Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    502 54Th Ave E Fife, WA 98424

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($9,088 /Mo)

    Office space with frontage and access to transportation routes.

    Property size:
    6,816 SF
    Lot size:
    0.89 Acres

    Property Features for 502 54Th Ave E

    General Information

    Size
    6,816 SF
    Lot size
    0.89 Acres

    We can help!

    Listing Contact
    Theron Meier
    Source: Moodyscre

    Listing Agent: Theron Meier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fife Office Space For Rent

    This 6,816 square foot office building is available for rent. The building has frontage along 54th Ave E and immediate access to the Port of Tacoma, SR-509 and the new SR-167 interchange. The building refresh includes a new roof and HVAC. Abundant parking is available, approximately 4 stalls per 1,000 SF. Potential tenant improvements and yard space are available. The building would be suitable for various medical uses, financial services or a veterinary clinic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.3573411
    Latitude
    47.2534545

    Nearby Similar for Lease

    • Contact for pricing
      114,988 SF

      Fife Warehouse with Excellent Access

      114,988 SF warehouse with convenient access to major transportation routes.
      Valley Ave E 7323, Fife, WA 98424
      View Details
    • $0.72 SF/Yr
      255,070 SF

      Fife Commerce Center Industrial Facility

      Class A industrial facility with cross-loading dock doors and trailer parking.
      2511 70Th Ave E, Fife, WA 98466
      View Details
    • Contact for pricing
      41,800 SF

      Fife Warehouse and Office Space

      41,800 SF warehouse with office space near Port of Tacoma.
      5655 8Th St E, Fife, WA 98424
      View Details
    • $1.29 SF/Yr
      2,800 SF

      Warehouse Space Near Port of Tacoma

      Warehouse space with office near the Port of Tacoma.
      1407 Willow Rd E, Fife, WA
      View Details
    • $45 SF/Yr
      2,439 SF

      Prime Retail Space Near I-5

      High-visibility retail space near I-5 and Port of Tacoma.
      3402-3408 Pacific Hwy E, Fife, WA 98424
      View Details
    • $1.20 SF/Yr
      4,753 SF

      Fife Warehouse with Grade Doors

      2,402 SF warehouse space with excellent I-5 access.
      4630 16Th St E, Fife, WA 98405
      View Details
    • $28 SF/Yr
      1,856 SF

      Fife Restaurant Space Available

      Restaurant space with Type I hood and walk-in cooler.
      4716 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing
      17,173 SF

      Fife Warehouse with Office Space

      17,173 SF warehouse with 2,100 SF office space for rent.
      6752 20Th St East, Fife, WA 98422
      View Details
    • Contact for pricing
      7,469 SF

      Freestanding Restaurant Building Available

      7,469 SF freestanding restaurant building available for rent.
      5211 20Th St E, Fife, WA 98424
      View Details
    • $1.25 SF/Yr
      21,382 SF

      Fife Manufacturing/Warehouse Building For Rent

      Manufacturing/warehouse building with heavy power and infrared heating available for rent.
      5111 4Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      1,253 SF

      Fife Office Space Available

      Office space in Fife with private offices and open area.
      4803 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing
      2,078 SF

      Fife Flex Space Available

      2,078 SF flex space with office and grade-level door.
      5007 Pacific Hwy E, Fife, WA 98424
      View Details

    FAQs

    What type of property is this?
    Office space - Office space with frontage and access to transportation routes.
    Where is this office space located?
    The property is located at 502 54Th Ave E Fife, WA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Great location with frontage on 54th Ave E and immediate access to Port of Tacoma, SR-509, and SR-167.; - Introductory rate of $12.00 + NNN for the first year.; - Building refresh with new roof and HVAC.
    (253) 988-2649
    Request Owner's contact information
    502 54Th Ave E Fife, WA 98424
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 54Th Ave E
    Fife, WA 98424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 54Th Ave E Fife, WA 98424
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Theron Meier
    (253) 988-2649
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.