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    1614 Mildred St Tacoma, WA 98465

    Sponsored
    For Lease
    $14 SF/Yr

    Tacoma Office/Retail Complex - Multiple Suites Available

    Lot size:
    53,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    James Center North, a multi-tenant commercial property in Pierce County, offers a unique investment opportunity. This Class B complex, totaling 53,500 square feet, comprises four buildings with sixteen suites across two stories, built in 1983 and renovated in 2001. Currently, 14,121 square feet of space is available for lease, with individual suites ranging from 1,875 to 7,864 square feet, ideal for a variety of retail and office uses. The property sits on a substantial 6.92-acre lot (301,321 square feet) and benefits from ample parking with 88 spaces. Its strategic location offers excellent visibility and accessibility, situated directly across from Tacoma Community College and adjacent to the Fred Meyer Center, ensuring high foot traffic and convenient access to Highway 16. The CCX zoning allows for diverse commercial uses. The property boasts good signage opportunities and benefits from a strong mix of retail and office co-tenancy. The four separate APNs are 0220038022, 0220038018, 0220038019, 0220038021, and 0220338020. This well-positioned property presents a compelling opportunity for businesses seeking a prominent location in a thriving Tacoma area.

    Property Features for 1614 Mildred St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,500 SF
    Class
    B
    Total Rate
    62416.67

    Building Details

    Year Built/Renovated
    1983/2001
    Buildings
    4
    Stories
    2

    Unit(s) available at that property

    Space
    1610
    Size
    7,864 SF
    Rate per SF
    $14
    Space
    1620-4
    Size
    1,875 SF
    Rate per SF
    $18
    Space
    1614-A
    Size
    2,249 SF
    Rate per SF
    $14

    HighLights

    • 53,500 SF multi‑tenant office and retail building in Pierce County.
    • 16 suites totaling 53,500 square feet, with 14,121 square feet currently vacant.
    • Four buildings on a 6.92‑acre lot (301,321 sq ft), constructed in 1983 and renovated in 2001.
    • Class B property with 88 parking spaces and CCX zoning.
    • Excellent location across from Tacoma Community College, near Fred Meyer, and blocks from Hwy 16, offering strong signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    YMCA Child Care Non-Profit Organization Wendy L. Huntington, ... Marriage Or Relationship Counselor Sylvan Learning of Tacoma Tutoring Service Allen Wellness Center Mental Health Clinic Lilac Learning Center ... Special Education School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -122.52640642
    Latitude
    47.24581629

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    FAQs

    What type of property is this?
    Restaurant - Tacoma Office/Retail Complex - Multiple Suites Available
    Where is this restaurant located?
    The property is located at 1614 Mildred St Tacoma, WA.
    What is the lease rate?
    The lease rate is $14-$18 SF/Yr.
    What are key features of this property?
    This property features: 53,500 SF multi-tenant office and retail building in Pierce County.; 16 suites totaling 53,500 square feet, with 14,121 square feet currently vacant.; Four buildings on a 6.92-acre lot (301,321 sq ft), constructed in 1983 and renovated in 2001.
    Request Owner's contact information
    1614 Mildred St Tacoma, WA 98465
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    Tacoma, WA 98465
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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
    1614 Mildred St Tacoma, WA 98465
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