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    Property profile & analytics

    8520 182nd E Ave Bonney Lake, WA 98391-7162

    • Office properties & Spaces
    • 4,182 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0734537
    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 8520 182nd E Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property size
    4,182 SF
    Zone code
    C2
    Property type
    Office properties & Spaces
    APN
    5640001120
    APU
    5640001120

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $573,000
      Market price range: $264k - $952k

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonney Lake
    County
    Pierce
    State
    Washington
    Longitude
    -122.186
    Latitude
    47.1776
    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
    $12,963
    $694,600
    $581,900
    $1,276,500
    -
    $694,600
    $581,900
    $1,276,500

    Comparable in this City

    • Value Estimation by Request
      900 SF

      22919 State Rte 410th E

      OFFICE (GENERAL) • 900 SF
      22919 State Rte 410th E, Bonney Lake, WA 98391-3969
      View Details
    • Value Estimation
      $1,085,000
      6,165 SF

      21525 State Rte 410th E

      OFFICE (GENERAL) • 6,165 SF
      21525 State Rte 410th E, Bonney Lake, WA 98391-4101
      View Details
    • Value Estimation by Request
      1,440 SF

      19413 State Rte 410th E

      OFFICE (GENERAL) • 1,440 SF
      19413 State Rte 410th E, Bonney Lake, WA 98391-8488
      View Details
    • Value Estimation by Request
      2,720 SF

      18409 Veterans Memorial E Dr

      OFFICE (GENERAL) • 2,720 SF
      18409 Veterans Memorial E Dr, Bonney Lake, WA 98391-7109
      View Details
    • Value Estimation
      $1,405,000
      4,368 SF

      18429 Veterans Memorial E Dr

      OFFICE (GENERAL) • 4,368 SF
      18429 Veterans Memorial E Dr, Bonney Lake, WA 98391-7383
      View Details
    • Value Estimation by Request
      3,968 SF

      212 182nd E Ave

      OFFICE (GENERAL) • 3,968 SF
      212 182nd E Ave, Lake Tapps, WA 98391-4930
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Versatile Mixed-Use Bonney Lake Property

      Mixed-use property in downtown Bonney Lake with office, retail, industrial potential.
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      2,478 SF

      Highway 410 Professional Plaza

      Office/medical suites in Bonney Lake, high-traffic location.
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    • $2,499,000

      2.7-Acre C3-Zoned Commercial Lot

      Development-ready site with approved plans in high-traffic commercial corridor.
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      16,104 SF

      Highway 410 Office/Medical Suites

      Office/medical suites on 2.13 acres in growing community.
      8412 Myers Rd E, Bonney Lake, WA 98391
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      Lake Tapps Residential Lot

      0.28-acre lot in Lake Tapps, ready for development.
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      Undeveloped Land in Growing Area

      Just under 5 acres of land in rapidly growing area.
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    Similar Nearby for Lease

    • Contact for pricing

      Bonney Lake Office Space

      Office space available for lease in Bonney Lake, WA.
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    • $28 SF/Yr
      1,192 SF

      Bonney Lake Office Space Available

      5,701 SF office space for lease in Bonney Lake.
      18209 State Route 410, Bonney Lake, WA 98391
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    • $67,728
      56,440 SF

      New Class A Industrial Condos

      New Class A industrial condos for lease or sale.
      9619 224Th Ave E, Bonney Lake, WA 98391
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    • $4,337 /Mo
      2,478 SF

      Bonney Lake Professional Office Suites

      Office/medical suites available for lease in Bonney Lake, WA.
      8412 Myers Rd E, Bonney Lake, WA 98391
      View Details
    • $3,301 /Mo
      1,886 SF

      Bonney Lake Professional Office Space

      Office/medical suites in high-traffic Bonney Lake location.
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      View Details
    • $2,732 /Mo
      1,639 SF

      Bonney Lake First Floor Office

      First floor office space available for rent in Bonney Lake.
      21107 Highway 410 E, Bonney Lake, WA 98391
      View Details
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    8520 182nd E Ave
    Bonney Lake, WA 98391-7162
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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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