Property profile

5111 Marine View Dr Tacoma, WA 98422

OFF-MARKET
Land
26.94 ac lot
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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

Location

5111 Marine View Dr Tacoma, WA 98422
Tacoma metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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