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Property profile & analytics
OFF-MARKET
Flex space
1331 208th E St Spanaway, WA 98387-8185
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1293196
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1966
Construction
STEEL FRAME
Total area
19,734 SF
Lot
11.03 ac (480,293 SF)
Zoning code
CE
APN
318033051
UPID
US90-1293196
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mdc Coast 22 LLC · 4 yrs held
Mdc Coast 22 LLC
since 2022
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
CE · Spanaway, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$101,468
Tax year 2024
Assessed value
$6,468,000
Assessed 2024
Previous assessed
$6,468,000
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$3,260,900
Assessed improvement
$3,207,100
Land market value
$3,260,900
Improvement market value
$3,207,100
Total market value
$6,468,000
Applied tax rate
591.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
19,734 SF
Lot
11.03 ac (480,293 SF)
Zoning code
CE
APN
318033051
UPID
US90-1293196
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WAZoning CE · permitted uses
CE · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
11.03 ac
Current owner
From public records · entity-resolved
Mdc Coast 22 LLC
Entity
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$22,000,000
Mdc Coast 22 LLC
Cook Investments Nw Spnwy LLC
Special Warranty Deed
—
Nov 17, 2021
—
Cook Investments Spnwy LLC
—
Deed
related
$6,657,979 · Coastal Community Bank
Nov 5, 2021
—
Cook Investments Nw Spnwy LLC
—
Deed
related
$1,750,000 · Gallery Capital LLC
Oct 27, 2020
—
Cook Investments Nw Spnwy LLC
—
Deed
related
$2,222,000 · Coastal Community Bank
Jun 11, 2020
—
Cook Investments Nw Spnwy LLC
—
Deed
related
$1,000,000 · Three Girl Holdings LLC
Sep 30, 2019
—
Cook Investments Nw Spnwy LLC
—
Deed
related
$1,250,000 · Gallery Cap LLC
Jun 30, 2006
—
Cook Investments Nw Spnwy LLC
—
Deed Of Trust
related
$8,500,000 · Columbia State Bank
Jul 8, 2005
—
Cook Investments Nw Spnwy LLC
Cook,michael L
Quit Claim Deed
related
—
Nov 29, 2004
$1,600,000
Michael L Cook
Cook,kimberly D
Grant Deed
related
$1,625,000 · Horizon Bank
Jan 15, 1999
$1,600,000
Michael L Cook
Three R & B Ptshp
Grant Deed
$1,350,000 · Individual
—
—
Michael L Cook
—
Deed Of Trust
related
$2,000,000 · Bingo Investments LLC
—
—
Cook Investments Nw Spnwy LLC
—
Deed Of Trust
related
$1,250,000 · Gallery Cap LLC
—
—
Cook Investments Nw Spnwy LLC
—
Deed Of Trust
related
$1,000,000 · Three Girl Holdings LLC
—
—
Kimberly D Cook
—
Deed Of Trust
related
—
—
—
Ray D Shaffer
—
Deed Of Trust
related
$80,563 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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