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    2400 70Th Ave E Fife, WA 98424
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    Property profile & analytics

    2400 70Th Ave E Fife, WA 98424

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    • Warehouses
    • 417,125 SF
    • 23.50 lot acres
    For Lease
    $46,285,000
    View Listing →
    Fife Warehouse Space Available For Lease
    $46,285,000
    60,650 SF

    Fife Warehouse Space Available

    60,650 SF warehouse space for lease in Fife, WA.

    2400 70th Ave E, Fife, WA
    View Listing
    Property ID
    US90-0605643
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2400 70Th Ave E

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    23.50 lot acres
    Property size
    417,125 SF
    Zone code
    INDUSTRIAL
    Property type
    Warehouses
    APN
    420074044
    APU
    420074044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.34
    Latitude
    47.2354
    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
    $525,341
    $20,255,300
    $35,022,700
    $55,278,000
    -
    $20,255,300
    $35,022,700
    $55,278,000

    Comparable in this City

    • Value Estimation
      $4,880,000
      38,400 SF

      2519 Pacific E Hwy

      WAREHOUSE, STORAGE • 38,400 SF
      2519 Pacific E Hwy, Tacoma, WA 98424-1047
      View Details
    • Value Estimation
      $4,010,000
      23,100 SF

      3901 Pacific E Hwy

      WAREHOUSE, STORAGE • 23,100 SF
      3901 Pacific E Hwy, Fife, WA 98424-1131
      View Details
    • Value Estimation
      $7,400,000
      63,550 SF

      7218 45th St E Ct

      WAREHOUSE, STORAGE • 63,550 SF
      7218 45th St E Ct, Fife, WA 98424-3809
      View Details
    • Value Estimation
      $19,930,000
      172,822 SF

      2105 70th E Ave

      WAREHOUSE, STORAGE • 172,822 SF
      2105 70th E Ave, Fife, WA 98424-1501
      View Details
    • Value Estimation
      $5,000,000
      27,840 SF

      2812 70th E Ave

      WAREHOUSE, STORAGE • 27,840 SF
      2812 70th E Ave, Fife, WA 98424-3604
      View Details
    • Value Estimation
      $1,470,000
      11,064 SF

      1017 54th E Ave

      WAREHOUSE, STORAGE • 11,064 SF
      1017 54th E Ave, Tacoma, WA 98424-2730
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,754 SF

      Fife Warehouse with I-5 Visibility

      Fife warehouse with I-5 visibility, floor drains, shop with yard.
      6407 20Th St E, Fife, WA 98424
      View Details
    • $1,200,000
      Pending

      Fife Warehouse and Residence

      Warehouse/Commercial property with residence on a nearly one-acre corner lot.
      6216 20Th St E, Fife, WA 98424
      View Details
    • $1,350,000

      Fife Contractor Yard For Sale

      Fenced and secure contractor yard with office/shop in Fife.
      4323 70Th Ave East, Fife, WA 98424
      View Details
    • $2,100,000

      Fife Village Apartments For Sale

      16-unit multifamily community in Fife, Washington.
      2102 62Nd Ave E, Fife, WA 98424
      View Details
    • $1,750,000
      6,065 SF

      Commercial Building with Ample Parking

      Commercial building featuring renovated interiors and substantial parking.
      5303 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing

      Mixed-Use Property with High Visibility

      Mixed-use property with high traffic, suitable for showroom/retail.
      6310 18Th St E, Fife, WA 98424
      View Details

    Similar Nearby for Lease

    • $5,452 /Mo
      4,543 SF

      Fife Flex Space Available

      Flex space with I-5 and Port of Tacoma access.
      4630 16Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      23,980 SF

      Fife Warehouse Space Available

      23,980 square foot warehouse space for lease in Fife.
      4101 Industry Dr East, Fife, WA 98424
      View Details
    • $14,400 /Mo
      8,750 SF

      Fife Warehouse Space Available

      8,750 SF warehouse space for lease in Fife, Washington.
      6426 18Th St E, Fife, WA 98424
      View Details
    • $0.72 SF/Yr
      255,070 SF

      Fife Commerce Center Industrial Facility

      Class A industrial facility with cross-loading dock doors and trailer parking.
      2511 70Th Ave E, Fife, WA 98424
      View Details
    • Contact for pricing
      37,827 SF

      Fife Warehouse with Office Space

      17,173 SF warehouse with 2,100 SF office space for rent.
      6752 20Th St East, Fife, WA 98424
      View Details
    • Contact for pricing
      28,530 SF

      Fife Warehouse Space Available

      28,530 SF warehouse in Fife with immediate freeway access.
      1400 Port Of Tacoma Rd, Fife, WA 98424
      View Details
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    Fife, WA 98424
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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.

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