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    8801 Tacoma Way Tacoma, WA 98499

    Sponsored
    For Sale
    $2,450,000

    Iconic bank building, high visibility, ample parking.

    Property size:
    6,284 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 8801 S Tacoma Way in Tacoma, Washington, presents a unique investment opportunity. The 6,284 square foot building, constructed in 1970 and renovated in 1985, is classified as a Class B office and retail space. The two-story structure sits on a corner lot in a C2 zoned area, offering high visibility and accessibility. Key features include a prominent pylon sign, a covered two-lane drive-thru, and abundant parking. The interior boasts a spacious, open main floor lobby, three separate offices, and a mezzanine level featuring a large glass conference room. The building's history as a bank is evident in the presence of a large, functional vault. In addition to the main floor and mezzanine, there is over 4,000 square feet of basement storage space. This property is ideally suited for a bank, credit union, or other businesses requiring high visibility and ample space. The building's location on a signalized intersection ensures high traffic exposure. The asking price is $2,450,000. This is a rare opportunity to acquire a well-maintained, iconic building in a prime Tacoma location.

    Property Features for 8801 Tacoma Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,284 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1970/1985
    Buildings
    1
    Stories
    2

    HighLights

    • Bank or Credit Union permitted.
    • Corner location on signalized intersection, ensuring high visibility.
    • Spacious, open main floor lobby.
    • Three separate main floor offices.
    • Mezzanine level with large glass conference room.
    • Two double‑door entries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon 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
    -122.483219
    Latitude
    47.1772203

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    FAQs

    What type of property is this?
    Individual retail property - Iconic bank building, high visibility, ample parking.
    Where is this individual retail property located?
    The property is located at 8801 Tacoma Way Tacoma, WA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Bank or Credit Union permitted.; Corner location on signalized intersection, ensuring high visibility.; Spacious, open main floor lobby.
    Request Owner's contact information
    8801 Tacoma Way Tacoma, WA 98499
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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
    8801 Tacoma Way Tacoma, WA 98499
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