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    5802 S BURLINGTON WAY, TACOMA, WA 98409, PIERCE COUNTY TACOMA, WA 98409
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    Property profile & analytics

    5802 S BURLINGTON WAY, TACOMA, WA 98409, PIERCE COUNTY TACOMA, WA 98409

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    • Land
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5802 S BURLINGTON WAY, TACOMA, WA 98409, PIERCE COUNTY

    Property type
    Land

    Description

    Available SF 2,320,074 ACCESS. SIZE. FLEXIBILITY. INTRODUCING ONE OF PUGET SOUND’S NEXT MAJOR INDUSTRIAL DEVELOPMENTS, JUST MINUTES FROM INTERSTATE 5 AND THE PORT OF TACOMA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    TACOMA
    County
    State
    Washington
    Longitude
    -122.485
    Latitude
    47.2128

    Comparable in this City

    • Value Estimation by Request
      1.83 Acres

      5312 Burlington Way

      INDUSTRIAL - VACANT LAND • 1.83 Acres
      5312 Burlington Way, Tacoma, WA 98409-2802
      View Details
    • Value Estimation by Request
      2.32 Acres

      4012 Monroe St

      INDUSTRIAL - VACANT LAND • 2.32 Acres
      4012 Monroe St, Tacoma, WA 98409
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    • Value Estimation by Request
      0.20 Acres

      2720 Hosmer St

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      2720 Hosmer St, Tacoma, WA 98409-7824
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    • Value Estimation by Request
      0.07 Acres

      3331 Junett St

      INDUSTRIAL - VACANT LAND • 0.07 Acres
      3331 Junett St, Tacoma, WA 98409
      View Details
    • Value Estimation by Request
      0.40 Acres

      3628 Lawrence St

      INDUSTRIAL - VACANT LAND • 0.40 Acres
      3628 Lawrence St, Tacoma, WA 98409
      View Details
    • Value Estimation by Request
      0.07 Acres

      Lincoln Ave

      INDUSTRIAL - VACANT LAND • 0.07 Acres
      Lincoln Ave, Tacoma, WA 98409
      View Details

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    • Contact for pricing

      Land For Sale

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      Well-located office building with development potential.
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      Established Tacoma Office Asset

      Well-located office building with development potential in Tacoma, Washington.
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    Similar Nearby for Lease

    • $12,894 /Mo
      80,586 SF

      Tacoma Industrial Land For Lease

      Industrial land available for lease in Tacoma, Washington.
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      South Tacoma Way Warehouse Space

      13,000 sq ft warehouse space off South Tacoma Way.
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    • $3,333 /Mo
      2,000 SF

      Retail Space Near Tacoma Mall

      Retail space for lease near Tacoma Mall with excellent parking.
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      4,294 SF

      Tacoma Mall Blvd Office Space

      Office space with I-5 visibility and easy access.
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      Office Space Available For Rent

      Office space available for rent in Tacoma, Washington.
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      4,469 SF

      Class A Office Space Available

      4,469 SF office space near Tacoma Mall, available now.
      6050 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
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    TACOMA, WA 98409
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    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
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