Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
1211 Regents Blvd Fircrest, WA 98466-6032
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1714771
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
WOOD FRAME
Total area
3,127 SF
Lot
0.16 ac (7,000 SF)
Zoning code
NC
APN
220112035
UPID
US90-1714771
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
$410k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$342k
Blend (final)
Blend
$545k
Owner & transaction history
Quarles Holdings LLC · 4 yrs held
Quarles Holdings LLC
since 2022
1 recorded transaction
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
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
$410,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$765,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$174 / 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
$5,814
Tax year 2024
Assessed value
$609,700
Assessed 2024
Previous assessed
$609,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$298,000
Assessed improvement
$311,700
Land market value
$298,000
Improvement market value
$311,700
Total market value
$609,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,127 SF
Lot
0.16 ac (7,000 SF)
Zoning code
NC
APN
220112035
UPID
US90-1714771
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
MEDICAL BUILDING
Est. value
$765,000
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
1956
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Quarles Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 64071, TACOMA, WA 98464-0071
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
—
Quarles Holdings LLC
John W Quarles
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1211 Regents Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
