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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
412 Bowes Dr Fircrest, WA 98466-7057
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3318480
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
WOOD FRAME
Total area
3,160 SF
Lot
0.38 ac (16,500 SF)
Zoning code
NO
APN
7160201450
UPID
US90-3318480
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
$670k
Comparable Approach
Comparable
$382k
Blend (final)
Blend
$510k
Owner & transaction history
Bcd2 LLC · 21 yrs held
Bcd2 LLC
since 2005
7 recorded transactions
Zoning & alternative use
NO · Fircrest, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
43 RESIDENTIAL-30 DISTRICT (R-30) § 22.43.001 Purpose. § 22.43.002 Permitted uses. § 22.43.003 Accessory uses. § 22.43.004 Conditional uses. § 22.43.005 Development standards. Chapter 22.44 NEIGHBORHOOD OFFICE DISTRICT (NO) § 22.44.001 Purpose. § 22.44.002 Permitted uses. § 22.44.003 Accessory uses. § 22.44.004 Conditional uses. § 22.44.005 Prohibited uses.…
Zone name
Neighborhood Office
General category
COMMERCIAL
Zone area
2.49 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
by Request
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$775,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$161 / 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
$5,136
Tax year 2024
Assessed value
$538,500
Assessed 2024
Previous assessed
$538,500
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$349,900
Assessed improvement
$188,600
Land market value
$349,900
Improvement market value
$188,600
Total market value
$538,500
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
1961
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
3,160 SF
Lot
0.38 ac (16,500 SF)
Zoning code
NO
APN
7160201450
UPID
US90-3318480
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NO · Fircrest, WAZoning NO · permitted uses
NO · Fircrest, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
43 RESIDENTIAL-30 DISTRICT (R-30) § 22.43.001 Purpose. § 22.43.002 Permitted uses. § 22.43.003 Accessory uses. § 22.43.004 Conditional uses. § 22.43.005 Development standards. Chapter 22.44 NEIGHBORHOOD OFFICE DISTRICT (NO) § 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
Zone name
Neighborhood Office
General category
COMMERCIAL
Zone area
2.49 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$775,000
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
1961
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bcd2 LLC
Entity
Mailing address
419 BERKELEY AVEA, FIRCREST, WA 98466-7033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Mar 19, 2026
—
Bcd2 LLC
—
Deed
related
$150,000 · Us Bank NA
Sep 25, 2018
—
Bcd2 LLC
—
Deed
related
—
Jan 20, 2005
$415,000
Bcd2 LLC
Getersbach,hal J
Warranty Deed
$290,000 · Bruce C Allen
Sep 27, 2000
$319,935
Hal J Geiersbach
Deor INC
Grant Deed
$206,250 · Rainier Pacific Cu
—
—
Bcd2 LLC
—
Deed Of Trust
related
$215,000 · Us Bank NA
—
—
Bcd2 LLC
—
Deed Of Trust
related
$150,000 · Us Bank NA
—
—
Bcd2 LLC
—
Loan Modification
related
—
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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