Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26527 Mountain Highway East Spanaway, WA 98387

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    10 acres of commercial land with highway exposure.

    Type:Land
    Lot size:
    10.00 Acres
    Added:
    May 16, 2025
    Days on Market:
    335
    Last Refresh:
    Mar 13 at 2:56 pm

    Property Features for 26527 Mountain Highway East

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Hanna Saylor

    Listing agent Hanna Saylor License #22018444

    Listing office Gateway Real Estate

    Listing date May 16, 2025

    Source Compass

    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 Gateway Real Estate

    Overview

    Commercial Land on Highway 7

    This commercially zoned 10-acre property, consisting of two 5-acre parcels, is located directly off Highway 7. The site has 1320 feet of exposure on Mountain Highway. The property is level with light trees and offers a partial mountain view. Zoned RNC, Rural Neighborhood Center, the land is suitable for professional offices, suppliers, storage units, business services, and auto services, among other uses. Well and septic systems are not installed, presenting an opportunity for customization. This property is an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanaway
    County
    Pierce
    State
    Washington
    Longitude
    -122.3681056
    Latitude
    47.017524

    Nearby Similar for Sale

    • $2,300,000

      High-Traffic Automotive/Retail Opportunity

      Former auto showroom with service bays on Pacific Avenue.
      16002 Pacific Ave S, Spanaway, WA
      View Details
    • $2,300,000
      7,571 SF

      Spanaway Showroom and Service Garage

      7,571 SF building with showroom and service garage.
      16002 Pacific Ave S, Spanaway, WA 98387
      View Details
    • $508,600
      4,800 SF

      Retail Space on Pacific Avenue

      Retail location with high exposure and ample parking.
      18823 Pacific Ave S, Spanaway, WA 98387
      View Details
    • $5,200,000

      Fully Leased Spanaway Office Buildings

      Four single-story, multi-tenant office buildings for sale.
      16204 Pacific Ave S, Spanaway, WA 98387
      View Details
    • $5,200,000

      Fully Leased Spanaway Office Buildings

      Four single-story office buildings, fully leased to multiple tenants.
      16204-16218 Pacific Ave S, Spanaway, WA
      View Details
    • $870,000

      Spanaway Land Parcels For Sale

      Six cleared land parcels totaling approximately 26,670 SF in Spanaway.
      230 170th Street E #39-44, Spanaway, WA 98387
      View Details
    • $319,950

      Spanaway Land Parcels For Sale

      Two parcels in Spanaway offer multiple development opportunities.
      17302 A Street S, Spanaway, WA 98387
      View Details
    • $1,400,000
      4,200 SF

      Former Bingo Hall with Parking

      4,200 SF building with rental house and parking.
      22316 Mountain Hwy E, Spanaway, WA 98387
      View Details
    • $195,000

      Cleared Land Parcel For Sale

      Cleared land parcel available for sale in Spanaway, Washington.
      241 170th Street E #44, Spanaway, WA 98387
      View Details
    • $2,720,000
      2,989 SF

      Spanaway Specialty Property For Sale

      Specialty property in Spanaway, WA, offering 2989 square feet.
      19918 Mountain Hwy E, Spanaway, WA 98387
      View Details
    • $375,000

      Secluded 5+ Acre Home Site

      Private 5+ acre lot with power and well installed!
      22110 70th Avenue, Spanaway, WA 98387
      View Details
    • $135,000

      Spanaway Land Parcel For Sale

      Cleared land parcel in Spanaway, WA, ready for development.
      231 170th Street E #39, Spanaway, WA 98387
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10 acres of commercial land with highway exposure.
    Where is this commercial land located?
    The property is located at 26527 Mountain Highway East Spanaway, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Commercial zoning suitable for various business types.; **Highway frontage: 1320 feet of direct exposure on Highway 7.**; 10 acres consisting of two 5‑acre parcels.
    We can help!
    Listing Contact
    Hanna Saylor
    Real Estate License ID: 22018444
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!