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Three-Story Office Building with Private Entrances
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2914 S Alder St, Tacoma, WA 98409

Three-story office building with private floor entrances, ample on-site parking, and strong visibility along Highway 16.

Space SizeContact for details
Property Size8,047 SF
Days on Market98

Property Features for 2914 S Alder St

General Information

Standard status Active
Size 8,047 SF
Property subtype OFFICE
Lease Type SF/yr

Spaces For Lease

at 2914 S Alder St Contact us

AMG Building $28/SF/Yr

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Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Moodyscre
Added: May 1 Changed: Jul 31 Last Checked: Aug 5 at 5:41AM

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

Investment Insights

Based on property information with market context.

This well-maintained, three-story office building offers flexible space for owner-users or investors, with an interior described as modern and professional. The building can be leased to a single tenant or divided by floor, and each level has its own private entrance to support efficient multi-tenant configurations. There is no elevator, though an elevator shaft is present for potential future use.

The property includes ample on-site parking and benefits from strong visibility along Highway 16, supporting exposure and signage potential. The layout is described as practical across all floors.

The seller is open to a lease-back of the second or third floor, offering an option for in-place occupancy if structured that way.

Key Highlights

  • Well‑maintained three‑story office building
  • 8,047 SF total office space
  • Single‑tenant lease or divide by floor with a private entrance for each level

Property Analytics

Current Use

William KM Shields, ... Ophthalmologist Zaidi Ali a MD Ophthalmologist Dr. Judith Oh Physician Sandra Chern Ophthalmologist Dr. Fayssal El-Jabali Ophthalmologist

Suggested Use

Top Pick Hair Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service 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

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

891
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

$22.9 /SF/Yr
Avg Asking Price
$1.6–$32 /SF/Yr
Price Range
13,826 SF
Avg Space Size

This space is priced 22% above the average of $22.9 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building with private floor entrances, ample on-site parking, and strong visibility along Highway 16.
Where is this office building located?
The property is located at 2914 S Alder St Tacoma, WA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Well‑maintained three‑story office building; 8,047 SF total office space; Single‑tenant lease or divide by floor with a private entrance for each level
(253) 238-0044 Call to check price and availability
More about this property
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