2120 48thTacoma, WA 98409

  • Hospitality properties
  • 49,360 SF
Off market
$10,226,900 Estimated

Property Details for 2120 48th

Year built
1998
Construction
WOOD FRAME
Lot size
2.37 AC
Property size (Sq ft)
49,360 SF
Zone code
UCX
Property type
Hospitality properties
Property subtype
Motels
APN
2320000262
APU
2320000262

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,171,255
    6.5%
    $14,004,235
    7%
    $13,003,933
  • Comparable approach

    Method
    Valuation
    Relative Method
    $31,105,946
    Geo Method
    $22,338,510
  • Alternative Use

    Use
    Valuation
    Residential
    $15,288,556
    Hospitality
    $14,004,235
    Educational
    $11,651,359
    Medical
    $12,052,067
    Retail
    $18,124,336
2120 48th, Tacoma, Washington

Location Insight

City
Tacoma
County
Pierce
State
Washington
Latitude
47.2129
Longitude
-122.465
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$113,601
$2,400,600
$7,826,300
$10,226,900
-
$2,400,600
$7,826,300
$10,226,900

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