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Property profile & analytics
FOR SALE
Retail space
6802 27Th Street Ct W University Place, WA 98466
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1467184
For Sale
1 / 2
Contact for pricing
6802 27Th Street Ct W, University Place, WA 98466
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,168 SF
Lot
2.3 ac (100,188 SF)
Zoning code
IB
APN
220104106
UPID
US90-1467184
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
$815k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.06M
Owner & transaction history
Gaylor Family LLC · 16 yrs held
Gaylor Family LLC
since 2009
7 recorded transactions
Zoning & alternative use
IB · University Place, 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 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
$815,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,510,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$172 / 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
$27,523
Tax year 2024
Assessed value
$2,217,900
Assessed 2024
Previous assessed
$2,217,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,853,000
Assessed improvement
$364,900
Land market value
$1,853,000
Improvement market value
$364,900
Total market value
$2,217,900
Applied tax rate
752.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
2
Units
1
Total area
6,168 SF
Lot
2.3 ac (100,188 SF)
Zoning code
IB
APN
220104106
UPID
US90-1467184
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
IB · University Place, WAZoning IB · permitted uses
IB · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.5M
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
3
Units
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Gaylor Family LLC
Entity
Mailing address
398 SW WYCOFF RD, PORT ORCHARD, WA 98367-9425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2019
—
Gaylord Family LLC
—
Deed
related
$26,821 · Connie Gaylord
Dec 19, 2018
—
Gaylord Family LLC
—
Deed
related
$500,000 · Douglas R Lemay
Mar 21, 2018
—
Gaylord Family LLC
—
Trustees Deed
related
$370,376 · Cason Hm Lns
Aug 30, 2017
—
Gaylord Family LLC
—
Deed
related
$210,000 · Eastside Funding LLC
Aug 7, 2009
—
Gaylor Family LLC
Gaylord R S Living Trust
Quit Claim Deed
related
—
Dec 19, 2005
—
Gaylord Robert S Trust
Gaylord,robert S
Quit Claim Deed
related
—
—
—
Gaylord Family LLC
—
Deed Of Trust
related
$500,000 · Douglas R Lemay
—
—
Gaylord Family LLC
—
Deed Of Trust
related
$26,821 · Connie Gaylord
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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