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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office Spaces
7326 27th W St University Place, WA 98466-4630
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1659521
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1983
Construction
WOOD FRAME
Total area
5,284 SF
Lot
1.07 ac (46,479 SF)
Zoning code
NC
APN
9435000332
UPID
US90-1659521
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
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.15M
Owner & transaction history
Brassfields Again II LLC · 22 yrs held
Brassfields Again II LLC
since 2003
7 recorded transactions
Zoning & alternative use
NC · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+2.0%
Warehouse, storage
$1.6M
+1.2%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,565,000
Current use
RETAIL STORES
$1,595,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,585,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,295,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$217 / 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
$20,838
Tax year 2024
Assessed value
$1,623,700
Assessed 2024
Previous assessed
$1,623,700
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$942,700
Assessed improvement
$681,000
Land market value
$942,700
Improvement market value
$681,000
Total market value
$1,623,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1983
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
5,284 SF
Lot
1.07 ac (46,479 SF)
Zoning code
NC
APN
9435000332
UPID
US90-1659521
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · University Place, WA
Zoning NC · permitted uses
NC · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
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
1983
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Brassfields Again II LLC
Entity
Mailing address
7326 27TH ST W, UNIVERSITY PLACE, WA 98466-4630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2003
—
Brassfields Again II LLC
Brassfields Again LLC
Quit Claim Deed
related
$1,250,000 · Cnl Commercial Finance INC
Jul 20, 2001
$1,000,000
Brassfields Again LLC
Schield,joan M & Kenney D
Grant Deed
$713,543 · Money Store Commercial Mtg
Dec 1, 1993
$787,000
Joan M Schield
Mcconaghy,john W
Grant Deed
—
—
—
Brassfields Again II LLC
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
Brassfields Again LLC
—
Deed Of Trust
related
$589,000 · Evergreen Community Dev Assn
—
—
Brassfields Again II LLC
—
Deed Of Trust
related
$1,285,000 · Umpqua Bank
—
—
Brassfields Again II LLC
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
Brassfields Again II LLC
—
Deed Of Trust
related
$1,300,000 · Us Bank NA
—
—
Brassfields Again II LLC
—
Deed Of Trust
related
$915,000 · Key Bank NA
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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