Property profile

1412 Martin Luther King Jr Way Tacoma, WA 98405

OFF-MARKET
Industrial land
Property ID
US90-1173490
0.07 ac lot
Entity Owned Free & Clear
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Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot 0.07 ac (3,250 SF)
Zoning code NCX
APN 2014220050
UPID US90-1173490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1412 Martin Luther King Jr Way Tacoma, WA 98405-3930
Tacoma metro Census 61400 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

NCX · Tacoma, WA
Zoning description

NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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