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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Assisted living facilities
6414 Park Way, Tacoma, WA 98407-2237
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1548759
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1991
Construction
WOOD FRAME
Total area
2,589 SF
Lot
19.34 ac (842,450 SF)
Zoning code
R2
APN
6722210011
UPID
US90-1548759
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
-
Solstice Senior Living at Point Defiance Retirement Community
-
Life Care Connections Point Professional Services Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$720k
Owner & transaction history
Winterfell Point Defiance Village W · 11 yrs held
Winterfell Point Defiance Village W
since 2015
3 recorded transactions
Zoning & alternative use
R2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+133.8%
Auto repair, garage
$955,000
+103.6%
Commercial (general)
$800,000
+69.9%
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
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$470,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +104% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$780,000
Change: +66% · Conversion: Difficult
WAREHOUSE, STORAGE
$775,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$278 / 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
$248,919
Tax year 2024
Assessed value
$22,409,900
Assessed 2024
Previous assessed
$22,409,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,213,500
Assessed improvement
$15,196,400
Land market value
$7,213,500
Improvement market value
$15,196,400
Total market value
$22,409,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
15
Stories
1
Units
2
Total area
2,589 SF
Lot
19.34 ac (842,450 SF)
Zoning code
R2
APN
6722210011
UPID
US90-1548759
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Tacoma, WA
Zoning R2 · permitted uses
R2 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$470,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$800,000
RETAIL STORES
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$775,000
MEDICAL BUILDING
Est. value
$635,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1991
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
15
Units
2
Lot
19.34 ac
Current owner
From public records · entity-resolved
Winterfell Point Defiance Village W
Individual
Mailing address
6414 N PARK WAY, TACOMA, WA 98407-2237
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
May 28, 2015
$40,262,700
Winterfell Point Defiance Village W
Point Defiance Village Limited Part
Warranty Deed
$30,787,000 · Berkadia Commercial Mortgage LLC
Apr 8, 2010
—
Defiance Village LP Point
—
Deed Of Trust
related
—
—
—
Defiance Village LP Point
—
Deed Of Trust
related
$9,750,000 · John Hancock Real Estate Finan
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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