New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Office Spaces
6622 Wollochet Dr, Gig Harbor, WA 98335-8325
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0637628
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
WOOD FRAME
Total area
21,200 SF
Lot
1.98 ac (86,249 SF)
Zoning code
RB-2
APN
4002760050
UPID
US90-0637628
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
-
Rush Development Co Construction Company
-
Rush Residential Construction Company General Contractor
-
The Rush Companies Construction Company
-
Rush Properties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.88M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$3.61M
Owner & transaction history
Rush Residential INC · 11 yrs held
Rush Residential INC
since 2015
7 recorded transactions
Zoning & alternative use
RB-2 · Gig Harbor, 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 Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor 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%
$4,200,000
6.5%
$3,875,000
7%
$3,600,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,820,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±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
$170 / 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
$48,046
Tax year 2024
Assessed value
$5,671,200
Assessed 2024
Previous assessed
$5,671,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,410,900
Assessed improvement
$4,260,300
Land market value
$1,410,900
Improvement market value
$4,260,300
Total market value
$5,671,200
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
2008
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
21,200 SF
Lot
1.98 ac (86,249 SF)
Zoning code
RB-2
APN
4002760050
UPID
US90-0637628
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-2 · Gig Harbor, WA
Zoning RB-2 · permitted uses
RB-2 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.8M
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
2008
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Rush Residential INC
Entity
Mailing address
6622 WOLLOCHET DR, GIG HARBOR, WA 98335-8325
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
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
Rms Office Building LLC
—
Deed
related
$800,000 · First Citizens Bank & Trust Co
Feb 21, 2019
—
Rms Office Building LLC
—
Deed
related
$3,308,558 · First Citizens Bank & Trust Co
Mar 30, 2015
$3,100,000
Rush Residential INC
Rush-talmo LLC
Trustees Deed
related
$3,100,000 · Rush-talmo LLC
Dec 31, 2009
$1,400,000
Rms Office Building LLC
Mallards Landing 3 LLC
Warranty Deed
—
Feb 6, 2009
—
One Mallards Landing LLC
—
Deed Of Trust
related
$23,267,000 · Cwcapital LLC
Jan 30, 2009
—
Rush Commercial Const INC
—
Deed Of Trust
related
$1,000,000 · Valley Bank
May 9, 2008
$4,100,000
One Mallards Landing LLC
Gig Garbor Senior Living LLC
Warranty Deed
$4,796,170 · Clm Holdings LLC
Mar 27, 2007
$580,392
Mallards Landing 2 LLC
Talmo INC
Warranty Deed
$348,235 · Talmo INC
Mar 27, 2007
$662,119
Mallards Landing 7 LLC
Talmo INC
Warranty Deed
$397,271 · Talmo INC
Mar 27, 2007
$308,684
Mallards Landing 3 LLC
Talmo INC
Warranty Deed
$185,210 · Talmo INC
Aug 9, 2006
$100,000
Gig Harbor Senior L Andersons
Gig Harbor Senior Living LLC
Warranty Deed
related
—
Jun 12, 2006
$175,000
Gig Harbor Senior Livi Coates
Gig Harbor Senior Living LLC
Warranty Deed
related
—
Jun 12, 2006
$115,500
Smiths Gig Harbor Senior Li J
Gig Harbor Senior Living Lc
Warranty Deed
related
—
Jun 12, 2006
$350,000
Gig Harbor Senior Liv Caspers
Gig Harbor Senior Lving LLC
Warranty Deed
related
—
May 12, 2006
$245,185
Livestocks Gig Harbor Bridger
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$126,945
Gig Harbor Seni Bienvenues II
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$81,728
Gig Harbor Senior Liv Nelsons
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$294,270
Gig Harbor Senior Livi Allens
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$761,428
Gig Harbor Senior Living LLC
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$204,321
Gig Harbor Senior Li Gauglers
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$133,231
Gig Harbor Senior Debethizys
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$129,604
Gig Harbor Senior Bienvenues
M & L Assisted Living LLC
Warranty Deed
—
May 12, 2006
$359,556
Gig Harbor Senior Living Lees
M & L Assisted Living LLC
Warranty Deed
—
Nov 18, 2005
$1,450,000
M & L Assisted Living LLC
Talmo INC
Warranty Deed
—
—
—
Rms Office Building LLC
—
Deed Of Trust
related
$721,030 · Mallards Landing 3 LLC
—
—
Mallards Landing 3 LLC
—
Deed Of Trust
related
$4,800,000 · Valley Bell Cu
—
—
Rms Office Building LLC
—
Deed Of Trust
related
$1,600,000 · Valley 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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