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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2925 70th E Ave Fife, WA 98424-3607

    • Warehouses
    • 100,614 SF
    • 5.34 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2023
    $22,750,000
    Value Estimations
    $21,625,000
    Show details
    Cap Rate Potential
    6.9%
    Warehouses
    Location Intelligence
    Property ID
    US90-2694651
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2925 70th E Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.34 lot acres
    Property size
    100,614 SF
    Property type
    Warehouses
    APN
    420087017
    APU
    420087017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $19,080,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $21,800,000
      6.5%
      $20,125,000
      7%
      $18,685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,424,000
      Market price range: $15.1M - $63.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $30,145,000
      Current use
      RETAIL STORES
      $30,385,000
      Change: +1% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $26,480,000
      Change: -12% Conversion: Difficult
      MEDICAL BUILDING
      $24,620,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.335
    Latitude
    47.2303
    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
    $131,218
    $4,710,400
    $9,571,900
    $14,282,300
    -
    $4,710,400
    $9,571,900
    $14,282,300

    Comparable in this City

    • Value Estimation
      $49,760,000
      452,600 SF

      2511 70th E Ave

      WAREHOUSE, STORAGE • 452,600 SF
      2511 70th E Ave, Fife, WA 98424-3691
      View Details
    • Value Estimation
      $34,160,000
      346,350 SF

      2205 70th Ave Ea

      WAREHOUSE, STORAGE • 346,350 SF
      2205 70th Ave Ea, Fife, WA 98424-3690
      View Details
    • Value Estimation
      $17,905,000
      159,400 SF

      3985 70th E Ave

      WAREHOUSE, STORAGE • 159,400 SF
      3985 70th E Ave, Fife, WA 98424-3799
      View Details
    • Value Estimation
      $9,235,000
      79,284 SF

      7217 45th St E Ct

      WAREHOUSE, STORAGE • 79,284 SF
      7217 45th St E Ct, Fife, WA 98424-3449
      View Details
    • Value Estimation
      $6,800,000
      37,380 SF

      2150 48th Ave E Ct

      WAREHOUSE, STORAGE • 37,380 SF
      2150 48th Ave E Ct, Fife, WA 98424-2660
      View Details
    • Value Estimation by Request
      2,800 SF

      2820 54th E Ave

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      2820 54th E Ave, Fife, WA 98424-2140
      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
    • $1,100,000
      33,106 SF

      Fife Land with Shop Structure

      33,106 SF site with shop, zoned City Center North.
      6214 16Th St E, Fife, WA 98424
      View Details
    • Contact for pricing

      Remodeled Office Suite in Fife

      Recently remodeled office suite with I-5 access and ample parking.
      3077 20Th St E, Fife, WA 98424
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      83,420 SF

      Fife Warehouse Space Available

      83,420 square foot warehouse space for lease in Fife.
      2507 Frank Albert Rd E, Fife, WA 98424
      View Details
    • $183,650
      255,070 SF

      Class A 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
      10,912 SF

      Fife Warehouse Space Available

      52,039 SF warehouse/industrial space for lease in Fife, WA.
      4918 20Th St E, Fife, WA 98424
      View Details
    • $193,347
      251,100 SF

      Warehouse and Office Space Available

      Warehouse and office space for lease with below market rates.
      6546 20Th St E, Fife, WA 98424
      View Details
    • $4,845 /Mo
      4,213 SF

      Fife Flex Space Available

      4,213 SF flex space with office and warehouse components.
      2523 Pacific Hwy E, Fife, WA 98424
      View Details
    • $9,721 /Mo
      8,453 SF

      Industrial Space Available For Lease

      8,453 SF industrial space available for lease August 1st, 2025.
      7214 26Th St E, Fife, WA 98424
      View Details
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    2925 70th E Ave
    Fife, WA 98424-3607
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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.

    More about this property
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