Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2102 Jahn Ave Gig Harbor, WA 98335

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

    Current Use by Public Records

    • Land

    Property Details for 2102 Jahn Ave

    Lot size
    1.41 lot acres
    Property type
    Land

    Description

    This exceptional 1.41-acre commercial land parcel, located at 2102 Jahn Avenue in Gig Harbor, Washington, presents a unique investment opportunity. Priced at $492,000 ($8/sq ft), this property boasts a desirable location at the intersection of Stone Dr. NW and Jahn Ave. NW, within Pierce County. The lot size is approximately 61,500 square feet, and the parcel number is 0221283027. Zoned R-10 under Pierce County regulations, the property has an approved septic design (expired March 2022) and a preliminary site plan for four residential/industrial buildings. Utilities are readily available, with Peninsula Light Company providing power and Washington Water Company supplying water. This property offers significant potential for development and represents a compelling investment in a thriving Gig Harbor location. The property's address is 2102 Jahn Avenue, Gig Harbor, WA 98335. The property is conveniently located in a desirable area of Gig Harbor, offering easy access to local amenities and transportation routes. This is an excellent opportunity for developers or investors seeking a prime location for future projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.563
    Latitude
    47.2776

    Comparable in this City

    • Value Estimation by Request
      1.47 Acres

      7715 46Th Ave

      Land • 1.47 Acres
      7715 46Th Ave, Gig Harbor, WA 98335
      View Details
    • Value Estimation
      $265,000
      0.18 Acres

      7721 Pioneer Way

      COMMERCIAL (GENERAL) • 0.18 Acres
      7721 Pioneer Way, Gig Harbor, WA 98335-1132
      View Details
    • Value Estimation by Request
      1.72 Acres

      92nd St NW Ct

      INDUSTRIAL - VACANT LAND • 1.72 Acres
      92nd St NW Ct, Gig Harbor, WA 98335
      View Details
    • Value Estimation by Request
      4.58 Acres

      Bujacich Rd

      INDUSTRIAL - VACANT LAND • 4.58 Acres
      Bujacich Rd, Gig Harbor, WA 98335
      View Details
    • Value Estimation by Request
      0.04 Acres

      3212 Harborview Dr

      VACANT COMMERCIAL LAND • 0.04 Acres
      3212 Harborview Dr, Gig Harbor, WA 98335-2125
      View Details
    • Value Estimation by Request
      0.84 Acres

      14-A Tyee NW Dr

      VACANT COMMERCIAL LAND • 0.84 Acres
      14-A Tyee NW Dr, Gig Harbor, WA 98335
      View Details

    Similar Nearby for Sale

    • $2,250,000

      Gig Harbor Commercial Land Available

      2.75 acres with shop and immediate highway access.
      4542 Neel Ct, Gig Harbor, WA 98335
      View Details
    • $849,000
      2,040 SF

      Gig Harbor Commercial Land Opportunity

      Commercial land with reconstructed buildings in Gig Harbor, WA.
      7817 Skansie Ave, Gig Harbor, WA 98335
      View Details
    • $398,000

      Residential Lot in Gig Harbor

      Prime Wallochet location, geological assessment completed, septic design submitted.
      4610 Hemlock Ln, Gig Harbor, WA 98335
      View Details
    • $650,000

      Luxury Enclave Building Site

      1.25 acre build-ready site in gated community.
      3711 101St Avenue Ct, Gig Harbor, WA 98335
      View Details
    • $93,400

      Waterfront Recreational Property in Rosedale

      Recreational waterfront property near Gig Harbor, explore waterways by boat.
      7930 Ray Nash Dr, Gig Harbor, WA 98335
      View Details
    • $160,000

      Residential Land in Gig Harbor

      Land parcel for residential development with convenient Gig Harbor location.
      7719 Rosedale St, Gig Harbor, WA 98335
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,284 SF

      Gig Harbor Land with Plans

      High-traffic land near downtown Gig Harbor with approved building plans.
      5602 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • $22 SF/Yr
      196 SF

      Gig Harbor Office & Warehouse Space

      Versatile Gig Harbor commercial property.
      5717 Wollochet Dr, Gig Harbor, WA 98335
      View Details
    • $1.20 SF/Yr
      2,947 SF

      Gig Harbor Office/Shop Space

      Versatile 2,947sf space with office and shop areas.
      6626 Wagner Way NW, Gig Harbor, WA 98335
      View Details
    • $44 SF/Yr
      3,944 SF

      Retail Space in Gig Harbor

      Retail space available for lease in Gig Harbor, WA.
      5114-5502 Point Fosdick Dr NW, Gig Harbor, WA 98335
      View Details
    • $1,100 /Mo
      400 SF

      Office Space in Quiet Business Park

      Office space with warehouse door and lower level storage.
      5715 Wollochet Dr NW, Gig Harbor, WA 98335
      View Details
    • $18 SF/Yr
      1,064 SF

      Gig Harbor Office Space Available

      Office space for rent in established retail center.
      5201 Olympic Dr, Gig Harbor, WA 98335
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2102 Jahn Ave
    Gig Harbor, WA 98335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.