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Financial
Distress signals
Property profile

2511 70Th Ave E Fife, WA 98424

FOR LEASE
Other warehouses
Property ID
US90-0847683
452,600 SF 18.54 ac lot Built 2006
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2511 70Th Ave E, Fife, WA 98424 For Lease
Contact for pricing 255,070 SF available
2511 70Th Ave E, Fife, WA 98424
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Property summary

AI-generated overview

Fife Commerce Center is a Class A industrial warehouse facility with approximately 255,070 square feet of building area. The warehouse features a 30-foot clear height at the first column and is served by an ESFR fire suppression system. Loading is supported by a cross-loading dock door configuration with 72 dock doors and 19 pit levelers, along with dock door packages. The site provides trailer parking and includes 48 trailer spots, as well as 23 auto parking spaces. Electrical service is rated at 800 Amps at 277/480.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$542k
Tax billed · 2024
Assessed value$59.00M
Assessed land$16.73M
Assessed improvement$42.28M
Effective rate0.92%

Value estimate

· Oct 2026
$49.76M
$44.78M – $54.74M
NOI build-up
Gross scheduled income$3.98M
Vacancy & credit loss−$314k
Operating expenses−$1.10M
NOI · 356,294,583.33% cap applied$2.57M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 141 recorded sales of this use type
Observed band · Q1–Q3$150 – $628

Cap rate analysis

How does the asset earn?
356,294,583.33%
$2.57M estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant15.3
Law Firm12.8
Realty agency12.7

Location

2511 70Th Ave E Fife, WA 98424
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

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

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7450 26th E, Fife, WA 98424-3936 $40,200,000 Feb 2026 225,800 SF
403 Levee E, Tacoma, WA 98424 $627,500 Dec 2025 71,300 SF
507 Levee E, Tacoma, WA 98424 $18,250,000 Feb 2025 109,564 SF
6501 26th E, Fife, WA 98424-3648 $295,700 Mar 2024 234,000 SF
2925 70th E, Fife, WA 98424-3607 $22,750,000 Jun 2023 100,614 SF
3110 70th E, Fife, WA 98424-3608 $16,048,300 May 2019 103,240 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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