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    Property profile & analytics

    21806 103rd Ave E Ct Graham, WA 98338-8115

    • Office Properties & Spaces
    • 9,952 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0634991
    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

    • Office Properties & Spaces

    Property Details for 21806 103rd Ave E Ct

    Year built
    1988
    Construction
    WOOD FRAME
    Lot size
    1.00 lot acres
    Property size
    9,952 SF
    Zone code
    R10
    Property type
    Office Properties & Spaces
    APN
    418107007
    APU
    418107007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,970,000
      6.5%
      $1,820,000
      7%
      $1,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,115,000
      Market price range: $1.71M - $6.14M
      AI Estimate
      $1,222,000
      Market price range: $881k - $2.80M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Pierce
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.0583
    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
    $24,256
    $439,000
    $1,509,900
    $1,948,900
    -
    $439,000
    $1,509,900
    $1,948,900

    Comparable in this City

    • Value Estimation by Request
      1,068 SF

      22705 Meridian E

      OFFICE (GENERAL) • 1,068 SF
      22705 Meridian E, Graham, WA 98338-7098
      View Details
    • Value Estimation by Request
      1,975 SF

      21918 Meridian E, Unit 5

      OFFICE (GENERAL) • 1,975 SF
      21918 Meridian E, Graham, WA 98338-8421
      View Details
    • Value Estimation by Request
      2,832 SF

      3708 14th St SW Pl

      OFFICE (GENERAL) • 2,832 SF
      3708 14th St SW Pl, Graham, WA 98338
      View Details
    • Value Estimation
      $2,360,000
      12,376 SF

      10102 224th E St

      OFFICE (GENERAL) • 12,376 SF
      10102 224th E St, Graham, WA 98338-4000
      View Details
    • Value Estimation by Request
      540 SF

      14814 Kapowsin E Hwy

      OFFICE (GENERAL) • 540 SF
      14814 Kapowsin E Hwy, Graham, WA 98338
      View Details
    • Value Estimation by Request
      1,250 SF

      30316 Mtn E Hwy

      OFFICE (GENERAL) • 1,250 SF
      30316 Mtn E Hwy, Graham, WA 98338-9640
      View Details

    Similar Nearby for Sale

    • $3,967,444

      8.28 Acres in Graham, WA

      8.28 acre parcel in a Rural Activity Center.
      23108 Meridian Ave E, Graham, WA 98338
      View Details
    • $1,400,000
      110,207 SF

      Development Opportunity with Approved Short Plat

      2.53 acres approved for 9 lots, includes existing rental home.
      13311 200Th St E Graham, Graham, WA 98338
      View Details
    • $1,012,300
      1.16 Acres

      Graham Commercial Land - Prime Location

      1.16 Acres, R-10 Zoning, High Traffic Area
      22006 Meridian Ave, Graham, WA 98338
      View Details
    • $1,900,000

      Fenced Contractor Yard with Buildings

      Large fenced yard with office and multiple shop buildings.
      10412 244Th St E, Graham, WA 98338
      View Details
    • $150,000

      View Property in The Country

      Land with views, ideal for building a dream home.
      23105 165Th Ave, Graham, WA 98338
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    • $399,500

      Graham Land For Sale

      Prime land with high traffic exposure and development potential.
      22010 Meridian Ave E, Graham, WA 98338
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    Similar Nearby for Lease

    • $20 SF/Yr
      5,597 SF

      Seddon Plaza: Graham Office Space

      Prime Graham Office Suites Available
      10305 196Th Street Ct, Graham, WA 98338
      View Details
    • $15 SF/Yr
      1,000 SF

      Office Space in Graham

      Office space for rent with tenant improvement allowance.
      21110 Meridian Ave E, Graham, WA 98338
      View Details
    • $20 SF/Yr
      2,617 SF

      Retail Space in Graham, WA

      Retail space available for lease in Graham, Washington.
      9807-9915 224Th St E, Graham, WA 98338
      View Details
    • $1,600 /Mo
      1,000 SF

      Retail Space For Rent

      Retail space available in a great location.
      10118 224Th St E, Graham, WA 98338
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Space in High-Growth Area

      Retail space with high visibility and ample parking available for rent.
      9909 224Th Street Ct East, Graham, WA 98338
      View Details
    • Contact for pricing
      30,899 SF

      Land for Lease in Graham

      Land available for lease in Graham, Washington.
      9927 224Th St E, Graham, WA 98338
      View Details
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    21806 103rd Ave E Ct
    Graham, WA 98338-8115
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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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