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Property profile & analytics
OFF-MARKET
Estimated value
$4,470,000
Office Spaces
5727 Baker NW Way, Gig Harbor, WA 98332-5811
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1442257
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD FRAME
Total area
24,354 SF
Lot
1.79 ac (78,190 SF)
Zoning code
MPC
APN
3001200010
UPID
US90-1442257
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
-
Settrax (Bike/Boat/Book/etc) Store Corporate Office
-
Oregon Society for Healthcare Engineering Physician
-
American College of Cardiology College
-
Edge Pilates Studio Gym & Fitness Center
-
Generic Medical Devices Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.36M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
$5.72M
Blend (final)
Blend
$4.47M
Owner & transaction history
Seven Star LP · 6 yrs held
Seven Star LP
since 2020
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
MPC · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.3M
+0.0%
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
$4,835,000
ML approach
$5,360,000
CAP Approach
CAP Return
Estimation
6%
$4,820,000
6.5%
$4,450,000
7%
$4,135,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,265,000
Current use
WAREHOUSE, STORAGE
$7,265,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$6,685,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.47M
Range $4.02M – $4.92M · ±10% · vs last sale $4.30M (Jun 26 2020)
Last sale anchor
$4.30M
Jun 26 2020
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
$184 / 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
$59,789
Tax year 2024
Assessed value
$6,028,100
Assessed 2024
Previous assessed
$6,028,100
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$732,100
Assessed improvement
$5,296,000
Land market value
$732,100
Improvement market value
$5,296,000
Total market value
$6,028,100
Applied tax rate
472.0000
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
2006
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
24,354 SF
Lot
1.79 ac (78,190 SF)
Zoning code
MPC
APN
3001200010
UPID
US90-1442257
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MPC · Gig Harbor, WA
Zoning MPC · permitted uses
MPC · 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
$7.3M
WAREHOUSE, STORAGE
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
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
2006
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.79 ac
Current owner
From public records · entity-resolved
Seven Star LP
Entity
Mailing address
135 PARK AVE N, RENTON, WA 98057-5720
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2020
—
Seven Star LP
Canterwood Commercial LLC
Warranty Deed
$2,500,000 · Bank Of America
—
—
Canterwood Commercial LLC
—
Deed Of Trust
related
$3,000,000 · Harborstone Cu
—
—
Richard A Baasch
—
Deed Of Trust
related
$116,705 · Usaa Fsb
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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