Property profile

16002 Pacific Ave S Spanaway, WA 98387

FOR SALE
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Property ID
US90-1335182
4,489 SF 0.46 ac Built 1978
Last sale Jun 2026·$2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 7,571-square-foot building constructed in 1978 with a remodeling in 1996, situated on a 1.5-acre lot with ample parking and additional surrounding lots. The building includes a 4,489-square-foot showroom area and a 3,082-square-foot service garage. It is zoned for urban corridor use, supporting a range of potential uses including high-density residential, retail, dining, and office. The property has HVAC and forced-air heating and is constructed with a wood-frame system. It is located near Lake Spanaway Golf Course.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$813k
Assessed land$485k
Assessed improvement$328k
Effective rate1.48%

Value estimate

· Nov 2026
$535k
$482k – $589k
AI approach$350k
Submarket $/SF estimate$717k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$367/SF
County average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$173 – $600
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MUD
It is intended to include areas that are concentrations of commercial, office, and multi family developments located along major arterial...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.5
Dental Office14.8
Electrical Service11.0

Location

16002 Pacific Ave S Spanaway, WA 98387
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
126 173rd E, Spanaway, WA 98387-8218 $700,000 Oct 2024 2,650 SF
16311 Pacific S, Spanaway, WA 98387-8294 $100,000 Mar 2024 1,906 SF
3104 234th E, Spanaway, WA 98387-7472 $38,000 Aug 2022 5,600 SF
23403 Mtn E, Spanaway, WA 98387-7415 $30,000 Aug 2021 5,864 SF
18920 Pacific S, Spanaway, WA 98387-8325 $2,395,000 Jul 2021 3,078 SF
2118 216th St E, Spanaway, WA 98387-7545 $675,000 Jan 2019 3,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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