Financial
Distress signals
Property profile

20623 34Th Ave E Spanaway, WA 98387

FOR LEASE
Other warehouses
Property ID
US90-1271846
2,904 SF 36.73 ac lot Built 2021
Last sale Apr 2026 · $431,793
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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20623 34Th Ave E, Spanaway, WA 98387 For Lease
$645,000 1,110,154 SF available
20623 34Th Ave E, Spanaway, WA 98387
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Property summary

AI-generated overview

This industrial facility provides 1,110,154 square feet of space and features concrete tilt construction with a reinforced slab. The building is served by three-phase power and includes ESFR fire protection, with a 40-foot clear height. Dock packages are installed on all doors, including shelters, bumpers, and mechanical levelers, and the site includes trailer parking. The property offers access to I-5 and is located near SR-512, and it supports configurations that can include build-to-suit office space.

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?
$1.18M
Tax billed · 2024
Assessed value$93.87M
Assessed land$21.29M
Assessed improvement$72.58M
Effective rate1.26%

Value estimate

· Sep 2026
$645k
$581k – $710k
AI approach$765k
CAP approach$545k
Sales comparison$624k

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

Recently sold

What actually traded nearby?
$298/SF
County average, outlier-cleaned · 261 recorded sales of this use type
Observed band · Q1–Q3$138 – $610
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
EC
Concentration of low to high intensity office parks, manufacturing, other industrial development, or a combination of activities.
General categoryINDUSTRIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency7.5
Auto Repair Shop8.9
Food Market7.1

Location

20623 34Th Ave E Spanaway, WA 98387
County assessor Recorded deeds · 12 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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