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    1101 Pacific Ave Tacoma, WA 98402

    For Lease
    $21 SF/Yr

    Class B Office Building, 105,000 sqft

    Lot size:
    105,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional four-story Class B office building, situated at 1101-1111 Pacific Ave in Tacoma, WA, offers a prime location in the heart of the city's business district. Built in 1918 and renovated in 1985, the 105,000 square foot property boasts a blend of historical charm and modern functionality. The building features multiple tenancies, with a minimum divisible space of 1,831 square feet and a maximum contiguous space of 7,753 square feet. Currently, 11,495 square feet of space is available. The property sits on a 0.48-acre lot and is zoned DCC. Conveniently located near the Hotel Murano, Marriott Hotel, Tacoma Convention Center, YMCA, and Link Light Rail, this building provides unparalleled access to amenities and transportation. With its impressive size, flexible space options, and desirable location, this property presents a unique opportunity for businesses seeking a prominent presence in Tacoma's vibrant downtown core. The building includes elevators and offers both executive and traditional office spaces, along with street-level retail space. The Pierce County property (APN: 2011030010

    Property Features for 1101 Pacific Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    105,000 SF
    Class
    B
    Total Rate
    183750

    Building Details

    Year Built/Renovated
    1918/1985
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 200
    Size
    20,253 SF
    Rate per SF
    $21
    Space
    Suite 100 & 105
    Size
    3,742 SF
    Rate per SF
    $36
    Property Profile Location Intelligence

    Current Use by Public Records

    Key Private Bank Financial Planner KeyBank Bank Trusteed Plans Insurance Agency PSEII BENEFITS Insurance Agency TPSC Insurance Agency

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center 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
    -122.4380598
    Latitude
    47.2531413

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    FAQs

    What type of property is this?
    Office Property / Space - Class B Office Building, 105,000 sqft
    Where is this office property / space located?
    The property is located at 1101 Pacific Ave Tacoma, WA.
    What is the lease rate?
    The lease rate is $21-$36 SF/Yr.
    Request Owner's contact information
    1101 Pacific Ave Tacoma, WA 98402
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    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
    1101 Pacific Ave Tacoma, WA 98402
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