Property profile

722 Broadway Tacoma, WA 98402

OFF-MARKET
Parking lots & garages
Property ID
US90-0503827
27,000 SF 0.21 ac lot Built 1919
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property comprises two buildings: a four-story mixed office and retail building totaling 24,000 square feet, and a three-story parking garage totaling 27,000 square feet. The parking garage includes 62 parking stalls, four storage spaces, and an enclosed warehouse area. Both buildings underwent renovations in 2021.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1919
Construction CONCRETE
Total area 27,000 SF
Lot 0.21 ac (9,000 SF)
Zoning code DCC
APN 2007060060
UPID US90-0503827

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Building

Location

722 Broadway Tacoma, WA 98402
Tacoma metro Census 61601 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$655k

Owner & transaction history

since 2017
4 recorded transactions
2017
$3.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DCC · Tacoma, WA
Zoning description

same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise,…

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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