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Property profile & analytics
FOR LEASE
Auto shops

21621 Mountain Hwy E Spanaway, WA 98387

13,485 SF 3.46 ac lot Built 1972
Entity Owned Free & Clear
Property ID
US90-3055353
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,485 SF
Lot 3.46 ac (150,718 SF)
Zoning code CMUD
APN 318104043
UPID US90-3055353
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
$1.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$1.49M
Owner & transaction history
Hi Tech Mountain Way LLC
Hi Tech Mountain Way LLC
since 2025
Last sale
$1.5M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2019
$1.5M
2019
Price N/A
2015
$825,000
2013
Price N/A
2011
$1.5M
Zoning & alternative use
CMUD · Spanaway, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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