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    Stewart Rd SE and Thornton Ave SW | Pacific, WA 98047 Pacific, WA 98047
    Property profile & analytics

    Stewart Rd SE and Thornton Ave SW | Pacific, WA 98047 Pacific, WA 98047

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    • Land

    Property Details for Stewart Rd SE and Thornton Ave SW | Pacific, WA 98047

    Property type
    Land

    Description

    » 0.3 miles from Highway 167 exit » Stewart Rd is at the base of Lakeland Hills community » Lakeland Hills planned community has over 3,000 homes with high income level

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pacific
    County
    State
    Washington
    Longitude
    -122.248
    Latitude
    47.2612

    Comparable in this City

    • Value Estimation by Request
      1.79 Acres

      1613 Thornton SW Pl, Unit 4

      INDUSTRIAL - VACANT LAND • 1.79 Acres
      1613 Thornton SW Pl, Auburn, WA 98047
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    • Value Estimation
      $510,000
      1.71 Acres

      1414 Valentine SE Ave

      INDUSTRIAL - VACANT LAND • 1,047 SF
      1414 Valentine SE Ave, Pacific, WA 98047-2104
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    • Value Estimation by Request
      2.16 Acres

      1374 Thornton SW Ave

      INDUSTRIAL - VACANT LAND • 1,912 SF
      1374 Thornton SW Ave, Auburn, WA 98047-2112
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    • Value Estimation by Request
      0.34 Acres

      380 Roy SW Rd

      INDUSTRIAL - VACANT LAND • 0.34 Acres
      380 Roy SW Rd, Pacific, WA 98047-2133
      View Details
    • Value Estimation by Request
      5.01 Acres

      982 Thornton SW Pl

      INDUSTRIAL - VACANT LAND • 5.01 Acres
      982 Thornton SW Pl, Pacific, WA 98047-2115
      View Details
    • Value Estimation by Request
      0.20 Acres

      1395 Thornton SW Ave

      INDUSTRIAL - VACANT LAND • 716 SF
      1395 Thornton SW Ave, Auburn, WA 98047-2112
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale in Pacific, Washington.
      1436 Thornton Ave SW, Pacific, WA 98047
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      Pacific Industrial Yard For Sale

      13,200 SF yard at the corner of W Valley Hwy.
      301 W Valley Hwy, Pacific, WA 98047
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    • $325,000

      Pacific Land for Contractor Storage

      0.30 acre level, graveled land zoned for light industrial.
      301 W Valley Hwy, Pacific, WA 98047
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    • $1,250,000
      1.68 Acres

      High-Traffic Pacific Commercial Land

      Prime location, high visibility, development potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Pacific Land Lease Opportunity

      6 acres of land available for lease in Pacific, Washington.
      768 Butte Ave Southeast, Pacific, WA 98047
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    • $2,000 /Mo

      Pacific Industrial Yard for Lease

      13,200 SF yard for lease in Pacific, WA.
      301 W Valley Hwy, Pacific, WA 98047
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    • Contact for pricing
      25,011 SF

      Land Near Lakeland Hills Community

      Land near Highway 167 and Lakeland Hills community.
      SE And Thornton Ave SW, Pacific, WA 98047
      View Details
    • Contact for pricing
      9,500 SF

      Pacific Industrial Land and Shop

      Industrial land with a 9,500 SF shop for lease.
      931 Valentine Ave SE, Pacific, WA 98047
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    • Contact for pricing

      Pacific Land for Lease

      Commercial land available for lease in Pacific, Washington.
      263 Roy Rd SW, Pacific, WA 98047
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    • $8,500 /Mo
      46,609 SF

      Pacific WA Yard Space

      Fenced, graveled/partially paved yard space available for rent.
      100 Frontage Rd S, Pacific, WA 98047
      View Details
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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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    Stewart Rd SE and Thornton Ave SW | Pacific, WA 98047, Pacific, WA, 98047
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