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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Assisted living facilities
802 Laurel Ln, Tacoma, WA 98406-8412
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0110733
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1993
Construction
WOOD FRAME
Total area
46,600 SF
Lot
15.04 ac (655,230 SF)
Zoning code
R3
APN
220032022
UPID
US90-0110733
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
-
Vintage Management Inc Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.26M
Blend (final)
Blend
$6.36M
Owner & transaction history
Narrows Glen Property Owner LLC · 3 yrs held
Narrows Glen Property Owner LLC
since 2022
7 recorded transactions
Zoning & alternative use
R3 · Tacoma, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$8,455,000
Current use
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±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
$136 / 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
$342,615
Tax year 2024
Assessed value
$30,845,800
Assessed 2024
Previous assessed
$30,845,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,248,500
Assessed improvement
$24,597,300
Land market value
$6,248,500
Improvement market value
$24,597,300
Total market value
$30,845,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1993
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
58
Total area
46,600 SF
Lot
15.04 ac (655,230 SF)
Zoning code
R3
APN
220032022
UPID
US90-0110733
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Tacoma, WA
Zoning R3 · permitted uses
R3 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$8.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1993
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
58
Lot
15.04 ac
Current owner
From public records · entity-resolved
Narrows Glen Property Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Narrows Glen Property Owner LLC
Welltower Victory II Landlord LP
Special Warranty Deed
—
Oct 4, 2016
$63,013,030
Epc Narrows Glen LLC
Avalon Narrows Glen LLC
Grant Deed
—
Jun 19, 2007
$27,000,000
Avalon Narrows Glen LLC
Shp II Tacoma LLC
Grant Deed
$31,037,000 · Wachovia Multifamily Capital
Nov 8, 2001
$27,921,569
Shp II Tacoma LLC
Atria Retirement & Assisted Li
Grant Deed
—
Oct 17, 2001
—
Retirement Atria
1-800 Home Loan
Grant Deed
$500,000 · Red Mortgage Capital INC
Dec 26, 2000
—
Hillhaven Properties Ltd
A99 Senior LLC
Trustees Deed
related
—
Jan 15, 1999
—
A99 Senior LLC
Hillhaven Propeties Ltd
Grant Deed
related
—
—
—
Shp II Tacoma LLC
—
Deed Of Trust
related
$16,250,000 · Berkshire Mortgage Finance Co
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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