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    1941 Marine View Dr Tacoma, WA 98422

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    For Sale
    $3,000,000

    Income-generating industrial property near port with value-add potential.

    Property size:
    8,890 SF

    Property Features for 1941 Marine View Dr

    General Information

    Standard status
    Active
    Size
    8,890 SF

    Building Details

    Year built
    1983

    Source: NWC - KV LLC Agent BRUCE VALENTINE

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

    Overview

    Industrial Property Near Port Operations

    This 8,890 square foot industrial property is situated on a 3.84-acre (167,270 square foot) lot and is zoned M2 - Heavy Industrial. The property is fully leased to three tenants, generating a total gross income of $184,200 per year. Two tenants are on NNN leases, while the third tenant pays rent plus pro-rata utilities. This property presents an opportunity for outside storage (IOS) with existing income, offering potential for future value enhancement. Its strategic location near port operations further enhances its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The SandBar & Grill Bar Earth Tech Industries Lawn Care Service LadyBug Bikini Espresso Coffee Stand

    Suggested Use

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

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

    Similar Places Nearby

    Superheroes Moving and Storage, United Rentals - Storage Containers and Mobile Offices

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.3734074
    Latitude
    47.2716141

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    FAQs

    What type of property is this?
    Warehouse - Income-generating industrial property near port with value-add potential.
    Where is this warehouse located?
    The property is located at 1941 Marine View Dr Tacoma, WA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - IOS (Industrial Outdoor Storage) opportunity with in-place income near Port operations, prime for future value-add.; - Fully leased, income-generating property.; - Total Gross Income of $184,200/year.
    Request Owner's contact information
    1941 Marine View Dr Tacoma, WA 98422
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    Tacoma, WA 98422
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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
    1941 Marine View Dr Tacoma, WA 98422
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