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    2523 Pacific Highway E Fife, WA 98424

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    4,213 SF industrial space with office and highway access.

    Type:Industrial
    Property size:
    4,213 SF
    Added:
    Feb 26, 2026
    Days on Market:
    55
    Last Refresh:
    Feb 26 at 10:51 pm

    Property Features for 2523 Pacific Highway E

    General Information

    Standard status
    Active
    Size
    4,213 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Connor Powell, SIOR, CCIM

    Listing agent Connor Powell, SIOR, CCIM

    Listing office NAI Puget Sound Properties

    Listing date Feb 26, 2026

    Source Naiglobal

    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 NAI Puget Sound Properties

    Overview

    Fife Industrial Space For Lease

    This industrial space, available for lease in Fife starting 2/1/2026, offers 4,213 square feet, including 665 square feet of office space. The property features a clear height of 16 to 18 feet and one grade-level access door. It is equipped with a sprinkler system and benefits from industrial zoning. The location provides convenient access to I-5, Highway 99, and the Port of Tacoma. The monthly lease rate is $5,428, which equates to $1.15 per square foot, plus NNN.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Hair Salon Big Box & Wholesale Store Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.3949141
    Latitude
    47.2446348

    Nearby Similar for Lease

    • $1.15/mo

      Fife Industrial Space For Lease

      Industrial space with convenient access to major transportation routes.
      2523 Pacific Highway E, Fife, WA 98424
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      Fife Freestanding Buildings For Lease

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      Fife Commercial Space Available

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      5121 Pacific Hwy E, Fife, WA 98424
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      Fife Freestanding Buildings For Lease

      Two buildings totaling 3,813 SF, flexible occupancy, convenient location.
      6205 20th St E, Fife, WA 98424
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      Remodeled Office Suite in Fife

      Recently remodeled office suite with I-5 access and ample parking.
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      Restaurant Space with Type I Hood

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      4716 Pacific Hwy E, Fife, WA 98424
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      Retail Space in Established Center

      Retail space available in well-established shopping center with ample parking.
      4420 Pacific Hwy E, Fife, WA 98424
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      Furnished Office Space Available

      Bright, open, and fully furnished office space for rent.
      5050 20th Street E, Fife, WA 98424
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      Fife Flex Space Available

      Flex space with I-5 and Port of Tacoma access.
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      Fife Office Building with Parking

      39,206 SF office building with plentiful parking and great access.
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      Fife Flex Space Available

      4,213 SF flex space with office and warehouse components.
      2523 Pacific Hwy E, Fife, WA 98424
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    FAQs

    What type of property is this?
    Flex space - 4,213 SF industrial space with office and highway access.
    Where is this flex space located?
    The property is located at 2523 Pacific Highway E Fife, WA.
    What are key features of this property?
    This property features: Great access to I‑5, Hwy 99, and Port of Tacoma; 4,213 SF total space (including 665 SF office); Industrial Zoning
    (425) 586-5642
    We can help!
    Listing Contact
    Connor Powell, SIOR, CCIM
    Learn More
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    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
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