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    133 168th S St Spanaway, WA 98387-8226
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    Property profile & analytics

    133 168th S St, Spanaway, WA 98387-8226

    View on Map
    • Warehouses
    • 1,250 SF
    • 0.43 lot acres
    Off-Market
    Last Sale May 7, 2021
    $700,000
    Property ID
    US90-0735425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 133 168th S St

    Year built
    1996
    Construction
    WOOD FRAME
    Lot size
    0.43 lot acres
    Zone code
    MUD
    Property type
    Warehouses
    APN
    5025001881
    APU
    5025001881

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 17, 2023 — Cl New Start Enterprises LLC — Deed · related $1.4M · Bayfirst National Bank
    May 7, 2021 $700,000 Cl New Start Enterprises LLC Robyn L Deaton Bargain And Sale Deed $639k · Key Bank NA
    May 17, 2019 — Robyn L Deaton — Deed · related $200k · Max Spalding
    Jan 26, 2000 $115,000 Robyn L Deaton Maron,raymond A & Opal Grant Deed $101k · Key Bank NA
    Aug 29, 1990 $60,000 Raymond A Maron Unknown Grant Deed —
    — — Robyn L Deaton — Deed Of Trust · related $200k · Max Spalding
    — — Robyn L Deaton — Deed Of Trust · related $200k · American Safety Casualty Ins
    — — Robyn L Deaton — Deed Of Trust · related $52k · Key Bank NA
    — — Robyn L Deaton — Deed Of Trust · related $316k · Sterling Savings Bank
    — — Robyn L Deaton — Deed Of Trust · related $100k · Sterling Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $780,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $760,000
      Market price range: $172k - $763k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $535,000
      AUTO REPAIR, GARAGE
      $460,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spanaway
    County
    Pierce
    State
    Washington
    Longitude
    -122.434
    Latitude
    47.1048
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,692
    $243,700
    $478,000
    $721,700
    -
    $243,700
    $478,000
    $721,700

    Comparable in this City

    • Value Estimation
      $37,915,000
      405,040 SF

      20209 34th E Ave

      WAREHOUSE, STORAGE
      20209 34th E Ave, Spanaway, WA 98387-7361
      View Details
    • Value Estimation
      $29,165,000
      311,452 SF

      19820 57th E Ave

      WAREHOUSE, STORAGE
      19820 57th E Ave, Spanaway, WA 98387
      View Details
    • Value Estimation by Request
      10,400 SF

      21607 Mtn E Hwy

      MINI-WAREHOUSE, STORAGE
      21607 Mtn E Hwy, Spanaway, WA 98387-7539
      View Details
    • Value Estimation
      $690,000
      4.68 Acres

      3651 200th E St

      WAREHOUSE, STORAGE
      3651 200th E St, Spanaway, WA 98387-6606
      View Details
    • Value Estimation by Request
      2,660 SF

      6103 Knoble E Rd

      MINI-WAREHOUSE, STORAGE
      6103 Knoble E Rd, Spanaway, WA 98387-5715
      View Details
    • Value Estimation
      $1,430,000
      10,800 SF

      21303 Mtn E Hwy

      MINI-WAREHOUSE, STORAGE
      21303 Mtn E Hwy, Spanaway, WA 98387-7537
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Bingo Hall with Parking

      4,200 SF building with rental house and parking.
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      7,571 SF

      Spanaway Showroom and Service Garage

      7,571 SF building with showroom and service garage.
      16002 Pacific Ave S, Spanaway, WA 98387
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    • $5,200,000

      Fully Leased Spanaway Office Buildings

      Four single-story, multi-tenant office buildings for sale.
      16204 Pacific Ave S, Spanaway, WA 98387
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    • $950,000

      Spanaway Commercial Land For Sale

      Commercial land for sale, tenant occupied, UCOR zoning.
      16114 Pacific Ave S, Spanaway, WA 98387
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    • Contact for pricing

      Spanaway Land Parcel For Sale

      Cleared land parcel in Spanaway, WA, ready for development.
      231 170Th St E, Spanaway, WA 98387
      View Details
    • Contact for pricing

      Spanaway Land Parcels For Sale

      Two parcels in Spanaway offer multiple development opportunities.
      17302 A St S, Spanaway, WA 98387
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    Similar Nearby for Lease

    • Contact for pricing
      1,110,154 SF

      Large Industrial Space Near I-5

      1,110,154 SF industrial space with I-5 access.
      20623 34Th Ave E, Spanaway, WA 98387
      View Details
    • $10,657,478
      1,110,154 SF

      Large Industrial Space Available Now

      1,110,154 SF industrial space with I-5 access.
      20623 34Th Ave E, Spanaway, WA 98387
      View Details
    • Contact for pricing

      Spanaway Contractor Yard For Rent

      2 +/- acre contractor yard or parking in Spanaway.
      21621 Mountain Hwy E, Spanaway, WA 98387
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 1,204 to 2,234 SqFt.
      20220 Mountain Hwy E, Spanaway, WA 98387
      View Details
    • Contact for pricing

      High-Exposure Retail Space in Spanaway

      Retail space with high visibility and ample parking.
      17415 Pacific Ave S, Spanaway, WA 98387
      View Details
    • $3,000 /Mo
      400 SF

      Auto Sales Lot For Rent

      Auto sales lot with high traffic and office space.
      16822 Pacific Ave S, Spanaway, WA 98387
      View Details
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    Spanaway, WA 98387-8226
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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.

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