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Property profile & analytics
FOR LEASE
Warehouses
4918 20Th St E, Fife, WA 98424
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0952323
For Lease
$12,485,000
4918 20Th St E, Fife, WA 98424
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
112,064 SF
Lot
2.72 ac (118,483 SF)
Zoning code
INDUSTRIAL
APN
320125010
UPID
US90-0952323
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
by Request
Blend (final)
Blend
$12.49M
Owner & transaction history
D & S Family LLC · 16 yrs held
D & S Family LLC
since 2009
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$140,311
Tax year 2024
Assessed value
$14,763,700
Assessed 2024
Previous assessed
$14,763,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,443,900
Assessed improvement
$12,319,800
Land market value
$2,443,900
Improvement market value
$12,319,800
Total market value
$14,763,700
Applied tax rate
66.0000
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
112,064 SF
Lot
2.72 ac (118,483 SF)
Zoning code
INDUSTRIAL
APN
320125010
UPID
US90-0952323
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
D & S Family LLC
Entity
Mailing address
5050 20TH ST E, FIFE, WA 98424-1917
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
D & S Family LLC
—
Deed
related
$5,000,000 · Heritage Southeast Bank
Jul 23, 2021
—
D & S Family LLC
—
Deed
related
$10,500,000 · Bank Of America NA
Sep 27, 2018
—
D & S Family LLC
—
Deed
related
$10,500,000 · Keybank USA
Jul 3, 2018
—
D & S Family LLC
—
Grant Deed
related
$8,500,000 · Keybank USA
Dec 21, 2009
$4,850,000
D & S Family LLC
Regional Te Svcs Corp
Trustees Deed
related
—
Sep 23, 2005
$7,350,000
Precision Real Property LLC
Wcm 101-302 LLC
Grant Deed
$3,950,000 · General Electric Capital Corp
Jun 10, 1998
$7,700,000
Wcm 101-302 LLC
Dammeier,brian F & Janet A
Grant Deed
—
—
—
Precision Real Property LLC
—
Deed Of Trust
related
$3,248,000 · Rural Housing & Community Dev
—
—
Precision Real Property LLC
—
Deed Of Trust
related
$4,500,000 · Sterling Savings Bank
—
—
Precision Real Property LLC
—
Deed Of Trust
related
$75,000 · Moulding & Millwork INC Pacifi
—
—
D & S Family LLC
—
Loan Modification
related
$10,500,000 · Keybank USA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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