Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2413 Pacific Ave Tacoma, WA 98402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9,515 /Mo ($18 SF/Yr)

    Newly renovated retail/office spaces available near I-5 and UW Tacoma.

    Property size:
    6,343 SF
    Lot size:
    6,343 SF

    Property Features for 2413 Pacific Ave

    General Information

    Standard status
    Active
    Size
    6,343 SF

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Laura Fox
    Source: Corcoran

    Listing Agency: KIDDER MATHEWS Listing Agent: Laura Fox

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

    Learn more

    Overview

    Renovated Retail/Office Space Available

    This newly renovated building offers first-floor spaces ranging from 1,350 to 4,460 square feet. The spaces can be combined to create a 5,791-square-foot area. Situated just off I-5 and near the University of Washington Tacoma on the light rail line, the location is suitable for retail or office use, and the owner is open to various business types. One space, previously a 1,334-square-foot law office, is move-in ready. The property's total size is 6,343 square feet.
    Location Intelligence

    Current Use by Public Records

    Social Security Administration ... Government Office Social Security Disability-Joanne ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.434931
    Latitude
    47.2393703

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Downtown Pacific Avenue

      Workspaces, services and support to help you work better in Miami Airport
      1201 Pacific Ave, Tacoma, WA 98402
      View Details
    • $872 /Mo
      299 SF

      Tacoma CBD Office Space Available

      Office space for rent in the heart of Tacoma.
      950 Pacific Ave, 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
    • $35 SF/Yr
      2,870 SF

      Downtown Tacoma Office Space Available

      Office space for lease in downtown Tacoma 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
    • $4,726 /Mo
      2,578 SF

      Downtown Tacoma Retail Space Available

      Retail space with high ceilings and abundant natural light.
      913 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $1,833 /Mo
      1,000 SF

      Downtown Tacoma Retail Space Available

      Retail space in downtown Tacoma with high pedestrian exposure.
      913 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $1,773 /Mo
      1,064 SF

      Downtown Tacoma Retail Space Available

      Retail space in downtown Tacoma with high pedestrian exposure.
      913 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $4,763 /Mo
      2,598 SF

      Downtown Tacoma Retail Space Available

      Retail space in downtown Tacoma with high pedestrian exposure.
      913 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $9,992 /Mo
      5,450 SF

      Downtown Tacoma Retail Space Available

      Retail space in downtown Tacoma with high ceilings and natural light.
      913 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $515 /Mo
      206 SF

      Tacoma Mall Adjacent Office Building

      Seven-story office building near Tacoma Mall with easy highway access.
      4301 Pine St, Tacoma, WA 98409
      View Details
    • $2,743 /Mo
      2,438 SF

      Retail and Office Space Available

      Retail and office spaces for rent near Tacoma Community College.
      1610 Mildred St, Tacoma, WA 98465
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated retail/office spaces available near I-5 and UW Tacoma.
    Where is this office units located?
    The property is located at 2413 Pacific Ave Tacoma, WA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location just off I-5 and near UW Tacoma on the light rail line.; - Newly renovated building.; - Flexible space options from 1,350 SF - 4,460 SF, or a combined 5,791 SF.
    (253) 722-1441
    Request Owner's contact information
    2413 Pacific Ave Tacoma, WA 98402
    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.
    2413 Pacific Ave
    Tacoma, WA 98402
    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
    2413 Pacific Ave Tacoma, WA 98402
    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

    We can help!
    Listing Contact
    Laura Fox
    (253) 722-1441 (253) 722-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!