8833 Pacific AveTacoma, WA 98444

Property Details for 8833 Pacific Ave

Year built

1977

Construction

WOOD FRAME

Lot size

0.71 AC

Property size (Sq ft)

11,756 SF

Zone code

C1

Property type

Office properties

Property subtype

Other office properties

APN

320333240

APU

320333240

Description

This two-story, 11,756 square foot office building at 8833 Pacific Ave S, Tacoma, WA 98444, is situated on a 0.7-acre lot (APN 032033-3-240) and boasts a prominent Pacific Avenue location. Built in 1977 and renovated in 2022, the building features eight suites in a traditional office style (C-1 zoning). The property offers a desirable atrium-like common area and ample parking in a well-lit lot, along with 24/7 keyed access for tenants. Currently available are two contiguous suites, Suite G (1,548 sq ft with six rooms) and Suite H (1,288 sq ft with four rooms), totaling 2,636 sq ft of leasable space. These suites feature abundant natural light from numerous windows. The building enjoys a strong tenant base, including established businesses. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in Tacoma.

• CAP approach

  CAP return

  Valuation

  6%

  $3,181,202

  6.5%

  $2,936,495

  7%

  $2,726,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,152,536

  Geo Method

  $2,263,970

• Alternative Use

  Use

  Valuation

  Residential

  $3,641,253

  Hospitality

  $3,335,368

  Educational

  $2,774,988

  Medical

  $2,870,424

  Retail

  $4,316,647

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.1762

Longitude

-122.434

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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