Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Building with Office Space Title is generated by Realmo AI

    1102 Puyallup Ave, Tacoma, WA 98421

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    11,329 SF building with office space available 05/01/2026.

    Type:Industrial
    Property size:
    11,329 SF
    Added:
    Mar 4, 2026
    Days on Market:
    74
    Last Refresh:
    Apr 5 at 9:45 pm

    Property Features for 1102 Puyallup Ave

    General Information

    Standard status
    Active
    Size
    11,329 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2026

    Spaces For Lease

    at 1102 Puyallup Ave Contact us

    We can help!

    Listing Contact
    Justin Froelich
    Justin Froelich

    Listing agent Justin Froelich

    Listing office Lee & Associates Commercial Real Estate Services

    Listing date Mar 4, 2026

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services

    HighLights

    • Direct access to I‑5, SR 509, and Downtown Tacoma.
    • New construction completed Q2 2026.
    • 11,329 SF building adaptable for up to two tenants.
    • Two 16'x16' ramped roll‑up doors.
    • 8

    Overview

    The property is an 11,329 square foot building featuring an open floor plan office space on the first and second floors. Each office area includes one restroom, with an additional two warehouse restrooms, totaling six restrooms. The building can accommodate up to two tenants. Construction is anticipated to be completed in Q2 2026. It features direct access to I-5 at Portland Avenue, SR 509 at Portland Avenue, and Downtown Tacoma from Puyallup Avenue. The property includes two 16'x16' ramped roll-up doors. The two-story office space allows for further subdivision of large offices. Up to 10 parking stalls are available. The building has a clear height ranging from 20'6" to 23'7". It is equipped with 800 amps, 3-phase power. The property will be available starting 05/01/2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Micro Chip Auto ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • SCS Refrigerated Services — 2302 Milwaukee Way, Tacoma, WA 98421, United States
    • Resolute storage — 1624 E 32nd St, Tacoma, WA 98404
    • Self Storage — 620 e 26th st, tacoma, wa 98421
    • Tacoma Container Storage — 2323 E Q St, Tacoma, WA 98421
    • Lineage — 2302 Milwaukee Way, Tacoma, WA 98421

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.418
    Latitude
    47.2415

    Nearby Similar for Lease

    • Sponsored
      $129-$6,733/Mo
      11-1,292 SF

      Downtown Pacific Avenue

      1201 Pacific Ave, Unit 6TH, Tacoma, WA 98402
      View Details
    • $23 SF/Yr
      12,000 SF

      Downtown Tacoma Building with Parking

      12,005 SF building available for lease in downtown Tacoma.
      2111 Pacific Ave, Tacoma, WA 98402
      View Details
    • $26 SF/Yr
      6,560 SF

      Historic Office Space in Tacoma

      Classic office space with views, parking, and retail amenities.
      621 Pacific Avenue, Tacoma, WA 98402
      View Details
    • $17 SF/Yr
      6,284 SF

      Former Bank Building with Mezzanine

      Former bank building featuring high ceilings and drive-through lanes.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $30 SF/Yr
      1,946 SF

      Tacoma CBD Office Space Available

      Office space in Tacoma CBD with updated amenities and parking.
      950 Pacific Ave, Tacoma, WA
      View Details
    • $15,217/Mo
      8,300 SF

      First Floor Office Space Available

      First floor office space with elevator access and ample parking.
      714 27th St, Tacoma, WA 98409
      View Details
    • $8,278/Mo
      4,515 SF

      Downtown Tacoma Retail/Office Space

      Turn-key retail/office space in downtown Tacoma's restaurant row.
      1122 Broadway, Tacoma, WA 98402
      View Details
    • $4,010/Mo
      1,375 SF

      Downtown Tacoma Office Space Available

      Office space for lease in downtown Tacoma's Rhodes Center.
      950 Broadway, Tacoma, WA 98402
      View Details
    • $6,600/Mo
      3,600 SF

      Tacoma Retail Space For Rent

      Retail space in high-traffic Tacoma corridor near landmarks.
      1944 Pacific Ave, Tacoma, WA 98402
      View Details
    • $18,278/Mo
      9,139 SF

      Downtown Tacoma Class A Office

      Class A office space in the heart of Downtown Tacoma.
      909 A St, Tacoma, WA 98402
      View Details
    • $26,150 SF/Yr
      10,460 SF

      Historic Building with Flexible Spaces

      Renovated historic building offering retail, restaurant, and office spaces.
      625 Commerce St, Tacoma, WA 98402
      View Details
    • $2,540/Mo
      1,016 SF

      Historic Building with Flexible Spaces

      Renovated historic building offering restaurant, retail, and office spaces.
      625 Commerce St, Tacoma, WA 98402
      View Details

    FAQs

    What type of property is this?
    Warehouse - 11,329 SF building with office space available 05/01/2026.
    Where is this warehouse located?
    The property is located at 1102 Puyallup Ave Tacoma, WA.
    What are key features of this property?
    This property features: Direct access to I‑5, SR 509, and Downtown Tacoma.; New construction completed Q2 2026.; 11,329 SF building adaptable for up to two tenants.
    (253) 238-0047
    We can help!
    Listing Contact
    Justin Froelich
    Justin Froelich
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1102 Puyallup Ave, Tacoma, WA 98421
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!