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    Property profile & analytics

    19804 Cyn E Rd Spanaway, WA 98387

    • Warehouses
    • 4,800 SF
    • 16.45 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1145455
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 19804 Cyn E Rd

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    16.45 lot acres
    Property size
    4,800 SF
    Zone code
    EC
    Property type
    Warehouses
    APN
    318011023
    APU
    318011023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $975,000
      6.5%
      $900,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,031,000
      Market price range: $181k - $1.03M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spanaway
    County
    Pierce
    State
    Washington
    Longitude
    -122.361
    Latitude
    47.0757
    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
    $128,983
    $11,815,900
    $219,900
    $12,035,800
    -
    $11,815,900
    $219,900
    $12,035,800

    Comparable in this City

    • Value Estimation
      $705,000
      33.82 Acres

      2917 200th E St

      WAREHOUSE, STORAGE • 33.82 Acres
      2917 200th E St, Spanaway, WA 98387-6605
      View Details
    • Value Estimation
      $780,000
      46.80 Acres

      3138 200th E St

      WAREHOUSE, STORAGE • 46.80 Acres
      3138 200th E St, Spanaway, WA 98387-6609
      View Details
    • Value Estimation
      $44,610,000
      477,120 SF

      3323 200th E St

      WAREHOUSE, STORAGE • 477,120 SF
      3323 200th E St, Spanaway, WA 98387-6604
      View Details
    • Value Estimation by Request
      4,540 SF

      21718 Mtn E Hwy

      WAREHOUSE, STORAGE • 4,540 SF
      21718 Mtn E Hwy, Spanaway, WA 98387-7542
      View Details
    • Value Estimation
      $735,000
      1,250 SF

      133 168th S St

      WAREHOUSE, STORAGE • 1,250 SF
      133 168th S St, Spanaway, WA 98387-8226
      View Details
    • Value Estimation
      $1,615,000
      7,680 SF

      20710 3rd E Ave

      WAREHOUSE, STORAGE • 7,680 SF
      20710 3rd E Ave, Spanaway, WA 98387-8444
      View Details

    Similar Nearby for Sale

    • $995,000

      Spanaway Commercial Land For Sale

      Commercial land for sale, tenant occupied, UCOR zoning.
      16114 Pacific Ave S, Spanaway, WA 98387
      View Details
    • $1,200,000

      Land in Developing Neighborhoods

      Land with development potential in an area of developing neighborhoods.
      20315 22Nd Ave 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
      View Details
    • Contact for pricing

      Spanaway Land Parcel For Sale

      Cleared, partially fenced land parcel in Spanaway, Washington.
      233 170Th St E, Spanaway, WA 98387
      View Details
    • $5,200,000

      Fully Leased Spanaway Office Buildings

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

    Similar Nearby for Lease

    • Contact for pricing
      1,110,154 SF

      Large Industrial Space Near I-5

      1,110,154 SF warehouse 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
    • $0.92 SF/Yr
      13,485 SF

      Mountain Highway E Commercial Property

      Spanaway Industrial Space: Office & Yard
      21621 Mountain Hwy, Spanaway, WA 98387
      View Details
    • $24 SF/Yr
      89,002 SF

      Spanaway Retail Center Opportunity

      High-traffic retail space, Spanaway, WA
      14918 Pacific Ave, Spanaway, WA 98387
      View Details
    • Contact for pricing
      2,234 SF

      Retail Space in Spanaway, WA

      Retail space available for lease in Spanaway, Washington.
      20220 Mountain Hwy E, Spanaway, WA 98387
      View Details
    • $13,382 /Mo
      8,921 SF

      Retail Space in Anchored Center

      Retail space available in high-volume Fred Meyer anchored center.
      22219 Mountain Hwy E, Spanaway, WA 98387
      View Details
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    19804 Cyn E Rd
    Spanaway, WA 98387
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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.

    More about this property
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