34th 34Th Ave, Spanaway, WA 98387
This exceptional 70-acre residential land offering presents a significant development opportunity in Spanaway, Washington. Comprising four parcels (APN: 0318264027, 0318264033, 0318264031, 0318264032), this property is conveniently located south of Spanaway off Highway 7, in unincorporated Pierce County, WA, zip code 98387 (latitude 47.049281, longitude -122.3847951). Currently zoned R10, the land boasts a level topography. The property is actively undergoing a design review process with Pierce County for boundary line adjustments, aiming to increase the allowable dwelling unit yield. A comprehensive civil engineering package, including detailed maps, is available upon request. Further due diligence can be performed using the Fidelity National Title Report Number 611338530. This is a rare opportunity to acquire a substantial tract of land with significant potential for residential development in a desirable location. The asking price for this remarkable property is $1,500,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.