Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    901 Pacific Ave Tacoma, WA 98402

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    901 Pacific Ave Tacoma, WA 98402

    View on Map
    • Retail properties & Spaces
    • 6,732 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 901 Pacific Ave

    Year built
    1919
    Property size
    6,732 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 901 Pacific Avenue in the heart of Tacoma's CBA TacomaCBD submarket, offers 6,732 square feet of completely vacant space for lease. Built in 1919 and renovated in 2000, this three-story building sits on a 0.28-acre lot and is zoned DCC. The property features one building with multiple tenancy options, ranging from a minimum of 790 square feet to a maximum contiguous space of 2,168 square feet. Ideal for a variety of retail businesses, this location provides excellent visibility and accessibility, situated at the intersection of 9th and Pacific Avenues in the vibrant downtown core. The property's address is 901 Pacific Avenue, Tacoma, WA 98402, with Pierce County APN 2009030010. This is a rare opportunity to secure a prominent retail space in a thriving urban environment. The entire 6,732 square feet is currently available. Don't miss this chance to establish your business in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.439
    Latitude
    47.2553

    Comparable in this City

    • Value Estimation by Request
      105,000 SF

      1101 Pacific Ave

      Office properties & Spaces • 105,000 SF
      1101 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      21,354 SF

      5101 Main St

      Individual retail properties • 21,354 SF
      5101 Main St, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      156,037 SF

      2102-2135 Commerce St

      Office properties & Spaces • 156,037 SF
      2102-2135 Commerce St, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      74,360 SF

      917 Pacific Ave

      Office Units • 74,360 SF
      917 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      2,147 SF

      2502-2512 Pacific Ave

      Restaurants • 2,147 SF
      2502-2512 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request

      Tacoma, WA 98402

      DEPARTMENT STORE
      Tacoma, WA 98402
      View Details

    Similar Nearby for Sale

    • $495,000

      Stadium District Opportunity

      Office or retail opportunity with secured yard in Stadium District.
      414 St Helens Ave, Tacoma, WA 98402
      View Details
    • $6,800,000

      Tacoma Live/Work Historic Building

      Luxury Penthouse & Commercial Space
      747 St Helens Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      51,000 SF

      Mixed-Use Buildings with Parking Facility

      Two mixed-use buildings with office, retail, parking, and warehouse space.
      738 Broadway, Tacoma, WA 98402
      View Details
    • $1,950,000
      10,343 SF

      Pacific Avenue Office Building For Sale

      Office building with parking in Tacoma, Washington available for sale.
      711 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing

      Downtown Tacoma Mixed-Use Development Opportunity

      3,000 sq. ft. property in vibrant downtown Tacoma.
      2505 Tacoma Ave S, Tacoma, WA 98402
      View Details
    • Contact for pricing
      2,342 SF

      Historic Tacoma Building Retail/Office Condo

      2,342 SF first-floor condo in historic Tacoma building.
      728 Broadway, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,564 SF

      Retail Space in Tacoma

      Retail property available for lease in Tacoma, Washington.
      1250 Pacific Ave, Tacoma, WA 98402
      View Details
    • $28 SF/Yr

      Downtown Tacoma Office Campus

      157,883 SF office campus with amenities and flexible terms.
      950 Market St, Tacoma, WA 98402
      View Details
    • $15 SF/Yr
      10,550 SF

      Tacoma Brewery & Restaurant Space

      Historic building, fully renovated, prime location.
      2302 Fawcett Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      4,490 SF

      Retail Space in Tacoma Available

      Retail property available for lease in Tacoma, Washington.
      2-12 N Tacoma Ave, Tacoma, WA 98402
      View Details
    • $22 SF/Yr
      2,578 SF

      Downtown Tacoma Retail/Office Space

      Retail or office space in downtown Tacoma near light rail.
      913-919 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $2,906 /Mo
      2,906 SF

      Downtown Tacoma Adaptable Commercial Space

      Prime downtown location with high visibility and pedestrian traffic.
      1127 Broadway, Tacoma, WA 98402
      View Details
    Request Owner's contact information
    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.
    901 Pacific Ave
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!