3230 Narrows Dr Tacoma, WA 98407
This exceptional 46.32-acre parcel in Tacoma, Washington, presents a unique opportunity for high-end residential development. Located at 3230 N Narrows Dr, 98407, in Pierce County, this property is zoned for residential use and boasts a pre-approved plan for a 62-lot gated community. The preliminary plat, SEPA, site plan, grading plan, and all geotechnical studies are complete, significantly streamlining the development process. The lots offer a mix of partial and complete views, catering to a diverse range of buyers. Access to all major utilities is readily available, ensuring seamless infrastructure integration. The property's location within an active community, close to a community center, adds to its appeal and potential for strong market demand. The asking price for this prime development land is $7,900,000. This is an exceptional opportunity to capitalize on the thriving Tacoma real estate market and create a prestigious residential community. The property's comprehensive planning and readily available utilities make it an attractive investment for developers seeking a streamlined and efficient project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.