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    2621 Proctor St Tacoma, WA 98407

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    For Sale
    $4,250,000

    Two parcels with redevelopment potential in a mixed-use district.

    Property Features for 2621 Proctor St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1924
    Source: Corcoran

    Listing Agent: Timothy Johnson

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

    Overview

    Corner Property With Redevelopment Potential

    This property consists of two parcels situated on the corner of Proctor and 27th. One parcel features a 10,415 square foot fully-tenanted building on a 14,900 square foot lot. The second parcel is a 6,100 square foot vacant lot. The combined land area of both parcels is 21,000 square feet. The property is zoned Neighborhood Commercial Mixed-Use District (NCX), which allows for a mix of residential, retail, and commercial uses, indicating significant redevelopment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Era Cleaners ... Dry Cleaner Tacoma Glass Gallery ... Art Gallery Fuzzy Wuzzy Rug ... Car Detailing Service Multicare Mental Health ... Medical Clinic Graffiti Busters Graffiti Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.488656
    Latitude
    47.2717208

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    FAQs

    What type of property is this?
    Mixed-use property - Two parcels with redevelopment potential in a mixed-use district.
    Where is this mixed-use property located?
    The property is located at 2621 Proctor St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime corner location at Proctor and 27th.; - Significant redevelopment potential due to NCX zoning.; - Large 21,000sf total land area.
    Request Owner's contact information
    2621 Proctor St Tacoma, WA 98407
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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
    2621 Proctor St Tacoma, WA 98407
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