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    Property profile & analytics

    1902 Martin Luther King Jr Way Tacoma, WA 98405-3970

    • Strip malls
    • 5,612 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1683249
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1902 Martin Luther King Jr Way

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    5,612 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    2019220010
    APU
    2019220010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.45
    Latitude
    47.2435
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,392
    $403,600
    $1,161,200
    $1,564,800
    -
    $403,600
    $1,161,200
    $1,564,800

    Comparable in this City

    • Value Estimation by Request
      3,300 SF

      626 Sprague Ave

      SHOPPING CENTER, STRIP CENTER • 3,300 SF
      626 Sprague Ave, Tacoma, WA 98405-3006
      View Details
    • Value Estimation by Request
      52,568 SF

      3304th S 23rd St

      SHOPPING CENTER, STRIP CENTER • 52,568 SF
      3304th S 23rd St, Tacoma, WA 98405
      View Details
    • Value Estimation by Request
      5,923 SF

      1201 Un Ave

      SHOPPING CENTER, STRIP CENTER • 5,923 SF
      1201 Un Ave, Tacoma, WA 98405-1916
      View Details
    • Value Estimation by Request
      40,040 SF

      3330 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 40,040 SF
      3330 23rd St, Tacoma, WA 98405-1603
      View Details
    • Value Estimation by Request
      39,600 SF

      1965 Un Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 39,600 SF
      1965 Un Ave, Tacoma, WA 98405-1017
      View Details
    • Value Estimation
      $1,340,000
      61,947 SF

      4505 19th St

      WHOLESALE OUTLET, DISCOUNT STORE • 61,947 SF
      4505 19th St, Tacoma, WA 98405-1183
      View Details

    Similar Nearby for Sale

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      Centrally Located Parking Lot Opportunity

      Parking lot near courthouse with residential development potential.
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      Established Business and Property Package

      Commercial property with established business, high-visibility, and strong income potential.
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      Established Starbucks location with lease in place until 2028.
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    Similar Nearby for Lease

    • $16 SF/Yr
      61,484 SF

      Tacoma Retail Space Available

      Retail property available for lease in Tacoma, Washington.
      3130 S 23Rd St, Tacoma, WA 98405
      View Details
    • $24 SF/Yr
      1,550 SF

      Retail Space Available For Lease

      1550 SF retail space available for lease.
      1201 S Union Ave, Tacoma, WA 98405
      View Details
    • Contact for pricing
      1,365 SF

      Retail Space Available For Rent

      Retail space available for rent in a commercial district.
      4505 S 19Th St, Tacoma, WA 98405
      View Details
    • $32 SF/Yr
      4,419 SF

      Retail Space in Apartment Development

      Ground floor retail space in a 289-unit apartment development.
      1023 Martin Luther King Jr Way, Tacoma, WA 98405
      View Details
    • $2,500 /Mo
      1,120 SF

      Former C Store Retail Space

      1,120 SF former convenience store on a 13,104 SF lot.
      2501 S 12Th St, Tacoma, WA 98405
      View Details
    • $18 SF/Yr
      2,465 SF

      Retail Space Near Tacoma College

      Retail space with high visibility and ample parking.
      6704-6830 S 19Th St, Tacoma, WA 98405
      View Details

    Property Visit Statistics

    • Visits by month
      15.3k
    • Visitors by month
      8.4k
    • Avg Time on site
      6 min
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    Tacoma, WA 98405-3970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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