Financial
Distress signals
Property profile

22306 Mountain Hwy E Spanaway, WA 98387

FOR SALE
Strip malls
Property ID
US90-1665365
4,821 SF 0.5 ac lot Built 2007
Last sale Sep 2021 · $940,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Mountain Highway Medical Center is a medical office facility totaling 4,821 square feet, constructed in 2007. The building is configured with multiple suites, currently occupied by Tranquility Dental Wellness in suites 100, 200, and 300, for a combined 3,621 square feet. A remaining 1,200-square-foot suite is configured in warm shell condition, with the restroom already built out. The center is located directly across from the Fred Meyer Center, in an area with nearby retail amenities. The

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$845k
Assessed land$394k
Assessed improvement$451k
Effective rate1.34%

Value estimate

· Sep 2026
$1.05M
$941k – $1.15M
AI approach$980k
CAP approach$740k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$19k
Operating expenses−$46k
NOI · 7.08% cap applied$68k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$426/SF
County average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$204 – $702

Cap rate analysis

How does the asset earn?
7.08%
$68k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MUD
It is intended to include areas that are concentrations of commercial, office, and multi family developments located along major arterial...
General categoryMIXED_USE
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop8.2
Hair Salon7.7
Gym & Fitness7.1

Location

22306 Mountain Hwy E Spanaway, WA 98387
County assessor Recorded deeds · 8 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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