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    6205 20Th St E Fife, WA 98424
    Property profile & analytics

    6205 20Th St E Fife, WA 98424

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    • Retail space
    • 2,296 SF
    • 0.23 lot acres
    For Lease
    $3,444/Mo
    View Listing →
    Fife Freestanding Buildings For Lease 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 Listing
    Property ID
    US90-0899668
    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
    Cap Rate Potential
    2.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 6205 20Th St E

    Year built
    1900
    Construction
    WOOD FRAME
    Lot size
    0.23 lot acres
    Property size
    2,296 SF
    Zone code
    COMMUNITY
    Property type
    Retail space
    APN
    420071062
    APU
    420071062

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $695,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $975,000
      Change: +40% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $850,000
      Change: +22% Conversion: Difficult
      WAREHOUSE, STORAGE
      $690,000
      Change: -1% Conversion: Difficult
      MEDICAL BUILDING
      $560,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife
    County
    Pierce
    State
    Washington
    Longitude
    -122.347
    Latitude
    47.2392
    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
    $3,198
    $245,700
    $90,400
    $336,100
    -
    $245,700
    $90,400
    $336,100

    Comparable in this City

    • Value Estimation
      $1,895,000
      12,200 SF

      2302 Pacific E Hwy, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 12,200 SF
      2302 Pacific E Hwy, Fife, WA 98424-1014
      View Details
    • Value Estimation
      $795,000
      6,988 SF

      7822nd Riv E Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,988 SF
      7822nd Riv E Rd, Fife, WA 98424
      View Details
    • Value Estimation
      $5,535,000
      37,187 SF

      6304 18th E St

      RETAIL STORES (PERSONAL SERVICES) • 37,187 SF
      6304 18th E St, Fife, WA 98424
      View Details
    • Value Estimation
      $7,150,000
      69,388 SF

      1802 62nd E Ave

      RETAIL STORES (PERSONAL SERVICES) • 69,388 SF
      1802 62nd E Ave, Fife, WA 98424-2508
      View Details
    • Value Estimation
      $710,000
      4,488 SF

      4904 Borgen Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,488 SF
      4904 Borgen Blvd, Fife, WA 98424
      View Details
    • Value Estimation
      $2,640,000
      24,600 SF

      18101 Pacific S Ave, Unit 15776

      RETAIL STORES (PERSONAL SERVICES) • 24,600 SF
      18101 Pacific S Ave, Fife, WA 98424
      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
    • $1,100,000
      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.
      5303 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing
      7,469 SF

      Fife Retail Property for Sale

      Retail property in Fife, WA, totaling 7,469 square feet.
      5211-5217 20Th 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
    • $2,100,000

      Fife Village Apartments For Sale

      16-unit multifamily community in Fife, Washington.
      2102 62Nd Ave E, Fife, WA 98424
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space Near I-5

      High-visibility retail space near I-5 and Port of Tacoma.
      3402-3408 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing
      1,170 SF

      Fife Retail Space Available

      Retail space for lease in Fife, Washington.
      4420-4500 Pacific Hwy E, Fife, WA 98424
      View Details
    • Contact for pricing
      8,901 SF

      Retail Space in Fife, WA

      4,800 SF retail space available for lease.
      5121 Pacific Hwy E, Fife, WA 98424
      View Details
    • $42,489
      31,512 SF

      High-Visibility Retail Opportunity

      Two locations available in Puget Sound region.
      2302 Pacific Hwy E, Tacoma, WA 98424
      View Details
    • Contact for pricing

      Fife Retail Space For Rent

      Retail space with high visibility and direct highway access.
      4500 Pacific Hwy E, Fife, WA 98424
      View Details
    • $2,156 /Mo
      1,176 SF

      Established Shopping Center For Rent

      Shopping center with national and local tenants, ample parking.
      4420 Pacific Hwy E, Fife, WA 98424
      View Details
    View Listing
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    Fife, WA 98424
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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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