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    Fife Warehouse with I-5 Visibility Title is generated by Realmo AI

    6407 20th St E, Fife, WA 98424

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    Fife warehouse with I-5 visibility, floor drains, shop with yard.

    Type:RETAIL
    Property size:
    18,754 SF
    Lot size:
    1.24 Acres
    Price / SF:
    $230/SF
    Added:
    Jul 12, 2024
    Days on Market:
    702
    Last Refresh:
    Apr 5 at 8:15 pm

    Property Features for 6407 20th St E

    General Information

    Standard status
    Active
    Size
    18,754 SF
    Lot size
    1.24 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 6407 20th St E Contact us

    We can help!

    Listing Contact
    Brent Nelson

    Listing agent Brent Nelson

    Listing office Saratoga Equities, LLC

    Listing date Jul 12, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Saratoga Equities, LLC

    HighLights

    • I‑5 visibility
    • Rare acquisition opportunity
    • Fife location adjacent to Larson Cadillac
    • Shop with yard
    • Features 3 grade doors
    • Floor drains

    Overview

    This warehouse property in Fife offers I-5 visibility and is located adjacent to Larson Cadillac. The building features floor drains and three grade doors. A shop with a yard and ample parking are included. The property size is 18754 square feet. According to Fife CMU Zoning, a retail component is required.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $292.6k $15.60
    − Vacancy −$23.1k −$1.23
    EGI $269.4k $14.37
    − OpEx −$40.4k −$2.16
    NOI $229.0k $12.21
    18,754 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.27M
    $2.86M – $3.82M (±1% cap)
    NOI $229,032 @ 7.0% cap · market cap 5.31%
    Second Best
    Industrial
    $2.69M
    $2.36M – $3.14M (±1% cap)
    NOI $188,615 @ 7.0% cap · market cap 4.37%
    Theoretical Best
    Office A
    $5.07M
    $4.43M – $5.91M (±1% cap)
    NOI $354,568 @ 7.0% cap · market cap 8.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Gym & Fitness Center Building Supply Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    • Orca Logistics — 2505 Frank Albert Rd E, Fife, WA 98424
    • tri pak #4 — #107-b, 2505 Frank Albert Rd E, Fife, WA 98424
    • Brown & Haley Fife Warehouse — 2105 Frank Albert Rd E, Fife, WA 98424
    • Access - Scanning, Records Storage, and Document Management — 2205 51st Ave E Suite 500, Fife, WA 98424
    • Allied Alaska Moving & Storage: Seattle / Tacoma — 2105 Frank Albert Rd E, Fife, WA 98424

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.344
    Latitude
    47.2396

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    FAQs

    What type of property is this?
    Warehouse - Fife warehouse with I-5 visibility, floor drains, shop with yard.
    Where is this warehouse located?
    The property is located at 6407 20th St E Fife, WA.
    What is the asking price?
    The asking price for this property is $4,315,000.
    What are key features of this property?
    This property features: I‑5 visibility; Rare acquisition opportunity; Fife location adjacent to Larson Cadillac
    (425) 455-2664 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brent Nelson
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