Financial
Distress signals
Property profile

1702 Commercial St Steilacoom, WA 98388

FOR LEASE
Other office properties
Property ID
US90-3257770
4,592 SF 0.24 ac lot Built 1979
Last sale Aug 2006 · $825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 2,500-square-foot office suite is configured with ten private offices, two conference rooms, and a private courtyard, and includes a reception area, restrooms, copy/file space, and a kitchenette on each floor. The layout supports common indoor and outdoor areas, and the suite is located on a property that provides 180-degree views of the South Puget Sound. The office includes data services and is equipped with HVAC and sprinkler systems, with ADA-compliant accessibility on the first floor.

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?
$11k
Tax billed · 2024
Assessed value$1.27M
Assessed land$537k
Assessed improvement$730k
Effective rate0.86%

Value estimate

· Sep 2026
$1.00M
$900k – $1.10M
CAP approach$840k
Sales comparison$918k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$8k
Operating expenses−$12k
NOI · 136,196.15% cap applied$35k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$333/SF
County average, outlier-cleaned · 508 recorded sales of this use type
Observed band · Q1–Q3$172 – $617
Qualifying comparables7

Cap rate analysis

How does the asset earn?
136,196.15%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
COMMERCIAL
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 Firm17.7
Dental Office16.8
Realty agency15.6

Location

1702 Commercial St Steilacoom, WA 98388
County assessor Recorded deeds · 7 transfers 7 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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