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    721 Pacific Ave Tacoma, WA 98402

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    For Lease
    $12 SF/Yr ($5,500 /Mo)

    Unique office space in downtown Tacoma with 15 offices.

    Property size:
    5,500 SF
    Lot size:
    0.14 Acres

    Property Features for 721 Pacific Ave

    General Information

    Size
    5,500 SF
    Lot size
    0.14 Acres

    Source: Kidder Mathews Agent Joel Shabel

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

    Overview

    Downtown Tacoma Office Space

    Located above the Matador in downtown Tacoma, this office space features unique finishes and a functional floor plan. The layout includes 15 offices, a large conference room, a large bullpen area, and a large kitchen/breakroom. The building has seismic upgrades. Ample street and alley parking is available, with four parking garages/lots within walking distance. The property encompasses 5500 square feet. The tax ID is 2007030050. The intended use of the property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matador Tacoma Mexican Restaurant

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4390581
    Latitude
    47.2566664

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    FAQs

    What type of property is this?
    Office space - Unique office space in downtown Tacoma with 15 offices.
    Where is this office space located?
    The property is located at 721 Pacific Ave Tacoma, WA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Great location in downtown Tacoma above the Matador.; - Unique finishes.; - Large conference room.
    (253) 722-1406
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    721 Pacific Ave Tacoma, WA 98402
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    Realmo Value Estimation

    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.

    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.

    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
    721 Pacific Ave Tacoma, WA 98402
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