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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Apartment buildings
1012 Panorama Dr Fircrest, WA 98466-6506
Individually Owned
8-yr Hold
Property ID
US90-0476445
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
4,632 SF
Lot
0.24 ac (10,614 SF)
Zoning code
R20
APN
7267400035
UPID
US90-0476445
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Brian Blessing · 8 yrs held
Brian Blessing
since 2018
6 recorded transactions
Zoning & alternative use
R20 · Fircrest, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
L COMMUNITY DESIGN DISTRICT (R-10-TCD) § 22.40.001 Purpose. § 22.40.002 Permitted uses. § 22.40.003 Accessory uses. § 22.40.004 Conditional uses. § 22.40.005 Development standards. Chapter 22.42 RESIDENTIAL-20 DISTRICT (R-20) § 22.42.001 Purpose. § 22.42.002 Permitted uses. § 22.42.003 Accessory uses. § 22.42.004 Conditional uses. § 22.42.005 Development sta…
Zone name
Residential 20
General category
RESIDENTIAL
Zone area
31.03 ac
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 Fircrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fircrest 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
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$112 / 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
$9,789
Tax year 2024
Assessed value
$1,027,400
Assessed 2024
Previous assessed
$1,027,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$298,200
Assessed improvement
$729,200
Land market value
$298,200
Improvement market value
$729,200
Total market value
$1,027,400
Applied tax rate
70.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Total area
4,632 SF
Lot
0.24 ac (10,614 SF)
Zoning code
R20
APN
7267400035
UPID
US90-0476445
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R20 · Fircrest, WAZoning R20 · permitted uses
R20 · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
L COMMUNITY DESIGN DISTRICT (R-10-TCD) § 22.40.001 Purpose. § 22.40.002 Permitted uses. § 22.40.003 Accessory uses. § 22.40.004 Conditional uses. § 22.40.005 Development standards. Chapter 22.42 RESIDENTIAL-20 DISTRICT (R-20) § 22.42.001 Purpose. § 22.42.002 Permitted uses. § 22.42.003 Accessory uses. § 22.42.004 Conditional uses. § 22.42.005 Development standards. Chapter 22.43 RESIDENTIAL-30 DISTRICT (R-30) § 22.43.001 Purpose. § 22.43.00
Zone name
Residential 20
General category
RESIDENTIAL
Zone area
31.03 ac
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Lot
0.24 ac
Current owner
From public records · entity-resolved
Brian Blessing
Individual
Mailing address
PO BOX 3364, RENTON, WA 98056-0015
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
—
Kornkanok Rungrojwararag
—
Deed
related
$250,000 · Boeing Emps Cu
May 11, 2018
—
Brian Blessing
Blessing,brian
Quit Claim Deed
related
—
Jan 22, 2018
$275,000
Brian Blessing
Kornkanok Rungrojwararag
Quit Claim Deed
—
Jan 12, 2018
—
Yevette Heldman
Heldman Leta
Quit Claim Deed
related
—
—
—
Roger Heldman JR.
—
Deed Of Trust
related
$80,000 · Heldman_sr Roger
—
—
Kornkanok Rungrojwararag
—
Deed Of Trust
related
$250,000 · Boeing Emps Cu
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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