Financial
Distress signals
Property profile

16114 Pacific Ave S Spanaway, WA 98387

FOR SALE
Retail space
Property ID
US90-1160660
2,800 SF 0.4 ac lot Built 1985
Last sale Apr 2003 · $707,243
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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16114 Pacific Ave S, Spanaway, WA 98387 For Sale
Contact for pricing 2,800 SF
16114 Pacific Ave S, Spanaway, WA 98387
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Property summary

AI-generated overview

The property is commercial land that is zoned UCOR, allowing for a range of commercial uses. It has tenant occupancy on a month-to-month basis.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$584k
Assessed land$440k
Assessed improvement$144k
Effective rate1.42%

Value estimate

· Sep 2026
$510k
$459k – $561k
AI approach$510k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$306/SF
County average, outlier-cleaned · 341 recorded sales of this use type
Observed band · Q1–Q3$154 – $475
Qualifying comparables8

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 Firm10.0
Daycare Center8.8
Grocery Store8.8

Location

16114 Pacific Ave S Spanaway, WA 98387
County assessor Recorded deeds · 2 transfers 8 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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