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Property profile & analytics
OFF-MARKET
Office Spaces
19916 Mtn E Hwy Spanaway, WA 98387-8411
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0990483
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1951
Construction
WOOD FRAME
Total area
1,381 SF
Lot
0.93 ac (40,590 SF)
Zoning code
CE
APN
318041122
UPID
US90-0990483
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
Thomas Swenson · 20 yrs held
Thomas Swenson
since 2006
5 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
$11,295
Tax year 2024
Assessed value
$830,200
Assessed 2024
Previous assessed
$830,200
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$462,900
Assessed improvement
$367,300
Land market value
$462,900
Improvement market value
$367,300
Total market value
$830,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
3
Stories
1
Units
1
Bathrooms
3
Total area
1,381 SF
Lot
0.93 ac (40,590 SF)
Zoning code
CE
APN
318041122
UPID
US90-0990483
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WA
Zoning CE · permitted uses
CE · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spanaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
1
Buildings
3
Units
1
Bathrooms
3
Lot
0.93 ac
Current owner
From public records · entity-resolved
Thomas Swenson
Individual
Mailing address
PO BOX 4253, SPANAWAY, WA 98387-4016
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2006
$350,000
Thomas Swenson
Nancy Lee Fellows
Warranty Deed
$280,000 · The Mortgage Store Financial INC
Jun 26, 1998
—
Nancy L Fellows
Wadsworth,patrick K
Quit Claim Deed
related
—
Dec 4, 1997
—
Patrick K Wadsworth
Fellows,nancy L
Quit Claim Deed
related
—
Jul 1, 1994
—
Nancy L Bridges
Wadsworth,caroli
Quit Claim Deed
related
—
—
—
Nancy L Fellows
—
Deed Of Trust
related
$112,000 · First Hand Mortgage INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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