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

    231 Broadway Tacoma, WA 98402

    For Sale
    $5,950,000

    Prime 0.70 AC development site near light rail.

    Property size:
    30,492 SF

    Property Features for 231 Broadway

    General Information

    Standard status
    Active
    Size
    30,492 SF

    Source: NWC - KV LLC Agent ERIC CEDERSTRAND

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

    Overview

    Development Site with Bay Views

    This 0.70-acre (30,300 SF) development site comprises 10 tax parcels and is zoned DR - Downtown Residential. The property offers unobstructed views of Mt. Rainier and Commencement Bay. Its location is adjacent to a new Link light rail stop and overlooks Schuster Pkwy and Commencement Bay. The property size is 30,492 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4436476
    Latitude
    47.2616908

    Nearby Similar for Sale

    • $3,300,000
      23,860 SF

      Mixed-Use Building with Parking

      Two-story office, retail, and warehouse building with parking lot.
      2209-2215 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing

      Leased Retail Shop in Tacoma

      100% leased retail shop in Tacoma near downtown.
      5950 N 9Th St, Tacoma, WA 98406
      View Details
    • $1,995,000
      10,584 SF

      Former Bank Building on Tacoma Way

      Unique mid-century modern building suitable for retail, restaurant, or office.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $7,500,000

      84+ Acre Estate Investment Opportunity

      84+ acre estate with multiple venue business potential.
      Undisclosed, Tacoma, WA
      View Details
    • $2,379,000

      Turn-Key Luxury Property Near Beach

      Remodeled mixed-use property with vista views and flexible zoning.
      8802 6Th Avenue Ct, Tacoma, WA 98465
      View Details
    • $1,600,000
      9,296 SF

      Professional/Medical Office Building in Tacoma

      Two-story office building near I-5, ideal for owner-user or investor.
      1720 S 72Nd St, Tacoma, WA 98408
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 0.70 AC development site near light rail.
    Where is this commercial land located?
    The property is located at 231 Broadway Tacoma, WA.
    What is the asking price?
    The asking price for this property is $5,950,000.
    What are key features of this property?
    This property features: - Largest contiguous development site overlooking Schuster Pkwy & Commencement Bay; - Enjoy Unobstructed views of Mt. Rainier & Commencement Bay; - Prime location adjacent to new Link light rail stop
    Request Owner's contact information
    231 Broadway Tacoma, WA 98402
    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.
    231 Broadway
    Tacoma, WA 98402
    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
    231 Broadway Tacoma, WA 98402
    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.