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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Office Spaces
6002 Westgate Blvd Tacoma, WA 98406-2570
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0876345
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD FRAME
Total area
16,309 SF
Lot
1.5 ac (65,253 SF)
Zoning code
T
APN
221356013
UPID
US90-0876345
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
-
Perel Hospital Hospital
-
Peterson J Keith PhD Physician Medical Clinic
-
Physical Therapy Associates Medical Clinic
-
Franciscan Digestive Care Associates - Pearl Place Medical Clinic
-
Pearl Place Women's Care: Morin Linda MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.46M
Owner & transaction history
Pearl Place LLC · 14 yrs held
Pearl Place LLC
since 2012
7 recorded transactions
Zoning & alternative use
T · Tacoma, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±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
$151 / 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
$38,238
Tax year 2024
Assessed value
$3,441,700
Assessed 2024
Previous assessed
$3,441,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,607,400
Assessed improvement
$1,834,300
Land market value
$1,607,400
Improvement market value
$1,834,300
Total market value
$3,441,700
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
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Total area
16,309 SF
Lot
1.5 ac (65,253 SF)
Zoning code
T
APN
221356013
UPID
US90-0876345
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
T · Tacoma, WA
Zoning T · permitted uses
T · 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.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Pearl Place LLC
Entity
Mailing address
6622 WOLLOCHET DR, GIG HARBOR, WA 98335-8325
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2017
—
Pearl Place LLC
—
Deed
related
$2,228,555 · Heritage Bank
Feb 29, 2012
—
Pearl Place LLC
Pearl Place LLC
Quit Claim Deed
related
$2,512,500 · Timberland Bank
Oct 21, 1999
—
Pearl Place LLC
Rush Construction Co INC
Quit Claim Deed
related
—
Aug 4, 1999
$225,000
Rush,donald E & Rita
Rush Construction Co INC
Trustees Deed
related
$105,000 · Washington Mutual Fsb
Aug 4, 1999
$250,000
Rush,donald E & Rita
Rush Construction Co INC
Trustees Deed
related
—
Jun 28, 1999
—
Rush Construction Co INC
—
Grant Deed
related
$1,762,500 · Columbia State Bank
Mar 8, 1999
—
Rush Construction Co INC
Rush,gordon D & Traci A
Quit Claim Deed
related
—
—
—
Pearl Place LLC
—
Deed Of Trust
related
$1,950,000 · Safeco Life Insurance Co
—
—
Pearl Place LLC
—
Deed Of Trust
related
$2,200,000 · Kitsap 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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