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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Medical Office Space
6003 100th SW St, Lakewood, WA 98499-2733
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1358034
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD FRAME
Total area
1,724 SF
Lot
0.18 ac (8,027 SF)
Zoning code
CBD
APN
219022211
UPID
US90-1358034
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
-
Adab K. Dental Office
-
Rainier Pediatric Dentistry Dental Office
-
Dr. Ali Nassiri Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$530k
Owner & transaction history
Arn Realty LLC · 3 yrs held
Arn Realty LLC
since 2022
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
CBD · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$735,000
+55.3%
Auto repair, garage
$635,000
+34.4%
Commercial (general)
$540,000
+14.6%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$575,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: +15% · Conversion: Easy
RETAIL STORES
$430,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $550k (Oct 28 2022)
Last sale anchor
$550k
Oct 28 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
$307 / 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
$4,488
Tax year 2024
Assessed value
$375,300
Assessed 2024
Previous assessed
$375,300
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$229,300
Assessed improvement
$146,000
Land market value
$229,300
Improvement market value
$146,000
Total market value
$375,300
Applied tax rate
760.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
1,724 SF
Lot
0.18 ac (8,027 SF)
Zoning code
CBD
APN
219022211
UPID
US90-1358034
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lakewood, WA
Zoning CBD · permitted uses
CBD · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$475,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$540,000
RETAIL STORES
Est. value
$430,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1962
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Arn Realty LLC
Entity
Mailing address
10122 NE 63RD ST, KIRKLAND, WA 98033-6820
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$550,000
Arn Realty LLC
Passargad Building LLC
Warranty Deed
$457,800 · Bank Of America NA
Aug 30, 2022
—
Passargad Building LLC
William T Parrott
Warranty Deed
—
Sep 21, 2005
$300,000
Passargad Building LLC
Parrott,william T
Warranty Deed
$256,000 · Sterling Savings Bank
Jun 21, 1996
$270,000
William T Parrott
Lordahl,robert A & Janet C
Grant Deed
$256,500 · Seller
—
—
William T Parrott
—
Deed Of Trust
related
$240,000 · Northwest Commercial 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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