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    356xx 53Rd Ave Tacoma, WA 98328

    • Land
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 356xx 53Rd Ave

    Lot size
    1.80 lot acres
    Property type
    Land

    Description

    This 1.8-acre vacant residential lot, located at 356xx 53rd Ave E in Eatonville, Washington (zip code 98328), presents a unique opportunity for development. Situated in a peaceful, secluded area north of Eatonville, this mostly level property offers a great building site with numerous possibilities. The land is heavily wooded, featuring numerous cedar trees, and is easily accessible. A portion of the land has been previously used for ATV riding, showcasing its usability. While buyers will need to drill a well for water, soil conditions are expected to be suitable for a septic system. Utilities such as power and phone lines are readily available at the roadside. The property is zoned for residential use and boasts the convenience of no HOA or CC&Rs. Manufactured homes are permitted. Nearby properties include other established homes, indicating a desirable community. The lot's APN is 8990000590. The asking price for this exceptional property is $157,500. Access is via a designated parking area with a short walk to the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.359
    Latitude
    46.9325

    Comparable in this City

    • Value Estimation
      $1,670,000
      1,022 SF

      104 Madison S Ave

      MOBILE HOME PARK, TRAILER PARK • 1,022 SF
      104 Madison S Ave, Eatonville, WA 98328-5504
      View Details
    • Value Estimation
      $205,000
      3,700 SF

      105 Larson E St

      APARTMENT HOUSE (5+ UNITS) • 3,700 SF
      105 Larson E St, Eatonville, WA 98328
      View Details
    • Value Estimation
      $290,000
      4,276 SF

      333 Washington N Ave

      APARTMENT HOUSE (5+ UNITS) • 4,276 SF
      333 Washington N Ave, Eatonville, WA 98328-8802
      View Details
    • Value Estimation
      $605,000
      3,300 SF

      201 Lynch E Crk

      APARTMENT HOUSE (5+ UNITS) • 3,300 SF
      201 Lynch E Crk, Eatonville, WA 98328
      View Details
    • Value Estimation
      $210,000
      2,500 SF

      129 Mashell N Ave

      APARTMENT HOUSE (5+ UNITS) • 2,500 SF
      129 Mashell N Ave, Eatonville, WA 98328-7068
      View Details
    • Value Estimation
      $205,000
      3,818 SF

      110 Washington S Ave

      APARTMENT HOUSE (5+ UNITS) • 3,818 SF
      110 Washington S Ave, Eatonville, WA 98328
      View Details

    Similar Nearby for Sale

    • $60,000

      Eatonville Land For Sale

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    • $199,000

      Forested Land For Sale

      Forested land with timber on the west side.
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    • $529,999
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      Spacious Home on 5 Acres

      5-acre property with updated home, ideal for homesteading.
      33419 E 84Th Ave N, Eatonville, WA 98328
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    • $253,500

      Eatonville 5-Acre Cleared Land Parcel

      Private 5-acre parcel with cleared building site in Eatonville.
      31506 47Th Ave, Eatonville, WA 98328
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    • $149,000

      Eatonville Land with River Access

      Land with Little Mashell River access near Eatonville and Alder Lake.
      46212 E 162Nd Ave, Eatonville, WA 98328
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    • $139,900

      Residential Lot with Mountain View

      New residential lot available with partial mountain view and utilities.
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    Tacoma, WA 98328
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    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
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