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Multi-Story Office Building with Parking
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15 Oregon Ave, Tacoma, WA 98409

Four-story Tacoma office building with surface parking, 24-hour access, and suites available in a UCX zone near I-5.

Space Size1,035 SF
Lot Size1.22 Acres
Days on Market65

Property Features for 15 Oregon Ave

General Information

Standard status Active
Size 1,035 SF
Class B
Total Parking Spaces 107
Lot size 1.22 Acres
Property subtype OFFICE
Zoning UCX-STGPD
Lease Type NNN

Site & Location

Traffic Count 20,000 vehicles/day
Highway Access Yes

Additional Details

Clear Height 9 ft

Amenities

24-hour access
signage
conference rooms

Building Details

Year Built 1981
Year Renovated 2000
Stories 4
Tenancy Multi

Spaces For Lease

at 15 Oregon Ave Contact us

Central Office Building $14 – $18/SF/Yr

Size
1,035 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Now Leasing: Prime Professional Office Space in Central Tacoma Unlock the potential...
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Listing Agency: Keller Williams Realty Tacoma
Listed By: Michael Armanious, CCIM
Source: Moodyscre
Added: Jul 6 Changed: Aug 8 Last Checked: Jul 24 at 2:32AM

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 Keller Williams Realty Tacoma

Investment Insights

Based on property information with market context.

This well-maintained, four-story office building was constructed in 1981 and refreshed in 2000. Offering approximately 34,500 SF total, the property features typical floor plates of about 8,625 SF and ceiling heights around 9 feet. Available suites include Suite 202 (~1,625 SF), Suite 308 (~2,475 SF), Suite 100 (~927 SF), Suite 105 (~436 SF), Suite L1 (~480 SF), and Suite L4A (~1,035 SF). The building also provides 24-hour access and signage.

Located at 15 S Oregon Ave in Central Tacoma, the property is just off the I-5 and 38th Street interchange, with access to both I-5 and SR-16. Remarks note more than 20,000 vehicles passing daily along the 38th Street corridor, plus nearby Pierce Transit bus routes. The surrounding area includes major retailers such as Costco and Lowe’s, along with the Tacoma Mall.

The site includes approximately 1.22 acres and 106–107 surface parking spaces. The property is described as zoned UCX–STGPD, and suites are offered on a NNN basis with a stated rate range of $14–$18/SF/year.

Key Highlights

  • 4‑story office building with approx. 34,500 SF total and typical floor plates of ~8,625 SF
  • Available suites: ~1,625 SF (Suite 202), ~2,475 SF (Suite 308), ~927 SF (Suite 100), ~436 SF (Suite 105), ~480 SF (Suite L1), ~1,035 SF (Suite L4A)
  • Constructed in 1981 and refreshed in 2000; Class B office asset with ~9' ceiling height

Property Analytics

Current Use

Thrifty Automobile Insurance Marketing & Advertising Sea Tac Distribution Home Appliance Store Jeffrey Scott McKenzie, ... Big Box & Wholesale Store Pinnacle Peak Institute ... Social Service Agency Bright Smile Dental Dental Office

Suggested Use

Top Pick Hotel & Motel Storage Facility Carpet & Flooring Store Parking Lot & Garage Butcher Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height
20,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,372
Businesses Nearby

Demographics for 98409, WA

27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$24.2 /SF/Yr
Avg Asking Price
$16–$30 /SF/Yr
Price Range
15,492 SF
Avg Space Size

This space is priced 42% below the average of $24.2 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Four-story Tacoma office building with surface parking, 24-hour access, and suites available in a UCX zone near I-5.
Where is this office building located?
The property is located at 15 Oregon Ave Tacoma, WA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 4‑story office building with approx. 34,500 SF total and typical floor plates of ~8,625 SF; Available suites: ~1,625 SF (Suite 202), ~2,475 SF (Suite 308), ~927 SF (Suite 100), ~436 SF (Suite 105), ~480 SF (Suite L1), ~1,035 SF (Suite L4A); Constructed in 1981 and refreshed in 2000; Class B office asset with ~9' ceiling height
(253) 988-6115 Call to check price and availability
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