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Property profile & analytics
FOR SALE
Flex space

1815 E D St Tacoma, WA 98421

68,300 SF 2.7 ac lot Built 1949
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-1591649
Property summary
AI-generated overview

This exceptional 98,300-square-foot Class B manufacturing facility in Tacoma, Washington, presents a compelling owner-user investment opportunity. Located at 1815 E D St, 98421, this single-unit building sits on a 2.7-acre lot and boasts 20-foot ceilings, providing ample space for various manufacturing operations. The property features ten loading docks and ten dock-high doors, ensuring efficient material handling and logistics. The asking price is $13,200,000, translating to $134.28 per square foot. Its strategic location offers excellent access to major transportation arteries, including Interstate 5 and State Route 167, as well as the Port of Tacoma, facilitating seamless distribution and supply chain management. The building is ready for occupancy on October 1, 2024. The Tacoma area's robust industrial market, characterized by low vacancy rates (below 5%) and limited land availability, makes this a highly desirable asset. This stand-alone warehouse provides significant advantages for businesses seeking a well-equipped and strategically located manufacturing space. The property's heavy power capabilities further enhance its suitability for a wide range of industrial applications.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 68,300 SF
Lot 2.7 ac (117,612 SF)
Zoning code M2
APN 6370000040
UPID US90-1591649
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
Current use
Occupant on record · Public records
  • Tacoma Fixture Co. General Contractor Renovation Specialist
  • Valley Line Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.95M
Owner & transaction history
Tacoma 1815 LLC · 7 yrs held
Tacoma 1815 LLC
since 2018
5 recorded transactions
2020
Price N/A
2018
$71,219
2016
$4.6M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
M2 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 Heavy Industrial District This M -2 District is intended to allow most industrial uses. Impacts from these uses include extended operating hours, heavy truck traffic, and higher levels of noise and odors. The maximum building height in this district is 100 feet.

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 21.94 ac
Source Ordinance Table
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