Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Vacant Lot in Tacoma Title is generated by Realmo AI

    446 63rd Street Ct W, University Place, WA 98467

    View on Map
    Claim this Listing
    For Sale
    $175,000

    Vacant corner lot with utilities in street, great potential.

    Type:Land
    Added:
    May 11, 2026
    Days on Market:
    20
    Last Refresh:
    May 27 at 9:20 am

    Property Features for 446 63rd Street Ct W

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Maxim Bayda

    Listing agent Maxim Bayda

    Listing office Pellego, Inc.

    Listing date May 11, 2026

    Source Exprealty

    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 Pellego, Inc.

    HighLights

    • Level corner lot, easy to build on.
    • Utilities are available in the street.
    • Located in an established neighborhood.
    • Close to shopping, schools, and main roads.
    • Street frontage on two sides.
    • Potential for new build or investment.

    Overview

    This is a vacant corner lot located in Tacoma. The lot is level and has street frontage on two sides. Utilities are available in the street. The property is situated in an established neighborhood and is close to shopping, schools, and main roads. It may be suitable for a new build or investment.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.517245
    Latitude
    47.19943

    Nearby Similar for Sale

    • $479,000

      View Lot in University Place

      Land parcel for dream home in desirable University Place neighborhood.
      0 Lemons Beach Road W, University Place, WA 98466
      View Details
    • $550,000
      2,242 SF

      University Place Office Unit

      Office unit for sale in University Place, Washington.
      6923 Lakewood Dr W, Unit B-2, University Place, WA 98467
      View Details
    • $1,625,000
      10,097 SF

      Mixed-Use Property in University Place

      Established mixed-use property with flexible space in Tacoma, Washington.
      5314-5316 Orchard St W, University Place, WA
      View Details
    • $1,295,000
      7,263 SF

      Iconic University Place Cafe Building

      Prime retail property near Chambers Bay with development potential.
      2912 27th St W, University Place, WA 98466
      View Details
    • $1,700,000
      5,634 SF

      Turn-Key Restaurant Ready For Sale

      Restaurant with hood, grease trap, kitchen equipment, and bar.
      2122 Mildred Street W, University Place, WA 98466
      View Details
    • $4,750,000
      143,748 SF

      3.3 AC IOS Yard

      3.3 AC IOS Yard for sale or lease.
      6820 27th St W, University Place, WA
      View Details
    • $6,950,000
      204,849 SF

      University Place Development Opportunity

      Large site suitable for multifamily or light industrial development.
      6802 27th St W, University Place, WA
      View Details
    • $1,890,000

      University Place Office Space Available

      Office space for sale in University Place, Washington.
      4109 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,549,500
      6,104 SF

      Quality Office Building For Sale

      Prime location office building with recent renovations and ample parking.
      6403 Lakewood Drive W, University Place, WA 98467
      View Details
    • $850,000
      4,740 SF

      Mixed-Use Corner Lot Opportunity

      Prime corner lot with mixed-use potential in University Place.
      8008 27th St W, University Place, WA 98466
      View Details
    • $1,200,000

      University Place Land Opportunity

      Large land parcel in University Place, preliminary plat status.
      5415 53rd Street W, University Place, WA 98467
      View Details
    • $1,549,500
      6,106 SF

      Two-Story Office Building Near Tacoma

      Two-story office building with ample parking near Meadow Park.
      6403 Lakewood Dr W, University Place, WA 98467
      View Details

    FAQs

    What type of property is this?
    Land - Vacant corner lot with utilities in street, great potential.
    Where is this land located?
    The property is located at 446 63rd Street Ct W University Place, WA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Level corner lot, easy to build on.; Utilities are available in the street.; Located in an established neighborhood.
    (425) 441-3180
    We can help!
    Listing Contact
    Maxim Bayda
    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
    446 63rd Street Ct W, University Place, WA 98467
    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!