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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Flex space
5620 Proctor St Tacoma, WA 98409-2628
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1647227
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Construction
STEEL FRAME
Total area
12,000 SF
Lot
0.86 ac (37,334 SF)
Zoning code
M2
APN
4695000897
UPID
US90-1647227
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
-
Elevations LTD General Contractor
-
BlueCore Power Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.16M
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.16M
Owner & transaction history
Able Proctor LLC · 2 yrs held
Able Proctor LLC
since 2024
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
M2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.1M
+91.9%
Auto repair, garage
$4.7M
+77.3%
Restaurant
$4.7M
+77.1%
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
$3,160,000
ML approach
$3,160,000
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,835,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,090,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,705,000
Change: +77% · Conversion: Easy
RESTAURANT
$4,700,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,200,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,160,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,065,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$2,935,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.16M (Jan 31 2024)
Last sale anchor
$3.16M
Jan 31 2024
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
$263 / 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
$15,297
Tax year 2024
Assessed value
$1,376,200
Assessed 2024
Previous assessed
$1,376,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$574,000
Assessed improvement
$802,200
Land market value
$574,000
Improvement market value
$802,200
Total market value
$1,376,200
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
2
Total area
12,000 SF
Lot
0.86 ac (37,334 SF)
Zoning code
M2
APN
4695000897
UPID
US90-1647227
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Tacoma, WA
Zoning M2 · permitted uses
M2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1993
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Able Proctor LLC
Entity
Mailing address
30815 WEBSTER RD E, EATONVILLE, WA 98328-8672
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
$3,157,677
Able Proctor LLC
Joshua Dekruyf
Warranty Deed
$2,340,000 · Heritage Southeast Bank
Jul 7, 2022
$1,390,000
Joshua Dekruyf
Gary W Monette
Warranty Deed
$1,390,000 · Gary Monette Etal
Jun 28, 2022
—
Gary W Monette
Steven R Wick
Quit Claim Deed
related
—
Jun 30, 2015
$937,219
Gary W Monette
Ronald L Wick
Warranty Deed
$705,000 · Kitsap Bank
Feb 25, 2015
—
Ronald L Wick
Wick Marilyn
Quit Claim Deed
related
—
May 10, 1991
$209,000
Ron Wick
Unknown
Grant Deed
$150,480 · Puget Sound National Bank
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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