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    3421 70th E Ave Fife, WA 98424-3674
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    Property profile & analytics

    3421 70th E Ave, Fife, WA 98424-3674

    View on Map
    • Apartment buildings
    • 2,419 SF
    • 5.06 lot acres
    Off-Market
    Property ID
    US90-3048839
    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
    $800,000
    Show details
    Cap Rate Potential
    2.4%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3421 70th E Ave

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    5.06 lot acres
    Zone code
    COMMUNITY
    Property type
    Apartment buildings
    APN
    420172038
    APU
    420172038

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 17, 2019 — Ptarmigan Associates LLC — Correction Deed · related $18M · Newmark Knight Frank
    Dec 4, 2019 — Ptarmigan Associates LLC — Grant Deed · related $18M · Newmark Knight Frank
    Apr 3, 2006 — Ptarmigan Associates LLC — Deed Of Trust · related $13.9M · Column Financial INC
    Sep 28, 2004 — Ptarmigan Associates LLC — Deed Of Trust · related $11.1M · Evertrust Bank
    May 26, 2004 $730,618 Ptarmigan Associates LLC Anderson,thomas R & Juli V Grant Deed —
    May 26, 2004 $850,000 Ptarmigan Associates LLC Anderson,thomas R & Juli V Warranty Deed —
    Oct 8, 1998 — Juli V Anderson Anderson,juli V Quit Claim Deed · related $74k · Sunbelt National Mortgage Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $635,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,025,000
      Change: +61% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $895,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $730,000
      Change: +15% Conversion: Difficult
      WAREHOUSE, STORAGE
      $725,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $590,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.335
    Latitude
    47.2249
    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
    $144,870
    $3,590,700
    $12,274,400
    $15,865,100
    -
    $3,590,700
    $12,274,400
    $15,865,100

    Comparable in this City

    • Value Estimation
      $2,595,000
      17,216 SF

      3351 70th E Ave

      APARTMENT HOUSE (100+ UNITS)
      3351 70th E Ave, Fife, WA 98424-3701
      View Details
    • Value Estimation
      $1,040,000
      6,608 SF

      6643 20th E St, Unit 1

      APARTMENT HOUSE (100+ UNITS)
      6643 20th E St, Fife, WA 98424-2209
      View Details
    • Value Estimation by Request
      3,260 SF

      2320 62nd E Ave

      APARTMENT HOUSE (5+ UNITS)
      2320 62nd E Ave, Tacoma, WA 98424-3020
      View Details
    • Value Estimation by Request
      2,784 SF

      2330 62nd E Ave

      APARTMENT HOUSE (5+ UNITS)
      2330 62nd E Ave, Tacoma, WA 98424-3021
      View Details
    • Value Estimation by Request
      3,260 SF

      2340 62nd E Ave

      APARTMENT HOUSE (5+ UNITS)
      2340 62nd E Ave, Tacoma, WA 98424-3022
      View Details
    • Value Estimation
      $1,105,000
      1,742 SF

      10423 112th SW St

      APARTMENT HOUSE (5+ UNITS)
      10423 112th SW St, Fife, WA 98424
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Fife Village Apartments For Sale

      16-unit multifamily community in Fife, Washington.
      2102 62Nd Ave E, Fife, WA 98424
      View Details
    • $7,950,000

      Renovated 42-Unit Apartment Complex

      Newly renovated 42-unit apartment complex in Fife, Washington.
      5610 23Rd St 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
    • $1,350,000

      Fife Contractor Yard For Sale

      Office/Shop and Contractor yard in Fife with immediate access.
      4323 70Th Ave East, Fife, WA 98424
      View Details
    • 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
    • Contact for pricing
      6,065 SF

      Fife Commercial Building with Parking

      Commercial building in Fife with ample parking and recent renovations.
      5303 Pacific Hwy E, Fife, WA 98424
      View Details

    Similar Nearby for Lease

    • $6,179 /Mo
      4,753 SF

      Fife Flex Space Available

      Flex space with loading doors and convenient location.
      4630 16Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      23,859 SF

      Fife Warehouse Space Available

      23,859 SF warehouse space for lease in Fife.
      4200C Industry Dr East, Fife, WA 98424
      View Details
    • Contact for pricing
      4,543 SF

      Fife Warehouse with Grade Doors

      2,402 SF warehouse space with excellent I-5 access.
      4630 16Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      9,800 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
    • Contact for pricing
      1,575 SF

      Fife Warehouse Space Available

      1575 SF warehouse space for lease in Fife, Washington.
      4706 20Th St East, Fife, WA 98424
      View Details
    • Contact for pricing
      30,000 SF

      Fife Warehouse Space Available

      23,859 SF warehouse space for rent in Fife, Washington.
      4200 Industry Dr East, Fife, WA 98424
      View Details
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    Fife, WA 98424-3674
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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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