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    3519 112Th St E Tacoma, WA 98446
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    3519 112Th St E, Tacoma, WA 98446

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    • Commercial real estate
    • 2.06 lot acres
    For Sale
    $1,350,000
    View Listing →
    Industrial Land Parcel For Sale For Sale
    $1,350,000
    89,734 SF

    Industrial Land Parcel For Sale

    2.06 acre industrial land parcel in Employment Corridor.

    3519 112th St E, Tacoma, WA 98446
    View Listing
    Property ID
    US90-1122388
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3519 112Th St E

    Lot size
    2.06 lot acres
    Property type
    Commercial real estate
    APN
    031902-4-009

    Description

    This exceptional 2.06-acre vacant industrial land parcel presents a unique investment opportunity in Tacoma, Washington. Located at 3519 112th St E, this property is zoned ECOR (Employment Corridor), allowing for a variety of job-creating industrial, office, and business service uses, as permitted by Pierce County. The site's strategic location between Vickery and Waller Roads offers excellent accessibility and visibility. Significant pre-development work has already been completed, including a geotechnical engineering report, survey, wetlands study, and landscape architectural plan, all available upon request. These comprehensive reports streamline the development process, minimizing potential delays and uncertainties. The property's 2.06-acre size provides ample space for the construction of a warehouse or a stand-alone commercial building, making it ideal for various business ventures. The parcel number is 031902-4-009. This prime industrial land is offered for sale at $1,350,000, presenting a compelling opportunity for investors and developers seeking a well-positioned site in a thriving Tacoma location. The property's zip code is 98446.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.381098
    Latitude
    47.1553343

    Comparable in this City

    • $995,000

      Machine Shop with Live/Work Potential

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    • $1,350,000
      89,734 SF

      Industrial Land Parcel For Sale

      2.06 acre industrial land parcel in Employment Corridor.
      3519 112Th St E, Tacoma, WA 98446
      View Details
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      5.8+ Acres Zoned CE Land

      Prime location with easy highway access and multiple uses.
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    Similar Nearby for Sale

    • $995,000

      Machine Shop with Live/Work Potential

      Operating machine shop with office, storage, and living space.
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      View Details
    • $1,350,000
      89,734 SF

      Industrial Land Parcel For Sale

      2.06 acre industrial land parcel in Employment Corridor.
      3519 112Th St E, Tacoma, WA 98446
      View Details
    • Contact for pricing

      5.8+ Acres Zoned CE Land

      Prime location with easy highway access and multiple uses.
      4810 112Th St E, Tacoma, WA 98446
      View Details
    • Contact for pricing

      1.35 Acres Versatile Tacoma Land

      1.35 acres zoned RSep with potential for residential/commercial use.
      5021 128Th St E, Tacoma, WA 98446
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    • $3,900,000

      Apartment Site Near Frederickson Center

      Apartment site with potential for 125 units near town center.
      17521 50Th Avenue Ct E, Tacoma, WA 98446
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      Corner Lot in Fredrickson

      1.53 acre corner lot in Fredrickson with development potential.
      7301 176Th St E, Tacoma, WA 98446
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    Similar Nearby for Lease

    • $5,245 /Mo
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      Versatile Commercial Space in Tacoma

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      303,866 SF

      Warehouse Space in Tacoma, WA

      303,866 SF warehouse with 36' clear height available for lease.
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      2,248 SF

      Prime Tacoma Commercial Space Available

      Versatile commercial suite with offices, kitchen, and fenced yard.
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    • $8,100 /Mo
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      New Construction Flex Space Available

      New construction flex space featuring office and warehouse components.
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    View Listing
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    Tacoma, WA 98446
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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