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    Property profile & analytics

    1201 Pacific Ave Tacoma, WA 98402

    • Office Properties & Spaces
    • 32,768 SF
    • 1.17 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-0737537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Forensic Accounting Corp / Accounting Firm
    • Spencer Neff Insurance Agency / Insurance Broker
    • HC Heating & Cooling / Hvac Contractor
    • New York Life Insurance / Life Insurance Agency / Financial Planner
    • Sylvesta Fornerette | Fairway Independent Mortgage Corporation Branch Manager / Mortgage Lender

    Property Details for 1201 Pacific Ave

    Year built
    1969
    Construction
    STEEL FRAME
    Lot size
    1.17 lot acres
    Property size
    32,768 SF
    Zone code
    DCC
    Property type
    Office Properties & Spaces
    APN
    2012020018
    APU
    2012020018

    Description

    1201 Pacific Avenue in Tacoma, WA, presents a remarkable opportunity within a prestigious Class A, 21-story office tower. This iconic building, boasting 76,980 total square feet, offers multiple tenancy options with 9,960 square feet currently vacant. Individual suites range from 886 to 14,326 square feet, catering to diverse business needs. Situated on a generous 2.02-acre lot, the property benefits from a highly desirable Downtown Tacoma (DCC) zoning designation. Originally constructed in 1970, the building underwent a significant renovation in 1996, ensuring modern amenities and functionality. Its central location provides unparalleled convenience and accessibility for employees. The building's impressive scale and prime location make it an ideal choice for businesses seeking a prominent presence in Tacoma's thriving central business district. The property's substantial size and flexible suite options offer significant potential for growth and expansion. This is an exceptional opportunity to secure office space in one of Tacoma's most sought-after locations. The building's impressive profile and modern updates combine to create a truly exceptional workspace.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.438
    Latitude
    47.2521
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $544,143
    $7,219,700
    $41,770,700
    $48,990,400
    -
    $7,219,700
    $41,770,700
    $48,990,400

    Comparable in this City

    • Value Estimation by Request
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      Office Properties & Spaces • 5,552 SF
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      156,037 SF

      2102-2135 Commerce St

      Office Properties & Spaces • 156,037 SF
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    • Value Estimation by Request
      100,800 SF

      2108 Pacific Ave

      OFFICE (GENERAL) • 100,800 SF
      2108 Pacific Ave, Tacoma, WA 98402-3004
      View Details
    • Value Estimation by Request
      46,408 SF

      1331 Broadway

      OFFICE (GENERAL) • 46,408 SF
      1331 Broadway, Tacoma, WA 98402-3410
      View Details

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    1201 Pacific Ave
    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
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