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

    2222 96Th St SW Lakewood, WA 98444

    For Sale
    $2,300,000

    3.4-acre site with income and development potential in Tacoma.

    Property size:
    9,086 SF

    Property Features for 2222 96Th St SW

    General Information

    Standard status
    Active
    Size
    9,086 SF

    Building Details

    Year built
    1935

    Source: KIDDER MATHEWS Agent BENJAMIN NORBE

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

    Overview

    Tacoma Investment Property Opportunity

    Located in Tacoma's south end, this 3.4-acre investment property at 2222 96th St S offers immediate income and long-term development potential. The property includes nine buildings with older, Class C rental units, generating a gross annual income of approximately $259,000. The units have an average rent of $2.01 per square foot. The property contains 9,086 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.47365
    Latitude
    47.169909

    Nearby Similar for Sale

    • $975,000
      0.43 Acres

      Lakewood Commercial Property on Bridgeport

      Commercial property in established retail corridor with income generation.
      7214 Bridgeport Way W, Lakewood, WA 98499
      View Details
    • $1,035,000
      5,192 SF

      Lakewood Commercial Center Investment

      Fully leased NNN investment property in Lakewood, Washington.
      12930 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $10,380,000

      Lakewood Square Retail Center

      Multi-tenant shopping center anchored by Goodwill with long-term lease.
      6000-6010 Mount Tacoma Dr SW, Lakewood, WA 98499
      View Details
    • $4,000,000

      Turnkey Lakewood Apartment Investment Opportunity

      29-unit apartment community in Lakewood's Springbrook neighborhood.
      5226 Chicago Ave SW, Lakewood, WA 98499
      View Details
    • $3,950,000
      14,400 SF

      Medical Campus with Development Potential

      Well-maintained medical campus in Lakewood with development opportunities.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • $4,800,000
      13,216 SF

      New Lakewood Duplex-Style Community

      New 16-unit duplex community in desirable Dower neighborhood.
      7519 Grange St W Lakewood, Lakewood, WA 98499
      View Details

    FAQs

    What type of property is this?
    Apartment building - 3.4-acre site with income and development potential in Tacoma.
    Where is this apartment building located?
    The property is located at 2222 96Th St SW Lakewood, WA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - 3.4-acre site in Tacoma's expanding south end offers long-term development potential.; - Generates approximately $259,000 in gross annual income.; - In-place cash flow provides immediate income.
    Request Owner's contact information
    2222 96Th St SW Lakewood, WA 98444
    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.
    2222 96Th St SW
    Lakewood, WA 98444
    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
    2222 96Th St SW Lakewood, WA 98444
    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.