Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    919 Market St Tacoma, WA 98402

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Downtown Tacoma redevelopment opportunity. 25,500 SF, vacant.

    Property size:
    25,500 SF

    Property Features for 919 Market St

    General Information

    Property type
    Distribution properties
    Square Feet
    25,500 SF

    Building Details

    Year Built
    1931
    Stories
    2

    We can help!

    Listing Contact
    Dave Douglas
    Dave Douglas

    Listing Agency: NAI Puget Sound Properties - Seattle Listing Agent: Dave Douglas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 25,500 square foot multi-use building presents a unique redevelopment opportunity in the heart of Tacoma's vibrant downtown commercial core. Located at 919 Market Street, this two-story structure, built in 1931, offers a flexible layout ideal for a variety of uses. The property boasts 15,000 square feet of space on Market Street and an additional 7,500 square feet on Court C, complemented by a 3,000 square foot mezzanine. Ceiling heights range from 8 to 18 feet, providing ample vertical space. The building features substantial power capacity (1200 amps – 480 3-phase
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tacoma Rubber Stamp ... Engraver Advance Marking Systems ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4413915
    Latitude
    47.2544256

    Nearby Similar for Sale

    • New
      $865,000
      0.25 Acres

      Tacoma Fourplex Investment Opportunity

      Well-maintained fourplex with garages in prime Tacoma location.
      9405 S Ash St, Tacoma, WA 98444
      View Details
    • $1,849,000
      0.52 Acres

      Mixed-Use Multifamily Investment Opportunity

      Value-add mixed-use multifamily property with income and long-term flexibility.
      9618 Pacific Ave, Tacoma, WA 98444
      View Details
    • $3,449,000
      0.81 Acres

      Multifamily Opportunity in Tacoma, WA

      Value-add multifamily property with renovation and income growth potential.
      7603 Pacific Ave, Tacoma, WA 98408
      View Details
    • $675,000
      2,630 SF

      Downtown Tacoma Office/Retail Space

      2,630 SF office/retail space in Tacoma's vibrant downtown.
      732 Broadway, Tacoma, WA 98402
      View Details
    • $839,000
      3,120 SF

      Tacoma Mall Boulevard Office Investment

      Office property for sale on Tacoma Mall Boulevard.
      6003 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $2,200,000
      8,820 SF

      Downtown Tacoma Owner-User Opportunity

      Refreshed office/warehouse near I-5, I-705, SR 509 and Port of Tacoma.
      2306 A St, Tacoma, WA 98402
      View Details
    • $1,650,000
      6,580 SF

      Rehabbed Office Building Near Downtown

      Recently renovated office building with parking near downtown Tacoma.
      919 S 9Th St, Tacoma, WA 98405
      View Details
    • $1,650,000
      7,552 SF

      Tacoma Office Building For Sale

      7,552 SF office building on 0.22 AC lot.
      902 South 10Th St, Tacoma, WA 98405
      View Details
    • $1,225,000
      824 SF

      Established Tacoma Starbucks For Sale

      Established Starbucks location in Tacoma, operating since 2008.
      2008 6Th Ave, Tacoma, WA 98403
      View Details
    • $1,500,000
      18,000 SF

      Downtown Tacoma Office Building For Sale

      Located in downtown Tacoma's retail corridor near the transit hub.
      940 Broadway, Tacoma, WA 98402
      View Details
    • $4,750,000
      23,654 SF

      Standalone Flex Building For Sale

      Flex building with heavy power, prominent signage, and convenient location.
      4901 Center St, Tacoma, WA 98409
      View Details
    • $4,499,000
      36,000 SF

      Downtown Tacoma Mixed-Use Buildings

      Two connected buildings in downtown Tacoma with high ceilings.
      2128 Pacific Ave, Tacoma, WA 98402
      View Details

    FAQs

    What type of property is this?
    Distribution property - Downtown Tacoma redevelopment opportunity. 25,500 SF, vacant.
    Where is this distribution property located?
    The property is located at 919 Market St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 9,184 SF site.; 25,500 SF building: 15,000 SF two-story on Market Street, 7,500 SF on Court C, 3,000 SF mezzanine.; 8'-18' clear ceiling heights.
    (253) 203-1326 Call to check price and availability
    Request Owner's contact information
    919 Market St Tacoma, WA 98402
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    919 Market St
    Tacoma, WA 98402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    919 Market St Tacoma, WA 98402
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Douglas
    Dave Douglas
    Real Estate License ID: 4041
    (253) 203-1326
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!