
$5,665,400
Applied tax rate
752.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
44,337 SF
Lot
0.28 ac (12,375 SF)
Zoning code
MF
APN
4260000090
UPID
US90-1182835
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF · Tacoma, WA
Zoning MF · permitted uses
MF · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$13.7M
RETAIL STORES
Est. value
$13.4M
WAREHOUSE, STORAGE
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$10.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Wa3 Properties Univ LLC
Entity
Mailing address
300 DESCHUTES WAY SW STE #208, TUMWATER, WA 98501-7719
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$8,533,780
Wa3 Properties Univ LLC
C F Franklin L P
Special Warranty Deed
—
May 25, 2018
—
Cf Franklin LP
—
Grant Deed
related
$16,000,000 · Israel Discount Bk/ny
Apr 5, 2017
$9,880,000
Cf Franklin LP
University Place Healt Trust
Warranty Deed
—
—
—
University Place Health Care T Trust
—
Deed Of Trust
related
$4,305,700 · Acre Cap
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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