Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land for Sale in Graham Title is generated by Realmo AI

    0 222nd Street E, Graham, WA 98338

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    2.07 acres of land in Pierce County, Washington.

    Lot size:
    2.07 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 16 at 11:22 am

    Property Features for 0 222nd Street E

    General Information

    Standard status
    Active
    Lot size
    2.07 Acres

    We can help!

    Listing Contact
    MEGAN BONIFANT

    Listing agent MEGAN BONIFANT

    Listing office JOHN L. SCOTT ORTING

    Listing date Mar 13, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT ORTING

    HighLights

    • Large 2.07‑acre property.
    • Peaceful setting surrounded by natural beauty.
    • Convenient location near local amenities and schools.
    • Located in desirable Pierce County.
    • Offers possibilities for various land uses (buyer to verify).
    • Easy access off of 224th.

    Overview

    This property offers 2.07 acres of land in Graham, Washington. The location provides a peaceful setting with natural surroundings and convenient access to local amenities and schools. Located in Pierce County, the land presents various possibilities. Access is easiest off of 224th Street E. Buyers are advised to verify all information, including zoning, land use, utilities, and potential uses.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Graham
    County
    Pierce
    State
    Washington
    Longitude
    -122.313193
    Latitude
    47.055354

    Nearby Similar for Sale

    • $15,000,000

      Auto Recycling Portfolio For Sale

      Three established auto recycling yards across Western Washington.
      20619 Meridian E, Graham, WA 98338
      View Details
    • $1,995,000

      Corner Lot Development Opportunity

      248,292 sq. ft. corner lot near Pierce County Fair.
      10301 Eustis Hunt Rd E, Graham, WA 98338
      View Details
    • $179,900

      Buildable Land Parcel with Pond

      3.48-acre lot with pond near downtown Graham, WA.
      24124 94th Avenue East, Graham, WA 98338
      View Details
    • $1,995,000
      248,292 SF

      Corner Lot Development Opportunity

      248,292 sq. ft. corner lot near Pierce County Fair.
      10301 Eustis Hunt Road E, Graham, WA 98338
      View Details
    • $559,000

      Graham Acreage Available For Sale

      1.07 acre commercial parcel for sale in Graham, Washington.
      22821 Meridian E, Graham, WA 98338
      View Details
    • $300,000

      Kapowsin 10-Acre Nature Retreat

      10-acre property with ponds, wildlife, and building potential.
      25867 150th Avenue E, Graham, WA 98338
      View Details
    • $325,000

      21+ Acres with Rainier View

      21.34-acre property in Graham with Mount Rainier view.
      6420 288th Street E, Graham, WA 98338
      View Details
    • Contact for pricing

      Prime Retail Space on Meridian

      High-visibility retail space in growing Graham and South Hill markets.
      22010 Meridian E, Graham, WA 98338
      View Details
    • $459,000

      Waterfront Land on Lake Tanwax

      6+ acre waterfront parcel with 100 feet of frontage.
      32716 Benbow Drive E, Graham, WA 98338
      View Details
    • $200,000

      2.5 Acre Buildable Lot

      2.5 acres of land with well permit and septic design.
      25905 96th Avenue E, Graham, WA 98338
      View Details
    • $209,000

      Land with Lake Kapowsin Views

      1.06-acre property with water views, close to amenities.
      31822 Orville Road E, Graham, WA 98338
      View Details
    • $899,950

      Prime Land in Graham

      1.16 acre commercial land with development potential in Graham.
      22006 Meridian E, Graham, WA, 98338-9843
      View Details

    FAQs

    What type of property is this?
    Land - 2.07 acres of land in Pierce County, Washington.
    Where is this land located?
    The property is located at 0 222nd Street E Graham, WA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Large 2.07‑acre property.; Peaceful setting surrounded by natural beauty.; Convenient location near local amenities and schools.
    (360) 893-3380
    We can help!
    Listing Contact
    MEGAN BONIFANT
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 222nd Street E, Graham, WA 98338
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!