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Property profile & analytics
OFF-MARKET Estimated value $1,615,000
Warehouses

20710 3rd E Ave Spanaway, WA 98387-8444

7,680 SF 1.95 ac lot Built 1979
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1291195
Property summary
AI-generated overview

This exceptional Spanaway commercial property, listed at $1,800,000, sits on a 1.95-acre lot at 20710 3rd Avenue E. The property currently generates substantial income through its diverse uses: a fabrication shop, contractor yard, and offices, supplemented by RV parking and storage rentals. Significant income growth potential exists by leasing the owner-occupied space. Security features include a secure electronic gate with individual access codes. The property boasts ample covered and uncovered storage space, allowing for expansion. Three-phase power is available. The property comprises three buildings: Building #1 features approximately 240' x 40' of space, including 160' of covered exterior bays, a 55' x 35' enclosed shop, and a second 25' x 35' enclosed workshop, both with 14' ceilings. Building #2 offers 40' x 12' of space plus three offices sharing a bathroom. Building #3 is a 36' x 12' portable building. Two additional 8' x 40' metal storage containers generate further rental income. This property presents a rare opportunity for a savvy investor seeking immediate returns and long-term growth potential.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction STEEL FRAME
Total area 7,680 SF
Lot 1.95 ac (84,942 SF)
Zoning code MSF
APN 318044089
UPID US90-1291195
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
$1.62M
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.62M
Owner & transaction history
20710 Spanaway LLC · 4 yrs held
20710 Spanaway LLC
since 2022
Last sale
$1.6M
4 recorded transactions
2022
$1.6M
2007
$425,000
2004
$300,000
1969
Price N/A
Zoning & alternative use
MSF · Spanaway, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.6M +11.4%
Retail stores $2.4M +2.6%
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