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Property profile & analytics
FOR LEASE
Warehouses
20623 34Th Ave E Spanaway, WA 98387
Entity Owned
~
Est. High Equity
Property ID
US90-1271846
For Lease
1 / 4
$645,000
20623 34Th Ave E, Spanaway, WA 98387
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Construction
POLE FRAME
Total area
2,904 SF
Lot
36.73 ac (1,599,959 SF)
Zoning code
EC
APN
318024710
UPID
US90-1271846
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
$765k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$645k
Owner & transaction history
Amazoncom Services LLC
Amazoncom Services LLC
since 2026
7 recorded transactions
Zoning & alternative use
EC · Spanaway, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+23.1%
Commercial (general)
$965,000
+11.4%
Retail stores
$890,000
+2.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$865,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$965,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +3% · Conversion: Moderate
MEDICAL BUILDING
$795,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$222 / SF
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
$1,179,570
Tax year 2024
Assessed value
$93,867,200
Assessed 2024
Previous assessed
$93,867,200
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$21,290,200
Assessed improvement
$72,577,000
Land market value
$21,290,200
Improvement market value
$72,577,000
Total market value
$93,867,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2021
Construction
POLE FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,904 SF
Lot
36.73 ac (1,599,959 SF)
Zoning code
EC
APN
318024710
UPID
US90-1271846
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Spanaway, WA
Zoning EC · permitted uses
EC · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$965,000
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$795,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Construction
POLE FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
36.73 ac
Current owner
From public records · entity-resolved
Amazoncom Services LLC
Entity
Mailing address
1 ASHLEY WAY, ARCADIA, WI 54612-1218
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
$431,793
Amazoncom Services LLC
Ashley Furniture Industries LLC
Warranty Deed
—
Jan 9, 2023
—
Pierce County
Ashley Furniture Industries LLC
Warranty Deed
—
Feb 8, 2022
—
Pierce County
Ashley Furniture Industries LLC
Warranty Deed
—
Nov 24, 2021
—
Pierce County
Ashley Furniture Industries LLC
Warranty Deed
—
Jul 24, 2019
$12,134,639
Ashley Furniture Inds INC
Sierra Pacific Industries
Grant Deed
—
Jul 13, 2018
$775,000
Sierra Pacific Industries
Timothy W Haggard
Grant Deed
—
Mar 13, 2015
—
Timothy W Haggard
Klaramaria Haggard
Intrafamily Transfer
related
$155,500 · Sound Community Bank
Aug 8, 2007
—
Haggard,klaramaria
Donald G Mathis
Warranty Deed
related
—
Jul 17, 2007
—
Haggard,klaramaria
Donald G Mathis
Warranty Deed
related
—
—
—
Timothy W Haggard
—
Deed Of Trust
related
$30,000 · Sound Cmnty Bk
—
—
Haggard,klaramaria
—
Deed Of Trust
related
$150,000 · Sound Cmnty Bk
—
—
Timothy W Haggard
—
Deed Of Trust
related
$30,000 · Boeing Emps Cu
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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