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    1301-1305 Tacoma Ave Tacoma, WA 98402

    Sponsored
    For Sale
    $13,000,000

    Prime Tacoma Office, 153,600 SF

    Property size:
    153,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 153,600 square foot Class B executive office building, situated on a 1.55-acre lot in Tacoma, WA (98402), presents a compelling investment opportunity. Built in phases between 1960 and 1980, this three-story building features 116,340 square feet of net rentable space, priced at $84.64 per square foot for a total asking price of $13,000,000. The property boasts ample parking with 380 spaces, conveniently located near downtown amenities and public transit. Its location within the Downtown Residential District zoning allows for diverse redevelopment possibilities. The building offers significant flexibility with six entrances and the largest floor plates in Tacoma, providing unparalleled adaptability for various uses. Historically occupied by government tenants, ensuring a stable rental history, new leases are currently under negotiation for vacant portions. This presents a unique opportunity for an owner-user, value-add buyer, or developer seeking to repurpose the unleased space. The property's address is 1301-1305 Tacoma Avenue S, with APN 2013110013 & 2013110020. The substantial size and prime location make this a highly attractive investment.

    Property Features for 1301-1305 Tacoma Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    153,600 SF
    Class
    B
    Lot Size
    67,518 SF

    Building Details

    Year Built
    1960
    Stories
    3

    HighLights

    • $13,000,000 asking price for this Tacoma, WA office building.
    • 153,600 square feet, Class B office building with 116,340 square feet of net rentable space.
    • $84.64 per square foot price.
    • Built in 1960/1980, three‑story building on a 1.55‑acre lot in the Downtown Residential District.
    • 380 parking spaces available.
    • Located at 1301‑1305 Tacoma Avenue S, Tacoma, WA 98402 (APN: 2013110013 & 2013110020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    -122.443328
    Latitude
    47.2501109

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Tacoma Office, 153,600 SF
    Where is this office property / space located?
    The property is located at 1301-1305 Tacoma Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $13,000,000.
    What are key features of this property?
    This property features: $13,000,000 asking price for this Tacoma, WA office building.; 153,600 square feet, Class B office building with 116,340 square feet of net rentable space.; $84.64 per square foot price.
    Request Owner's contact information
    1301-1305 Tacoma 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
    1301-1305 Tacoma Ave Tacoma, WA 98402
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