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Property profile & analytics
OFF-MARKET
Apartment buildings
1018 Panorama Dr Fircrest, WA 98466-6509
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0310806
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
3,826 SF
Lot
0.23 ac (9,969 SF)
Zoning code
R20
APN
7267400022
UPID
US90-0310806
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
by Request
Owner & transaction history
Randy L Asbjornsen · 10 yrs held
Randy L Asbjornsen
since 2016
7 recorded transactions
Zoning & alternative use
R20 · Fircrest, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,637
Tax year 2024
Assessed value
$906,400
Assessed 2024
Previous assessed
$906,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$293,000
Assessed improvement
$613,400
Land market value
$293,000
Improvement market value
$613,400
Total market value
$906,400
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
3,826 SF
Lot
0.23 ac (9,969 SF)
Zoning code
R20
APN
7267400022
UPID
US90-0310806
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R20 · Fircrest, WA
Zoning R20 · permitted uses
R20 · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fircrest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Randy L Asbjornsen
Individual
Mailing address
1080 DANIELS DR, FIRCREST, WA 98466-5900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2016
$474,719
Randy L Asbjornsen
Jacob Theoharis
Warranty Deed
—
Apr 6, 2011
$281,000
Jacob Theoharis
Hud-housing Of Urban Dev
Warranty Deed
$305,878 · Homestreet Bank
Oct 21, 2010
$272,690
Hud-housing Of Urban Dev
Wells Fargo Bk NA
Warranty Deed
—
Sep 30, 2010
$312,039
Fargo Bk NA Wells
Northwest Te Svcs INC
Trustees Deed
related
—
Nov 30, 2000
$230,000
Gregory F Phillips
Churney,marie A
Grant Deed
$228,119 · First Horizon Home Loan Corp
Jun 18, 1998
$200,000
Marie A Churney
Charles,carlson Trust
Grant Deed
$140,000 · Net Star Mortgage
—
—
Jacob Theoharis
—
Deed Of Trust
related
$302,052 · Homestreet Bank
—
—
Gregory F Phillips
—
Deed Of Trust
related
$65,000 · Bank Of America
—
—
Gregory J Phillips
—
Deed Of Trust
related
$227,766 · First Horizon Corp
—
—
Gregory F Phillips
—
Deed Of Trust
related
$35,000 · Bank Of America
—
—
Gregory F Phillips
—
Deed Of Trust
related
$293,501 · City Bank
—
—
Jacob Theoharis
—
Deed Of Trust
related
$305,373 · Homestreet Bank
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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