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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21301 State Rte 410th E Bonney Lake, WA 98391-8468

    • Outlet malls
    • 41,506 SF
    • 5.38 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2021
    Value Estimations
    $5,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1560138
    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

    • Outlet malls

    Property Details for 21301 State Rte 410th E

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.38 lot acres
    Property size
    41,506 SF
    Zone code
    C2
    Property type
    Outlet malls
    APN
    519035003
    APU
    519035003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,995,000
      6.5%
      $5,535,000
      7%
      $5,140,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,768,000
      Market price range: $1.40M - $7.24M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bonney Lake
    County
    Pierce
    State
    Washington
    Longitude
    -122.145
    Latitude
    47.1665
    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
    $95,254
    $4,628,400
    $4,969,200
    $9,597,600
    -
    $4,628,400
    $4,969,200
    $9,597,600

    Comparable in this City

    • Value Estimation
      $16,555,000
      151,333 SF

      9801 204th E Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 151,333 SF
      9801 204th E Ave, Sumner, WA 98391-6559
      View Details
    • Value Estimation
      $13,250,000
      121,842 SF

      9400 192nd E Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 121,842 SF
      9400 192nd E Ave, Bonney Lake, WA 98391-8564
      View Details
    • Value Estimation
      $6,985,000
      62,677 SF

      20901 State Rte 410th E

      WHOLESALE OUTLET, DISCOUNT STORE • 62,677 SF
      20901 State Rte 410th E, Sumner, WA 98391-6377
      View Details
    • Value Estimation
      $5,985,000
      55,252 SF

      6130 12th E St

      WHOLESALE OUTLET, DISCOUNT STORE • 55,252 SF
      6130 12th E St, Bonney Lake, WA 98391
      View Details
    • Value Estimation
      $9,520,000
      55,347 SF

      20025 State Rte 410th E

      WHOLESALE OUTLET, DISCOUNT STORE • 55,347 SF
      20025 State Rte 410th E, Sumner, WA 98391-8460
      View Details
    • Value Estimation
      $6,115,000
      54,642 SF

      19205 State Rte 410th E

      WHOLESALE OUTLET, DISCOUNT STORE • 54,642 SF
      19205 State Rte 410th E, Bonney Lake, WA 98391-6305
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Versatile Mixed-Use Bonney Lake Property

      Mixed-use property in downtown Bonney Lake with office, retail, industrial potential.
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      Les Schwab in Bonney Lake

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      2.7-Acre C3-Zoned Commercial Lot

      Development-ready site with approved plans in high-traffic commercial corridor.
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      Prime 1.35-acre development site
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    Similar Nearby for Lease

    • Contact for pricing
      5,160 SF

      Bonney Lake Retail Space Available

      Retail space available for lease in Bonney Lake, WA.
      9903 205Th Ave E, Bonney Lake, WA 98391
      View Details
    • $36 SF/Yr
      1,566 SF

      Retail Space in Bonney Lake

      End-cap retail space in a high-traffic Bonney Lake location.
      9805-9807 214Th Ave E, Bonney Lake, WA 98391
      View Details
    • $27 SF/Yr
      1,200 SF

      Retail Space in Bonney Lake

      Retail shop space with prominent highway visibility in Bonney Lake.
      9301 192Nd Ave E, Bonney Lake, WA 98391
      View Details
    • $2,600 /Mo
      1,191 SF

      Move-in Ready Duplex Unit

      Well-maintained duplex with new flooring, fireplace, and fenced yard.
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      View Details
    • Contact for pricing
      216,243 SF

      Bonney Lake Industrial Project

      Class A industrial project in Bonney Lake, available Q2 2025.
      14621-14719 170Th Ave E, Bonney Lake, WA 98391
      View Details
    • Contact for pricing
      216,243 SF

      Tall Firs Industrial Park: Bonney Lake

      Class A Flex/Warehouse Space Available
      14621 170Th Ave, Bonney Lake, WA 98391
      View Details
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    Bonney Lake, WA 98391-8468
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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