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    Property profile & analytics

    20620 8th E Ave Gig Harbor, WA 98335

    • Warehouses
    • 5,000 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimation
    $12,170,000
    Last Sale
    Nov 30, 2021
    $11,260,000
    Location Intelligence
    Property ID
    US90-1048199
    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 20620 8th E Ave

    Year built
    1992
    Construction
    WOOD FRAME
    Lot size
    2.40 lot acres
    Property size
    5,000 SF
    Zone code
    MSF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    318044095
    APU
    318044095

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $11,115,000
      6.5%
      $10,745,000
      7%
      $12,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,755,000
      Geo Method
      $9,580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,385,000
      Retail
      $14,060,000
      Mixed-Use
      $11,045,000
      Hospitality
      $12,230,000
      Educational
      $10,675,000
      Residential Income
      $12,415,000
      Energy
      $11,025,000
      Income-Based Land
      $14,115,000
      Food Service
      $13,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.422
    Latitude
    47.0686
    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
    $44,933
    $855,400
    $2,427,300
    $3,282,700
    -
    $855,400
    $2,427,300
    $3,282,700

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      2005 34th NW Ave

      MINI-WAREHOUSE, STORAGE • 2,016 SF
      2005 34th NW Ave, Gig Harbor, WA 98335
      View Details
    • Value Estimation by Request
      25,550 SF

      3711 Hunt St

      MINI-WAREHOUSE, STORAGE • 25,550 SF
      3711 Hunt St, Gig Harbor, WA 98335-8228
      View Details
    • Value Estimation by Request
      1,884 SF

      4502 Rosedale St

      MINI-WAREHOUSE, STORAGE • 1,884 SF
      4502 Rosedale St, Gig Harbor, WA 98335-1838
      View Details
    • Value Estimation by Request
      7,200 SF

      2112 36th NW St

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      2112 36th NW St, Gig Harbor, WA 98335-7908
      View Details
    • Value Estimation by Request
      7,680 SF

      7701 40th St NW Ct

      MINI-WAREHOUSE, STORAGE • 7,680 SF
      7701 40th St NW Ct, Gig Harbor, WA 98335
      View Details
    • Value Estimation
      $195,000
      3,260 SF

      2105 34th NW Ave

      MINI-WAREHOUSE, STORAGE • 3,260 SF
      2105 34th NW Ave, Gig Harbor, WA 98335-7728
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      196 SF

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      Versatile Gig Harbor commercial property.
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      Gig Harbor Flex/Industrial Space

      Flex/industrial space available for lease in Gig Harbor, WA.
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    • $22 SF/Yr
      3,223 SF

      Gig Harbor Office Suites Available

      Class A Office Space, Hwy 16 Access
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      View Details
    • $17 SF/Yr
      10,552 SF

      Soundview Drive Medical Office Space

      Prime Medical Office Suites Available in Tacoma
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    • $44 SF/Yr
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      Gig Harbor Retail Center Opportunity

      Prime Gig Harbor location, 3,944 sq ft available.
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    • $25 SF/Yr
      4,211 SF

      Move-In Ready Professional Office Space

      Professional office space available for rent in Gig Harbor, WA.
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      View Details
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    20620 8th E Ave
    Gig Harbor, WA 98335
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    Realmo Value Estimation

    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.

    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.

    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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