21621 Mountain Hwy E Spanaway, WA 98387
For Lease
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This exceptional Spanaway, WA property offers a unique blend of commercial and industrial space, ideal for a variety of businesses. Situated on a 3.46-acre lot (150,718 sq ft) with a large, level, graveled, and fully fenced yard, this property boasts ample space for contractor yards, tractor/trailer parking, or other outdoor storage needs. The main building, constructed in 1972 and renovated in 1994, comprises 13,485 square feet across two stories, divided into five suites. The property's versatile nature accommodates multiple tenants, making it suitable for a range of uses, including executive office space, creative office space, manufacturing, and traditional warehouse/distribution. Its convenient location on SR-7 provides easy access to amenities. Utilities such as water, sewer, and electricity are included in the rental cost. The property's APN is 0318104043, located in Pierce County. The property's excellent security features include very well-lit yard space. This is a rare opportunity to acquire a substantial property with a combination of indoor and outdoor space, perfectly suited for a business seeking both office and yard space. Prospective tenants are responsible for verifying all information independently.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMUD · Spanaway, WACosts & 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.