21006 Mountain Hwy, Spanaway, WA 98387
This exceptional industrial property, situated on a 2.36-acre lot at 21006, 21222 Mountain Hwy E, Spanaway, WA 98387 (APN: 0318101010, 0318101015), presents a compelling investment or owner-user opportunity. The property boasts approximately 20,600 square feet of warehouse space, currently configured as a lumber mill, featuring open-sided structures and a 600 square foot office. Built in 1972, the site benefits from a CE zoning designation, allowing for diverse uses including retail, office, industrial services, contractor yards, truck maintenance/parking, warehouses, and distribution centers. The property's strategic location on Mountain Highway East (SR 7), between the Spanaway Walmart and Bethel Station, ensures high visibility and convenient access. Priced at $1,800,000 ($87.38/sq ft), this property offers significant potential for a variety of businesses. Detailed zoning information is available upon request. This is a rare opportunity to acquire a well-located, versatile industrial property in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.