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Property profile & analytics
OFF-MARKET
Estimated value
$26,115,000
Flex space
3011 70th Ave Ea, Fife, WA 98424-3609
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0650289
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
318,800 SF
Lot
18.73 ac (815,879 SF)
Zoning code
INDUSTRIAL
APN
420083034
UPID
US90-0650289
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
by Request
Comparable Approach
Comparable
$34.21M
Blend (final)
Blend
$26.12M
Owner & transaction history
Centerpoint,proeprties Trust · 11 yrs held
Centerpoint,proeprties Trust
since 2015
7 recorded transactions
Zoning & alternative use
INDUSTRIAL · Fife, 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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.12M
Range $23.50M – $28.73M · ±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
$82 / 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
$268,966
Tax year 2024
Assessed value
$29,455,100
Assessed 2024
Previous assessed
$29,455,100
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$16,544,200
Assessed improvement
$12,910,900
Land market value
$16,544,200
Improvement market value
$12,910,900
Total market value
$29,455,100
Applied tax rate
67.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
CENTRAL
Stories
1
Units
1
Total area
318,800 SF
Lot
18.73 ac (815,879 SF)
Zoning code
INDUSTRIAL
APN
420083034
UPID
US90-0650289
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL · Fife, WA
Zoning INDUSTRIAL · permitted uses
INDUSTRIAL · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
18.73 ac
Current owner
From public records · entity-resolved
Centerpoint,proeprties Trust
Trust
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2015
$26,353,618
Centerpoint,proeprties Trust
Noll Of Norwesco LLC
Grant Deed
—
Oct 14, 2011
—
Noll Of Norwesco LLC
—
Deed Of Trust
related
$285,000,000 · Key Bank NA
Aug 5, 2009
—
Noll Of Norwesco LLC
—
Deed Of Trust
related
$258,730,000 · Key Bank NA
Jan 29, 2009
$14,900
City Of Fife
Noll Of Norwesco LLC
Warranty Deed
—
Jan 29, 2009
$149,300
City Of Fife
Noll Of Norwesco LLC
Warranty Deed
—
Apr 27, 2007
$17,384,800
Noll Acquisition LLC
Noll Manufacturing
Grant Deed
—
Aug 29, 2005
—
Noll Manufacturing Co
—
Deed Of Trust
related
$24,000,000 · Union Bank Of California
Jul 20, 2004
—
Noll Manufacturing Co
—
Deed Of Trust
related
$24,785,000 · Bank Of America
May 5, 1994
—
Fife City
Northwest Metal
Grant Deed
related
—
—
—
Noll Manufacturing Co
—
Deed Of Trust
related
$10,500,000 · Union Bank Of California
—
—
Noll Manufacturing Co
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Noll Manufacturing Co
—
Deed Of Trust
related
$12,785,000 · Bank Of America
—
—
Noll Manufacturing Co
—
Deed Of Trust
related
$10,000,000 · Us 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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