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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office Spaces
706 6th Ave Tacoma, WA 98405-4603
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-0609052
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1905
Construction
FRAME
Total area
2,030 SF
Lot
0.06 ac (2,550 SF)
Zoning code
DR
APN
2006140030
UPID
US90-0609052
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
-
Dane Gregory Meyer Photography Photography Service (Bike/Boat/Book/etc) Store
-
Nancy Hausauer, Energy Healer Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$461k
Blend (final)
Blend
$625k
Owner & transaction history
Dane G Meyer · 5 yrs held
Dane G Meyer
since 2021
Last sale
$625,000
4 recorded transactions
Zoning & alternative use
DR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$860,000
+91.3%
Auto repair, garage
$750,000
+66.6%
Retail stores
$615,000
+36.2%
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
$640,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +91% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$615,000
Change: +36% · Conversion: Easy
WAREHOUSE, STORAGE
$610,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Mar 27 2025)
Last sale anchor
$625k
Mar 27 2025
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
$308 / 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
$4,134
Tax year 2024
Assessed value
$371,200
Assessed 2024
Previous assessed
$371,200
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$173,100
Assessed improvement
$198,100
Land market value
$173,100
Improvement market value
$198,100
Total market value
$371,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
2
Total area
2,030 SF
Lot
0.06 ac (2,550 SF)
Zoning code
DR
APN
2006140030
UPID
US90-0609052
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DR · Tacoma, WA
Zoning DR · permitted uses
DR · 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
COMMERCIAL (GENERAL) Current
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$750,000
RETAIL STORES
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Dane G Meyer
Individual
Free & Clear · 5 yrs held
Mailing address
706 6TH AVE, TACOMA, WA 98405-4603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Dane G Meyer
Dane G Meyer LLC
Quit Claim Deed
related
—
May 27, 2011
—
Dane G Meyer LLC
Meyer,dane G
Quit Claim Deed
related
—
Oct 23, 1992
$82,000
Meyer Dane G
Unknown
Grant Deed
$69,700 · Seller
—
—
Dane G Meyer
—
Deed Of Trust
related
$71,932 · 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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