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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Office Spaces
7610 Pioneer Way, Gig Harbor, WA 98335-1137
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0054916
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Construction
WOOD FRAME
Total area
1,188 SF
Lot
0.49 ac (21,250 SF)
Zoning code
DB
APN
7655000051
UPID
US90-0054916
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
-
Kent Cashman - State Farm Insurance Agent Insurance Agency
-
Eric Johnson Insurance Services Insurance Agency
-
Clawson Insurance Services Insurance Agency
-
Pacific Harbor Trading Logistics Company
-
The Urvina Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Northwest Business Development Asso · 3 yrs held
Northwest Business Development Asso
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
DB · 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
$1,420,000
ML approach
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.45M (Oct 31 2022)
Last sale anchor
$1.45M
Oct 31 2022
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
$1,199 / 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
$11,199
Tax year 2024
Assessed value
$1,320,900
Assessed 2024
Previous assessed
$1,320,900
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$912,900
Assessed improvement
$408,000
Land market value
$912,900
Improvement market value
$408,000
Total market value
$1,320,900
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
1950
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
1,188 SF
Lot
0.49 ac (21,250 SF)
Zoning code
DB
APN
7655000051
UPID
US90-0054916
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DB · Gig Harbor, WA
Zoning DB · permitted uses
DB · 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.
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Northwest Business Development Asso
Entity
Mailing address
7610 PIONEER WAY STE #201, GIG HARBOR, WA 98335-1137
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
—
Northwest Business Development Asso
Kc Pioneer LLC
Assignment Of Lease (leasehold Sale)
$599,000 · Northwest Business Development Associati
Oct 31, 2022
$1,450,000
Kc Pioneer LLC
Gig Harbor 3c Enterprises LLC
Warranty Deed
$1,305,000 · Commencement Bank
Apr 1, 2005
$500,000
3c Enterprises LLC
Blackwood,charl E
Warranty Deed
$636,000 · Key Bank NA
—
—
3c Ents LLC
—
Deed Of Trust
related
$750,000 · Key Bank NA
—
—
3c Ents LLC
—
Deed Of Trust
related
$32,774 · Freitas Brothers Farms LLC
—
—
3c Ents LLC
—
Deed Of Trust
related
$64,535 · Curry & Co INC
—
—
3c Ents LLC
—
Deed Of Trust
related
$250,000 · Evans Fruit Co INC
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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