Property profile

2321 Tacoma S Ave 2323 Tacoma, WA 98402

OFF-MARKET
Other warehouses
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Property ID
US90-0919997
3,432 SF 0.13 ac Built 1959
Last sale May 2023·$580,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

2321–2323 Tacoma Ave S is a multi-tenant flex property combining warehouse and retail use, with an approximate total area of 6,864 square feet. Public records indicate the building has historically been used as a recording studio and an audio equipment store/warehouse for nearly 35 years. The site includes a fenced yard that opens to the alleyway, providing convenient exterior access. The interior layout is described as approximately half warehouse space and half retail/customer-facing space,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$488k
Assessed land$351k
Assessed improvement$136k
Effective rate1.11%

Value estimate

· Nov 2026
$425k
$383k – $468k
AI approach$465k
CAP approach$685k
Submarket $/SF estimate$417k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$2,190/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$215 – $3,329
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
WR
WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and resident...
General categoryINDUSTRIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop11.0
Laundry Service9.4
Watch Repair Shop8.9

Location

2321 Tacoma S Ave, Unit 2323 Tacoma, WA 98402-1409
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2544 Fawcett, Tacoma, WA 98402-1302 $4,200,000 Feb 2026 2,760 SF
1754 Fawcett, Tacoma, WA 98402-1707 $1,750,000 May 2024 2,940 SF
2712 A, Tacoma, WA 98402-2803 $1,300,000 Jan 2024 3,000 SF
136 Stewart SE, Tacoma, WA 98402 $8,200,000 May 2023 3,332 SF
2360 Fawcett, Tacoma, WA 98402-1402 $1,325,000 Nov 2022 3,000 SF
2310 A, Tacoma, WA 98402-2912 $660,000 Feb 2020 3,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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