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    921 I St Tacoma, WA 98405

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    For Sale
    $899,500

    Parking lot near courthouse with residential development potential.

    Property size:
    12,981 SF

    Property Features for 921 I St

    General Information

    Size
    12,981 SF

    Building Details

    Year built
    1968

    Source: WINDERMERE ABODE Agent ETHAN WING

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

    Overview

    Centrally Located Parking Lot Opportunity

    This centrally located parking lot presents numerous opportunities. Zoned RCX, the site allows for construction up to 60 feet with no setbacks, and 75% or more of the building can be residential. The location is near the courthouse and jail, making it suitable for law offices, potentially with a live/work component. Situated two blocks from MLK Way, future tenants would be close to bars, restaurants, shops, and parks, with further development planned in the area. The light rail station at the corner of MLK and S 11th is three blocks away, providing convenient access to downtown. With easy access to I-5 and Highway 16, the Puget Sound area is easily accessible. The property size is 12981 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4487391
    Latitude
    47.253685

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    FAQs

    What type of property is this?
    Commercial land - Parking lot near courthouse with residential development potential.
    Where is this commercial land located?
    The property is located at 921 I St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $899,500.
    What are key features of this property?
    This property features: - RCX Zoning allows for building up to 60' with no setbacks and 75% or more residential use.; - Prime location near the courthouse and jail, ideal for law offices or live/work spaces.; - Close proximity (2 blocks) to MLK Way and its ongoing development.
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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
    921 I St Tacoma, WA 98405
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