Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6802 27Th Street Ct W University Place, WA 98466

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,950,000

    Land suitable for multifamily or light industrial development.

    Property size:
    204,849 SF

    Property Features for 6802 27Th Street Ct W

    General Information

    Standard status
    Active
    Size
    204,849 SF
    Source: Corcoran

    Listing Agent: Bruce Barker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University Place Development Opportunity

    This property, zoned M/U - IU - 75, presents a development opportunity at the entrance of University Place. The zoning allows for a marquee multifamily development or the utilization of the existing industrial block building to support light industrial purposes or use as a contractor yard. The site has a property size of 204849 square feet. The area includes various local amenities and is adjacent to the Fircrest Golf Club. Its location is central to Tacoma, Joint Base Lewis-McChord (JBLM), and Lakewood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.554046
    Latitude
    47.234499

    Nearby Similar for Sale

    • $1,295,000
      7,263 SF

      Iconic University Place Cafe Building

      Prime retail property near Chambers Bay with development potential.
      2912 27Th Street Ct W, University Place, WA 98466
      View Details
    • $1,755,000
      10,097 SF

      Mixed-Use Property in University Place

      Established mixed-use property with flexible space in Tacoma, Washington.
      5314-5316 Orch St W, University Place, WA
      View Details
    • $1,549,500
      6,104 SF

      Quality Office Building For Sale

      Prime location office building with recent renovations and ample parking.
      6403 Lakewood Dr W, University Place, WA 98467
      View Details
    • $1,890,000

      University Place Office Space Available

      Office space for sale in University Place, Washington.
      4109 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,350,000
      4,092 SF

      University Place Chapel For Sale

      Well-maintained 4,092 SF chapel on a 64,875 SF lot.
      8004 44Th Street Ct W, University Place, WA 98466
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for multifamily or light industrial development.
    Where is this commercial land located?
    The property is located at 6802 27Th Street Ct W University Place, WA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Zoned M/U - IU - 75, allowing for multifamily development or light industrial/contractor yard use.; - Prime location at the entrance of University Place.; - Adjacent to Fircrest Golf Club.
    Request Owner's contact information
    6802 27Th Street Ct W University Place, WA 98466
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6802 27Th Street Ct W
    University Place, WA 98466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    6802 27Th Street Ct W University Place, WA 98466
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.