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Property profile & analytics
OFF-MARKET
Commercial real estate

3230 Narrows Dr Tacoma, WA 98407

46.32 ac lot
Property ID
US90-2671898
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 46.32 ac (2,017,699 SF)
UPID US90-2671898
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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