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Property profile & analytics
FOR SALE
Strip malls
22306 Mountain Hwy E Spanaway, WA 98387
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1665365
No photos on file
For Sale
$965,000
22306 Mountain Hwy E, Spanaway, WA 98387
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD FRAME
Total area
4,821 SF
Lot
0.5 ac (21,780 SF)
Zoning code
MUD
APN
318117001
UPID
US90-1665365
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
$980k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Two Cc Properties LLC · 4 yrs held
Two Cc Properties LLC
since 2021
Last sale
$940,000
7 recorded transactions
Zoning & alternative use
MUD · Spanaway, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,045,000
ML approach
$980,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $940k (Sep 3 2021)
Last sale anchor
$940k
Sep 3 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11,310
Tax year 2024
Assessed value
$844,600
Assessed 2024
Previous assessed
$844,600
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$393,700
Assessed improvement
$450,900
Land market value
$393,700
Improvement market value
$450,900
Total market value
$844,600
Applied tax rate
591.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,821 SF
Lot
0.5 ac (21,780 SF)
Zoning code
MUD
APN
318117001
UPID
US90-1665365
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Spanaway, WAZoning MUD · permitted uses
MUD · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Two Cc Properties LLC
Entity
Mailing address
PO BOX 2525, OLYMPIA, WA 98507-2525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
Two Cc Properties LLC
—
Deed
related
$420,000 · Sound Cu
Sep 3, 2021
$940,000
Two Cc Properties LLC
Thi T Nguyen
Warranty Deed
$752,000 · Homestreet Bank
Feb 15, 2019
—
Thi T Nguyen
—
Deed
related
$561,000 · First Citizens Bank & Trust Co
Aug 9, 2012
$227,000
Thi T Bui
Van Nguyen,dung
Warranty Deed
—
May 25, 2012
—
Dung V Nguyen
—
Trustees Deed
related
$24,000 · Thi T Nguyen
Jun 22, 2006
$250,000
Dung V Nguyen
Span-a-park Eagles 3563
Warranty Deed
—
—
—
Span-a-park
—
Deed Of Trust
related
$57,800 · Westside Community Bank
—
—
Span-a-park
—
Deed Of Trust
related
$192,157 · Westside Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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