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Property profile & analytics
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
Price N/A
2010
$400,000
2005
Price N/A
1988
$135,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CE · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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