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    3906 74Th St, Unit Tacoma Tacoma, WA 98409

    For Sale
    $3,575,000

    Well-located office building with high visibility and strong tenancy.

    Property size:
    22,291 SF

    Property Features for 3906 74Th St

    General Information

    Standard status
    Active
    Size
    22,291 SF

    Building Details

    Year built
    1995

    Source: MARCUS & MILLICHAP, INC. Agent MATTHEW HERMAN

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

    Overview

    Established Tacoma Office Asset

    Located in Tacoma, the 74th Street Plaza is a 22,291-square-foot office building comprised of 11 suites. Situated at the corner of South 74th Street and South Madison Street, the property benefits from high visibility and access, with daily traffic counts exceeding 23,000 vehicles. The property features recent suite renovations and convenient access to I-5. One of the suites offers 6,488 square feet of vacancy. The property has a parking ratio of 7.58/1,000 SF, supported by 169 dedicated stalls. The property generates $168,787 of annual net operating income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Ferran University ... Computer Training School Farmers Insurance - Ilya ... Life Insurance Agency Amy Harrison # 118904 Mortgage Broker Barb Rock LLC Religious Organization Café Elite Coffee Stand

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4891753
    Latitude
    47.189917

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    FAQs

    What type of property is this?
    Office building - Well-located office building with high visibility and strong tenancy.
    Where is this office building located?
    The property is located at 3906 74Th St, Unit Tacoma Tacoma, WA.
    What is the asking price?
    The asking price for this property is $3,575,000.
    What are key features of this property?
    This property features: - High visibility location at the corner of S 74th St and S Madison St with high traffic count (over 23,000 vehicles daily).; - Strong in-place tenancy generates $168,787 of annual net operating income.; - Includes a 6,488-square-foot vacancy ideal for an owner-occupant.
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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
    3906 74Th St, Unit Tacoma Tacoma, WA 98409
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