Reconfigurable intelligent surface (RIS) has been explored as a supportive technology for wireless communication since around 2019. While the literature highlights the potential of RIS in different modern applications, two key issues have gained significant attention from the research community: channel estimation and phase shift optimization. The performance gains of RIS-assisted systems rely heavily on optimal phase shifts, which, in turn, depend on accurate channel estimation. Several studies have addressed these challenges under different assumptions. Some works consider a range of continuous phase shifts, while others propose a limited number of discrete phase values for the RIS elements. Many studies present an idealized perspective, whereas others aim to approximate more practical aspects by considering circuit system responses and employing phase shifts derived from a Discrete Fourier Transform (DFT) or other lookup tables. However, to our knowledge, no study has examined the influence of circuit system parameters on channel estimation and subsequent phase shift optimization. This paper models each RIS element as an equivalent resonant circuit composed of resistance, capacitance, and inductance. We propose that resistance and capacitance parameters can be dynamically and independently configured, leading to the formulation of an impedance matrix. Furthermore, we construct a circuit-based RIS phase shift matrix that accounts for the response of the resonant circuit, which changes with variations in the physical parameters of resistance and capacitance. We investigate the impact of this circuit-based RIS phase shift within a tensor-based channel estimation approach. Our results indicate a performance loss compared to ideal scenarios, such as those using the DFT design. However, we found that increasing the training time can mitigate this performance degradation.