Property profile

2302 Martin Luther King Jr Way Tacoma, WA 98405

OFF-MARKET
Industrial land
Property ID
US90-1603178
0.03 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.03 ac (1,308 SF)
Zoning code C1
APN 7685003963
UPID US90-1603178

Cap rate & NOI

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

Location

2302 Martin Luther King Jr Way Tacoma, WA 98405-3840
Tacoma metro Census 61700 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2022
Price N/A
2011
$1,665
2004
Price N/A

Zoning & alternative use

C1 · Tacoma, WA
Zoning description

C-1: General Neighborhood Commercial District The C-1 District contains low-intensity, smaller-scale land uses such as retail, office, and service uses. All uses permitted in the Transitional District are also permitted…

General category COMMERCIAL

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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