Back to Search
Property profile & analytics
FOR LEASE
Warehouses
28002 State Route 410 E Buckley, WA 98321
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-2542202
No photos on file
For Lease
$4,336/Mo
28002 State Route 410 E, Buckley, WA 98321
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
10,300 SF
Lot
7.94 ac (345,866 SF)
Zoning code
GC
APN
5665000320
UPID
US90-2542202
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
by Request
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.28M
Owner & transaction history
Pacific Storage Partners LLC · 7 yrs held
Pacific Storage Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Buckley, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Purpose Statement. The LI zone is intended to be compatible with the GC zone, have easy access from arterials, have business uses that by their nature have a higher level of noise and/or possible use of hazardous materials, and include industrial uses, the most intense commercial uses, and light manufacturing, such as metal working. This zone is not conduciv…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
71.40 ac
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 Buckley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buckley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10%
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
$124 / 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
$168,033
Tax year 2024
Assessed value
$18,411,600
Assessed 2024
Previous assessed
$18,411,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,330,900
Assessed improvement
$16,080,700
Land market value
$2,330,900
Improvement market value
$16,080,700
Total market value
$18,411,600
Applied tax rate
45.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2021
Heating
HEAT PUMP
Buildings
6
Stories
1
Total area
10,300 SF
Lot
7.94 ac (345,866 SF)
Zoning code
GC
APN
5665000320
UPID
US90-2542202
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Buckley, WAZoning GC · permitted uses
GC · Buckley, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Purpose Statement. The LI zone is intended to be compatible with the GC zone, have easy access from arterials, have business uses that by their nature have a higher level of noise and/or possible use of hazardous materials, and include industrial uses, the most intense commercial uses, and light manufacturing, such as metal working. This zone is not conducive to residential development. (2) Performance Standards. (a) Basic minimum lot size shall be 6,000 square feet. (b) Minimum lot width shall be 60 feet and depth shall be 100 feet. (c) Maximum lot coverage shall be 80 percent. (d) Minimum yard requirements shall be as follows: (i) Front: 25 feet; (ii) Sides: 10 feet; (iii) Rear: 20 feet. (3) Off-street parking requirements shall be per Chapter 19.28 BMC. (4) Standards for street and utility construction shall be as specified under Chapter 17.08 BMC. (5) Properties directly accessing from SR 410 and within 150 feet of the right-of-way shall contain only uses in accordance with the use table in BMC § 19.20.130 . ( Ord. 14-17
Zone name
General Commercial
General category
COMMERCIAL
Zone area
71.40 ac
Building & site characteristics
From public records
Year built
2021
Heating
HEAT PUMP
Stories
1
Buildings
6
Lot
7.94 ac
Current owner
From public records · entity-resolved
Pacific Storage Partners LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 73790, PUYALLUP, WA 98373-0790
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Pacific Storage Partners LLC
—
Deed
related
$9,144,817 · Coastal Community Bank
Jul 23, 2020
—
Pacific Storage Partners LLC
—
Deed
related
$294,834 · City Of Buckley
Feb 7, 2019
$800,000
Pacific Storage Partners LLC
Hill,steve M
Warranty Deed
—
Aug 18, 2010
—
Steve M Hill
Kelley,michael B & Bonnie J
Warranty Deed
—
Oct 13, 2008
$50,000
Steve M Hill
Haworth,wallace R & Chris
Grant Deed
$50,000 · Wallace R Haworth
Aug 14, 2007
$525,000
Steve M Hill
Kelley,michael B & Bonnie J
Grant Deed
—
—
—
Michael B Kelley
—
Deed Of Trust
related
$77,000 · Key Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
