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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Office Spaces
115 Ramsdell St Fircrest, WA 98466-6912
Entity Owned
Free & Clear
Property ID
US90-0592202
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD FRAME
Total area
7,828 SF
Lot
0.82 ac (35,750 SF)
Zoning code
R6
APN
7160200380
UPID
US90-0592202
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
$1.66M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.66M
Owner & transaction history
FIRCREST TOWN
FIRCREST TOWN
Zoning & alternative use
R6 · Fircrest, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DENTIAL-4-CONSERVATION DISTRICT (R-4-C) § 22.34.001 Purpose. § 22.34.002 Permitted uses. § 22.34.003 Accessory uses. § 22.34.004 Conditional uses. § 22.34.005 Development standards. Chapter 22.36 RESIDENTIAL-6 DISTRICT (R-6) § 22.36.001 Purpose. § 22.36.002 Permitted uses. § 22.36.003 Accessory uses. § 22.36.004 Conditional uses. § 22.36.005 Development stan…
Zone name
Residential 6
General category
RESIDENTIAL
Zone area
267.70 ac
Top alternative use upside
Retail stores
$2.4M
+2.0%
Warehouse, storage
$2.3M
+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%
$1,800,000
6.5%
$1,660,000
7%
$1,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,315,000
Current use
RETAIL STORES
$2,365,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,345,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,915,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$211 / 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
Tax year 2024
Assessed value
$2,561,900
Assessed 2024
Previous assessed
$2,561,900
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$699,500
Assessed improvement
$1,862,400
Land market value
$699,500
Improvement market value
$1,862,400
Total market value
$2,561,900
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
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
7,828 SF
Lot
0.82 ac (35,750 SF)
Zoning code
R6
APN
7160200380
UPID
US90-0592202
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Fircrest, WAZoning R6 · permitted uses
R6 · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DENTIAL-4-CONSERVATION DISTRICT (R-4-C) § 22.34.001 Purpose. § 22.34.002 Permitted uses. § 22.34.003 Accessory uses. § 22.34.004 Conditional uses. § 22.34.005 Development standards. Chapter 22.36 RESIDENTIAL-6 DISTRICT (R-6) § 22.36.001 Purpose. § 22.36.002 Permitted uses. § 22.36.003 Accessory uses. § 22.36.004 Conditional uses. § 22.36.005 Development standards. Chapter 22.38 RESIDENTIAL-8 DISTRICT (R-8) § 22.38.001 Purpose. § 22.38.002
Zone name
Residential 6
General category
RESIDENTIAL
Zone area
267.70 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
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
1999
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
FIRCREST TOWN
Individual
Free & Clear · 0 yrs held
Mailing address
115 RAMSDELL ST, FIRCREST, WA 98466-6912
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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