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Property profile & analytics
FOR LEASE
Office Spaces

902 South 10Th St Tacoma, WA 98405

7,552 SF 0.22 ac lot Built 1972
Individually Owned ~ Est. High Equity
Property ID
US90-0895908
902 South 10Th St, Tacoma, WA 98405 For Lease
$1,585,000 7,552 SF available
902 South 10Th St, Tacoma, WA 98405
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Property summary
AI-generated overview

This exceptional 0.15-acre vacant land parcel presents a remarkable investment opportunity in the heart of downtown Tacoma, Washington. Located at 902 S 10th St, 98405, this property is zoned Tacoma-RCX Residential Commercial Mixed-Use, offering unparalleled flexibility for a diverse range of development projects. The site's central location ensures high visibility and accessibility, making it ideal for a variety of uses. Potential projects could include the construction of single-family homes, multi-family residential buildings, or commercial ventures. The property's flat topography simplifies development, minimizing site preparation costs. Given its prime location and flexible zoning, this land is perfectly positioned to capitalize on Tacoma's thriving urban environment. The asking price is $1,000,000. This is a unique chance to acquire a highly desirable piece of land in a rapidly growing area, offering significant potential for substantial returns. The property's 0.15-acre size provides ample space for a variety of development plans, while its central location ensures easy access to local amenities and transportation networks. Don't miss this chance to shape the future of downtown Tacoma.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1972
Construction WOOD FRAME
Total area 7,552 SF
Lot 0.22 ac (9,750 SF)
Zoning code R5
APN 2010180011
UPID US90-0895908
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
Current use
Occupant on record · Public records
  • Corey Barbara Law Firm
  • Beverly Grant Law Firm P.S. Law Firm
  • Sync Garage Door Repair General Contractor
  • Hendry Law Law Firm
  • Burns Dennis Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.61M
Comparable Approach Comparable
$1.86M
Blend (final) Blend
$1.59M
Owner & transaction history
Stephen K Causseaux
Stephen K Causseaux
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R5 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.3M +36.2%
Warehouse, storage $2.3M +35.1%
Medical building $1.9M +10.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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