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    Property profile & analytics

    706 Hwy 162nd E South Prairie, WA 98385-9704

    • Commercial real estate
    • 1,440 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Feb 20, 2020
    Location Intelligence
    Property ID
    US90-1560141
    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

    • Commercial real estate

    Property Details for 706 Hwy 162nd E

    Year built
    1980
    Lot size
    0.99 lot acres
    Property size
    1,440 SF
    Zone code
    R/CUP
    Property type
    Commercial real estate
    APN
    619181020
    APU
    619181020

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Prairie
    County
    Pierce
    State
    Washington
    Longitude
    -122.086
    Latitude
    47.1407
    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
    $3,150
    $326,100
    $13,200
    $339,300
    -
    $326,100
    $13,200
    $339,300

    Comparable in this City

    • Value Estimation by Request
      17.62 Acres

      606 Hwy 162nd E

      VACANT COMMERCIAL LAND • 17.62 Acres
      606 Hwy 162nd E, South Prairie, WA 98385-9703
      View Details
    • Value Estimation
      $455,000
      14,250 SF

      102 Emery N Ave

      WAREHOUSE, STORAGE • 14,250 SF
      102 Emery N Ave, South Prairie, WA 98385-4000
      View Details
    • Value Estimation
      $265,000
      2,308 SF

      506 Hwy 162nd E

      AUTO REPAIR, GARAGE • 2,308 SF
      506 Hwy 162nd E, South Prairie, WA 98385-9702
      View Details
    • Value Estimation by Request
      0.39 Acres

      Vly E Hwy

      INDUSTRIAL - VACANT LAND • 0.39 Acres
      Vly E Hwy, South Prairie, WA 98385
      View Details
    • Value Estimation
      $375,000
      2,884 SF

      121 Hwy 162nd W

      RESTAURANT • 2,884 SF
      121 Hwy 162nd W, South Prairie, WA 98385-9802
      View Details
    • Value Estimation
      $220,000
      2,380 SF

      137 Hwy 162nd W

      APARTMENT HOUSE (5+ UNITS) • 2,380 SF
      137 Hwy 162nd W, South Prairie, WA 98385-9802
      View Details
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    706 Hwy 162nd E
    South Prairie, WA 98385-9704
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    Realmo Value Estimation

    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.

    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.

    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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