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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Retail space
1221 Regents Blvd Fircrest, WA 98466-6032
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1335462
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,431 SF
Lot
0.23 ac (10,000 SF)
Zoning code
NC
APN
220112057
UPID
US90-1335462
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
$465k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$745k
Owner & transaction history
Bruce J Shamp · 8 yrs held
Bruce J Shamp
since 2017
7 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
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
$465,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,085,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$168 / 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
$8,265
Tax year 2024
Assessed value
$867,300
Assessed 2024
Previous assessed
$867,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$261,600
Assessed improvement
$605,700
Land market value
$261,600
Improvement market value
$605,700
Total market value
$867,300
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
4,431 SF
Lot
0.23 ac (10,000 SF)
Zoning code
NC
APN
220112057
UPID
US90-1335462
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
$1.1M
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Bruce J Shamp
Individual
Mailing address
6824 19TH ST W, UNIVERSITY PLACE, WA 98466-5528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2018
—
Bruce J Shamp
—
Grant Deed
related
$1,517,348 · Kitsap Bk
Dec 21, 2017
—
Bruce J Shamp
Shamp Living Trust
Quit Claim Deed
related
—
Mar 23, 2012
—
Bruce J Shamp
Shamp Living Trust
Quit Claim Deed
related
$50,000 · Heritage Bank
Jan 4, 1991
$106,894
Bruce J Shamp
Unknown
Grant Deed
—
Feb 23, 1989
$16,500
Larry Blum
Hall,kenneth G
Grant Deed
$148,500 · Hall Kenneth G
—
—
Shamp,bruce J & Victoria L
—
Loan Modification
related
$220,000 · Sterling Bk
—
—
Bruce J Shamp
—
Deed Of Trust
related
$240,000 · Sterling 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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