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    1015 A St Tacoma, WA 98402

    For Sale
    $16,000,000

    173,022 SF Office Building, Multifamily Potential

    Property size:
    173,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    The TrueBlue Building, a twelve-story, 173,022 square foot office building located at 1015 A St, Tacoma, WA 98402, is offered for sale at $16,000,000. Built in 1910, this property presents a unique investment opportunity in the heart of Downtown Tacoma's Opportunity Zone. The building's impressive size and prime location offer significant potential for future development. An adjacent parking garage provides 294 parking stalls, a valuable asset for tenants or future residents. The existing office space provides substantial income potential, while the building's zoning allows for a multifamily conversion project, capitalizing on the growing demand for residential units in the vibrant Downtown Tacoma core. The price per square foot is $92.47. This property is situated in Pierce County and offers a compelling blend of established income and exciting redevelopment possibilities. The building's history and location combine to create a rare opportunity for investors seeking a high-impact project in a thriving urban environment. The substantial square footage and ample parking make this a truly exceptional offering.

    Property Features for 1015 A St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    173,022 SF

    Building Details

    Year Built
    1910
    Stories
    12

    HighLights

    • 12‑story, 173,022 SF office building in Downtown Tacoma's Opportunity Zone.
    • Offered for sale at $16,000,000 ($92.47/SF).
    • Built in 1910, with significant redevelopment potential.
    • Adjacent 294‑stall parking garage.
    • Existing office space provides substantial income; zoning allows for multifamily conversion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Terry Pemberton - Banner ... Mortgage Lender Tram Bowen - Banner ... Mortgage Lender Meghan Parsons Banner ... Mortgage Lender Kyle Millsap - Banner ... Mortgage Lender Simos Insourcing Solutions Employment Agency

    Suggested Use

    Realty agency Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Daycare Center Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.436809
    Latitude
    47.2538354

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    FAQs

    What type of property is this?
    Office Property / Space - 173,022 SF Office Building, Multifamily Potential
    Where is this office property / space located?
    The property is located at 1015 A St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $16,000,000.
    What are key features of this property?
    This property features: 12-story, 173,022 SF office building in Downtown Tacoma's Opportunity Zone.; Offered for sale at $16,000,000 ($92.47/SF).; Built in 1910, with significant redevelopment potential.
    (253) 779-2400
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    1015 A St 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
    1015 A St Tacoma, WA 98402
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