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

    3820 Freeman E Rd Fife, WA 98424-3618

    • Office properties & Spaces
    • 3,144 SF
    • 8.30 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    7.6%
    Office properties & Spaces
    Location Intelligence
    Property ID
    US90-0726179
    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

    • Office properties & Spaces

    Property Details for 3820 Freeman E Rd

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    8.30 lot acres
    Property size
    3,144 SF
    Zone code
    INDUSTRIAL
    Property type
    Office properties & Spaces
    APN
    420171064
    APU
    420171064

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $665,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $701,000
      Market price range: $163k - $701k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.322
    Latitude
    47.2224
    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
    $3
    $6,755,800
    $686,600
    $7,442,400
    -
    $6,755,800
    $686,600
    $7,442,400

    Comparable in this City

    • Value Estimation
      $1,355,000
      10,017 SF

      3077 20th E St, Unit 1

      OFFICE (GENERAL) • 10,017 SF
      3077 20th E St, Fife, WA 98424-1798
      View Details
    • Value Estimation
      $1,580,000
      9,040 SF

      2612 Pacific E Hwy

      OFFICE (GENERAL) • 9,040 SF
      2612 Pacific E Hwy, Tacoma, WA 98424-1045
      View Details
    • Value Estimation by Request
      2,340 SF

      1902 Goldau E Rd

      OFFICE (GENERAL) • 2,340 SF
      1902 Goldau E Rd, Fife, WA 98424-1827
      View Details
    • Value Estimation by Request
      1,200 SF

      1404 Willow E Rd

      OFFICE (GENERAL) • 1,200 SF
      1404 Willow E Rd, Fife, WA 98424-1247
      View Details
    • Value Estimation
      $1,390,000
      850 SF

      3401 12th E St

      OFFICE (GENERAL) • 850 SF
      3401 12th E St, Fife, WA 98424-1122
      View Details
    • Value Estimation
      $670,000
      3,377 SF

      4210 20th E St

      OFFICE (GENERAL) • 3,377 SF
      4210 20th E St, Tacoma, WA 98424-1823
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Fife Contractor Yard For Sale

      Fenced and secure contractor yard with office/shop in Fife.
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      Remodeled Office Suite in Fife

      Recently remodeled office suite with I-5 access and ample parking.
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    • $2,100,000

      Fife Village Apartments For Sale

      16-unit multifamily community in Fife, Washington.
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    • $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
      6,065 SF

      Fife Commercial Building with Parking

      Commercial building in Fife with ample parking and recent renovations.
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    • $8,946,125

      Fife Land For Sale

      8.22 acres of land in Fife, Washington.
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      View Details

    Similar Nearby for Lease

    • $3,444 /Mo
      2,296 SF

      Fife Freestanding Buildings For Lease

      Two buildings totaling 3,813 SF, flexible occupancy, convenient location.
      6205 20Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      6,820 SF

      Fife Office Space For Rent

      Office space with frontage and access to transportation routes.
      502 54Th Ave E, Fife, WA 98424
      View Details
    • $4,901 /Mo
      3,687 SF

      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
    • $14,889 /Mo
      8,121 SF

      Office Building with Plentiful Parking

      39,206 SF office building with great access and parking.
      6021 12Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      2,000 SF

      Fife Office Space For Rent

      Office space in Fife, close to I-5 and Port.
      5308 12Th St E, Fife, WA 98424
      View Details
    • Contact for pricing
      3,000 SF

      Fife Office Space For Rent

      3,000 square feet of office space available for lease.
      3601 20Th St E, Fife, WA 98424
      View Details
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    3820 Freeman E Rd
    Fife, WA 98424-3618
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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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