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    502-512 112Th St S Tacoma, WA 98444

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    For Sale
    $2,600,000

    20,000 SF building with adjacent lot in Parkland.

    Property size:
    20,224 SF
    Lot size:
    1.20 Acres

    Property Features for 502-512 112Th St S

    General Information

    Size
    20,224 SF
    Lot size
    1.20 Acres

    Source: Better Properties Real Estate Agent Mark Hulen

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

    Overview

    Parkland Commercial Building and Lot

    This is an opportunity to own a commercial building in Parkland. The property includes a 20,000 square foot building and an adjacent approximately 1/2 acre vacant lot (Parcel #031909-2-059). The building has a mix of tenants and very low vacancy. There are 76 parking spaces. The zoning is Urban Corridor (UCOR) with a maximum density of 60 housing units per acre and a maximum height of 55 feet. The vacant lot is valued at $600,000.
    Location Intelligence

    Current Use by Public Records

    Park Plaza Shopping ... Shopping Mall

    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.

    Similar Places Nearby

    Park Plaza Shopping Center, Coin Cloud Bitcoin ATM, Hi-Tech Carstar Parkland, Uniquee Booths, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4384634
    Latitude
    47.1550408

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    FAQs

    What type of property is this?
    Shopping center - 20,000 SF building with adjacent lot in Parkland.
    Where is this shopping center located?
    The property is located at 502-512 112Th St S Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - 20,000 square foot +/- commercial building with a good mix of tenants and very low vacancy.; - Includes an adjacent 1/2 acre +/- vacant lot (Parcel #031909-2-059).; - Located in an Urban Corridor (UCOR) with **high density zoning**: up to 60 housing units per acre and a maximum height of 55 feet.
    (253) 921-0887
    Request Owner's contact information
    502-512 112Th St S Tacoma, WA 98444
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    Tacoma, WA 98444
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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
    502-512 112Th St S Tacoma, WA 98444
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