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    Property profile & analytics

    7210 40th W St University Place, WA 98466-4319

    • Medical offices
    • 21,069 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimation
    $7,245,000
    Last Sale
    Nov 30, 2020
    $6,550,000
    Location Intelligence
    Property ID
    US90-1485002
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Debora W Overstreet, MD / Pediatrician / Doctor
    • Light Dental Studios of University Place / Dentist / Cosmetic Dentist
    • Franciscan Medical Clinic - University Place / Pediatrician / Family Practice Physician
    • University Place Med Clinic: Price Bret L / Doctor
    • Christina N Martinez, ARNP / Nurse Practitioner

    Property Details for 7210 40th W St

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.31 lot acres
    Property size
    21,069 SF
    Zone code
    MUO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    220154103
    APU
    220154103

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,765,000
      6.5%
      $5,960,000
      7%
      $6,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,360,000
      Geo Method
      $7,290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,010,000
      Retail
      $5,870,000
      Mixed-Use
      $5,630,000
      Hospitality
      $5,730,000
      Educational
      $6,970,000
      Residential Income
      $6,415,000
      Energy
      $7,570,000
      Income-Based Land
      $6,215,000
      Food Service
      $6,265,000

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.534
    Latitude
    47.2205
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $53,823
    $1,507,000
    $3,019,100
    $4,526,100
    -
    $1,507,000
    $3,019,100
    $4,526,100

    Comparable in this City

    • Value Estimation by Request
      16,444 SF

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    • Value Estimation by Request
      18,728 SF

      1115 Regents Blvd

      MEDICAL BUILDING • 18,728 SF
      1115 Regents Blvd, Fircrest, WA 98466-6031
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    • Value Estimation
      $550,000
      2,064 SF

      7810 27th W St

      MEDICAL BUILDING • 2,064 SF
      7810 27th W St, University Place, WA 98466-4111
      View Details
    • Value Estimation
      $715,000
      1,476 SF

      4401 Bridgeport W Way

      MEDICAL BUILDING • 1,476 SF
      4401 Bridgeport W Way, University Place, WA 98466-4201
      View Details
    • Value Estimation
      $415,000
      1,291 SF

      4111 Bridgeport Way W Ste A

      MEDICAL BUILDING • 1,291 SF
      4111 Bridgeport Way W Ste A, University Place, WA 98466-4327
      View Details
    • Value Estimation by Request
      2,988 SF

      6715 Regents Blvd

      MEDICAL BUILDING • 2,988 SF
      6715 Regents Blvd, Tacoma, WA 98466-5421
      View Details

    Similar Nearby for Sale

    • $1,890,000

      University Place Office Space Available

      Office space for sale in University Place, Washington.
      4109 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,550,000
      6 SF

      Fircrest Office Building For Sale

      6,480 SF office building on 0.75 acres available.
      6402 South 19Th Street Ct, Tacoma, WA 98466
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    • $1,995,000

      Income Producing University Place Office

      Well-kept office property in prime University Place location.
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      View Details
    • $4,750,000
      143,748 SF

      3.3 AC IOS Yard

      3.3 AC IOS Yard available for sale or lease.
      6820 27Th Street Ct W, University Place, WA 98466
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    • $1,350,000
      4,092 SF

      University Place Chapel For Sale

      Well-maintained 4,092 SF chapel on a 64,875 SF lot.
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    • $1,295,000
      7,263 SF

      Iconic University Place Cafe Building

      Prime retail property near Chambers Bay with development potential.
      2912 27Th Street Ct W, University Place, WA 98466
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,350 SF

      University Place Office Space Available

      High-visibility office space in University Place with ample parking.
      4303 Bridgeport Way W, University Place, WA 98466
      View Details
    • $995 /Mo
      800 SF

      University Place Office Space

      800 SF heated storage space available for rent.
      2709-2811 Bridgeport Way W, University Place, WA 98466
      View Details
    • $16 SF/Yr
      3,024 SF

      Two-Story Office Space For Rent

      Two-story office space with ample parking and potential storage.
      4019 South Orchard St, Fircrest, WA 98466
      View Details
    • $12 SF/Yr
      1,570 SF

      University Place Office Space Available

      1,570 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing
      3,663 SF

      University Place Office Space

      Office space available for rent in University Place, Washington.
      3929 Bridgeport Way W, University Place, WA 98466
      View Details
    • $0.72 SF/Yr
      255,070 SF

      Fife Commerce Center Industrial Facility

      Class A industrial facility with cross-loading dock doors and trailer parking.
      2511 70Th Ave E, Fife, WA 98466
      View Details
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    7210 40th W St
    University Place, WA 98466-4319
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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