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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office Spaces
6615 38th Ave 14 Tacoma, WA 98407
Entity Owned
~
Est. High Equity
Property ID
US90-0686503
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1963
Construction
WOOD FRAME
Total area
1,934 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RB-2
APN
221083089
UPID
US90-0686503
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
$535k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$640k
Owner & transaction history
J Scott Concrete Construction LLC
J Scott Concrete Construction LLC
since 2025
Last sale
$839,950
7 recorded transactions
Zoning & alternative use
RB-2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinance Table
Top alternative use upside
Neighborhood: shopping center
$820,000
+37.6%
Auto repair, garage
$715,000
+19.8%
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
$595,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$585,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $840k (Nov 2 2021)
Last sale anchor
$840k
Nov 2 2021
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
$331 / 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
$6,837
Tax year 2024
Assessed value
$805,800
Assessed 2024
Previous assessed
$805,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$150,300
Assessed improvement
$655,500
Land market value
$150,300
Improvement market value
$655,500
Total market value
$805,800
Applied tax rate
75.0000
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
1963
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
1,934 SF
Lot
0.33 ac (14,400 SF)
Zoning code
RB-2
APN
221083089
UPID
US90-0686503
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-2 · Tacoma, WAZoning RB-2 · permitted uses
RB-2 · Tacoma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinance Table
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$715,000
RETAIL STORES
Est. value
$585,000
WAREHOUSE, STORAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1963
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
J Scott Concrete Construction LLC
Entity
Mailing address
6521 N 51ST ST, TACOMA, WA 98407-1352
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
$1,600,000
J Scott Concrete Construction LLC
Blake D Williams
Warranty Deed
$1,000,000 · Seattle Metropolitan Cu
Apr 29, 2022
—
Danial Williams Blake
—
Deed
related
$1,050,000 · Red Canoe Cu
Nov 2, 2021
$839,950
Danial Williams Blake
Paul John Nitardy
Warranty Deed
$629,963 · Red Canoe Cu
Aug 18, 2010
—
Ashdan Blake Investments LLC
Burton Park Associates
Grant Deed
related
—
Nov 20, 2003
$465,000
Ashdan Blake Investments LLC
Burton Park Associates
Grant Deed
—
—
—
Burton Park Associates
—
Deed Of Trust
related
$200,336 · Columbia State Bank
—
—
Ashdan Blake Investments LLC
—
Deed Of Trust
related
$500,000 · Us Bank NA
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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