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    OFF-MARKET
    Land

    5111 Marine View Dr, Tacoma, WA 98422

    26.94 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 26.94-acre property located at 5111 Marine View Dr, Tacoma, WA 98422, presents a remarkable development opportunity. Priced at $1,800,000, this expansive parcel offers breathtaking views of Commencement Bay and is situated within the Transition Overlay District of the City of Tacoma. Its prime location provides convenient access to major transportation routes, including SR-509, placing it within easy reach of Tyee Marina, Browns Point Marina, and the Corinthian Yacht Club. The serene setting, combined with proximity to urban amenities, creates an ideal balance for a variety of potential development projects. This unique investment opportunity allows for the creation of a project that capitalizes on the stunning Puget Sound views and the desirable location. The property's substantial size and zoning designation offer significant flexibility for future development plans. Serious inquiries are encouraged to explore the possibilities this exceptional waterfront land presents. The property's address is clearly identified as 5111 Marine View Drive, Tacoma, Washington.

    Property profile
    Verified
    Property type Land
    Lot 26.94 ac (1,173,506 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
    by Request
    CAP Approach CAP
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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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