5111 Marine View Dr, Tacoma, WA 98422
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.