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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office Spaces
6402 19th W St University Place, WA 98466-6130
Trust Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0345228
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Construction
WOOD FRAME
Total area
3,480 SF
Lot
0.72 ac (31,250 SF)
Zoning code
CO
APN
220112080
UPID
US90-0345228
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$745k
Owner & transaction history
Koumantaros Pano Credit Trust · 19 yrs held
Koumantaros Pano Credit Trust
since 2007
7 recorded transactions
Zoning & alternative use
CO · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+2.0%
Warehouse, storage
$1.0M
+1.2%
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,030,000
Current use
RETAIL STORES
$1,050,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,045,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$214 / 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
$9,338
Tax year 2024
Assessed value
$980,000
Assessed 2024
Previous assessed
$980,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$630,500
Assessed improvement
$349,500
Land market value
$630,500
Improvement market value
$349,500
Total market value
$980,000
Applied tax rate
70.0000
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
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,480 SF
Lot
0.72 ac (31,250 SF)
Zoning code
CO
APN
220112080
UPID
US90-0345228
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CO · University Place, WA
Zoning CO · permitted uses
CO · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL) Current
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
1973
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Koumantaros Pano Credit Trust
Trust
Mailing address
PO BOX 65500, UNIVERSITY PLACE, WA 98464-1500
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Jun 7, 2007
—
Koumantaros Pano Credit Trust
Koumantaros Panayotis P
Quit Claim Deed
—
—
—
Panayotis P Koumantaros
—
Deed Of Trust
related
$93,656 · Heritage Bank
—
—
Koumantaros Pano Trust
—
Deed Of Trust
related
$125,000 · Heritage Bank
—
—
Koumantaros Pano Trust
—
Deed Of Trust
related
$193,735 · Mary J Koumantaros
—
—
Panayotis P Koumantaros
—
Deed Of Trust
related
$375,000 · Heritage Bank
—
—
Panayotis Koumantaros
—
Deed Of Trust
related
$160,000 · John V Xitco
—
—
Panayotis P Koumantaros
—
Deed Of Trust
related
$235,000 · Heritage Bank
—
—
Panayotis P Koumantaros
—
Deed Of Trust
related
$550,000 · Heritage Bank
—
—
Koumantaros Pano Trust
—
Deed Of Trust
related
$325,000 · Heritage 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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