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Property profile & analytics
OFF-MARKET
Land

11708 Cyn Rd Tacoma, WA 98446

2.35 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.35-acre commercial land parcel presents a rare development opportunity in Tacoma, Washington. Located on busy Canyon Road East at 11708-11716, this property boasts high visibility and convenient access, situated within the crucial Canyon Road Corridor connecting Frederickson's industrial area and the Port of Tacoma. The site is zoned Urban Corridor, allowing for diverse commercial uses, making it ideal for businesses seeking strong visibility and easy access. The property comprises four parcels (APN: 0319121036, 0319121046, 0319121061, 0319121087) and falls within the Mid County Community Plan. Two parcels currently feature residential structures generating rental income, offering potential interim revenue during redevelopment. This strategic location benefits from recent infrastructure improvements enhancing connectivity to Interstate 5, reducing congestion, and supporting future growth. The asking price for this significant development opportunity is $1,200,000. The property's prime location and zoning flexibility make it an attractive investment for a wide range of commercial ventures. Don't miss this chance to acquire a substantial land holding in a rapidly developing area of Pierce County.

Property profile
Verified
Property type Land
Lot 2.35 ac (102,366 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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