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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office Spaces
1101 Regents Blvd Fircrest, WA 98466-6031
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1045593
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,880 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NC
APN
220112050
UPID
US90-1045593
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
$610k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$530k
Owner & transaction history
Blake Surina · 8 yrs held
Blake Surina
since 2018
5 recorded transactions
Zoning & alternative use
NC · Fircrest, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 22.44.001 Purpose. § 22.44.002 Permitted uses. § 22.44.003 Accessory uses. § 22.44.004 Conditional uses. § 22.44.005 Prohibited uses. § 22.44.006 Development standards. Chapter 22.46 NEIGHBORHOOD COMMERCIAL DISTRICT (NC) § 22.46.001 Purpose. § 22.46.002 Permitted uses. § 22.46.003 Accessory uses. § 22.46.004 Conditional uses. § 22.46.005 Administrative use…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
8.67 ac
Top alternative use upside
Retail stores
$870,000
+2.0%
Warehouse, storage
$865,000
+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 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%
$660,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$855,000
Current use
RETAIL STORES
$870,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$865,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$705,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$184 / 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
$5,400
Tax year 2024
Assessed value
$566,200
Assessed 2024
Previous assessed
$566,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$415,500
Assessed improvement
$150,700
Land market value
$415,500
Improvement market value
$150,700
Total market value
$566,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
2,880 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NC
APN
220112050
UPID
US90-1045593
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Fircrest, WAZoning NC · permitted uses
NC · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 22.44.001 Purpose. § 22.44.002 Permitted uses. § 22.44.003 Accessory uses. § 22.44.004 Conditional uses. § 22.44.005 Prohibited uses. § 22.44.006 Development standards. Chapter 22.46 NEIGHBORHOOD COMMERCIAL DISTRICT (NC) § 22.46.001 Purpose. § 22.46.002 Permitted uses. § 22.46.003 Accessory uses. § 22.46.004 Conditional uses. § 22.46.005 Administrative uses. § 22.46.006 Master plans. § 22.46.007 Prohibited uses. § 22.46.008 Development
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
8.67 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$855,000
RETAIL STORES
Est. value
$870,000
WAREHOUSE, STORAGE
Est. value
$865,000
MEDICAL BUILDING
Est. value
$705,000
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Blake Surina
Individual
Mailing address
1303 REGENTS BLVD #3, FIRCREST, WA 98466-6002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2018
—
Blake Surina
Carla Edman Surina
Intrafamily Transfer
related
$250,000 · Columbia State Bank
May 23, 1990
$220,000
Blake Surina
Granaten USA
Grant Deed
$219,000 · Granaten USA
—
—
Blake J Surina
—
Deed Of Trust
related
$135,913 · Columbia State Bank
—
—
Blake Surina
—
Deed Of Trust
related
$60,896 · Columbia State Bank
—
—
Blake J Surina
—
Deed Of Trust
related
$15,331 · Columbia State 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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