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Property profile & analytics
OFF-MARKET
Medical Office Space
6615 6th Ave, Tacoma, WA 98406-2027
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-1052447
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
WOOD FRAME
Total area
3,112 SF
Lot
0.33 ac (14,300 SF)
Zoning code
C2
APN
220022804
UPID
US90-1052447
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
-
Sean Flaherty Alternative Medicine Practice
-
Michael Milasich Alternative Medicine Practice
-
Michelle H. Lynott, ARNP Pediatrician Physician
-
Rex Pettibon, LMP Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael L Milasich · 3 yrs held
Michael L Milasich
since 2022
Last sale
$165,000
7 recorded transactions
Zoning & alternative use
C2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,668
Tax year 2024
Assessed value
$599,300
Assessed 2024
Previous assessed
$599,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$353,800
Assessed improvement
$245,500
Land market value
$353,800
Improvement market value
$245,500
Total market value
$599,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
3,112 SF
Lot
0.33 ac (14,300 SF)
Zoning code
C2
APN
220022804
UPID
US90-1052447
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Tacoma, WA
Zoning C2 · permitted uses
C2 · 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
1993
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Michael L Milasich
Individual
Free & Clear · 3 yrs held
Mailing address
4907 MAIN ST UNIT #118, TACOMA, WA 98407-3254
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Michael L Milasich
Michael L Milasich
Intrafamily Transfer
related
—
Mar 18, 2022
—
Michael Milasich
Michael Milasich
Intrafamily Transfer
related
—
Mar 29, 1996
$165,000
Michael L Milasich
Erickson,elmer T
Grant Deed
$145,000 · Columbia State Bank
Sep 20, 1994
$14,248
Elmer T Erickson
E & M Burgers INC
Quit Claim Deed
related
—
Jul 31, 1991
$138,500
Elmer T Erickson
Unknown
Grant Deed
—
—
—
Michael L Milasich
—
Deed Of Trust
related
$244,877 · Columbia State Bank
—
—
Michael L Milasich
—
Deed Of Trust
related
$312,000 · Columbia State 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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