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    FOR SALE
    Warehouses

    10324 Portland Ave E, Tacoma, WA 98445

    5,040 SF 1 ac lot Built 1981
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US90-0438264
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 10324 Portland Ave E in Tacoma, WA, presents a unique investment opportunity. The 1.01-acre lot encompasses a substantial 13,680 square-foot warehouse facility, perfectly suited for a variety of uses. The main building boasts 7,444 square feet, featuring 7,000 square feet of two-story office space and a 2,940 square-foot shop/warehouse area. Additional structures include a 2,400 square-foot canopy and two 600 square-foot Quonset hut buildings. The property benefits from a fully secured and lit yard, enhanced by high-tech security systems, making it ideal for contractors, engineering firms, or any business requiring ample yard space. Its strategic location offers convenient access to major transportation arteries, including Highway 512, I-5, Highway 167, and the Portland Ave off-ramp, placing it within a quarter-mile of freeway access. The Port of Tacoma is a mere six miles away, along Portland Avenue. This property is zoned CE-Community Employment and is offered at $2,885,000. The total building area is 8,640 square feet. This is a rare opportunity to acquire a well-located, versatile industrial property with significant yard space in a thriving area.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1981
    Construction WOOD FRAME
    Total area 5,040 SF
    Lot 1 ac (43,470 SF)
    Zoning code CE
    APN 7745003510
    UPID US90-0438264
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.01M
    Comparable Approach Comparable
    $549k
    Blend (final) Blend
    $795k
    Owner & transaction history
    International Fndg Group LLC · 16 yrs held
    International Fndg Group LLC
    since 2010
    6 recorded transactions
    2022
    2010
    $400,000
    2005
    1988
    $135,000
    1969
    1969
    Zoning & alternative use
    CE · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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