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    Property profile & analytics

    2128 Pacific Ave Tacoma, WA 98402

    • Warehouses
    • 18,000 SF
    • 0.14 lot acres
    For Sale
    View listing
    $4,499,000
    Value Estimation
    Location Intelligence
    Property ID
    US90-1222410
    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

    • Warehouses

    Property Details for 2128 Pacific Ave

    Year built
    1919
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    18,000 SF
    Zone code
    WR
    Property type
    Warehouses
    APN
    2021040050
    APU
    2021040050

    Description

    This exceptional industrial property, located at 2128-2134 Pacific Avenue in Tacoma, Washington, offers 36,000 square feet of warehouse and distribution space across two connected, three-story buildings. The property is currently vacant and available for immediate occupancy. Each floor provides flexible floor plates ranging from 6,000 to 12,000 square feet, boasting impressive ceiling heights of 12 to 17 feet. Convenient access is provided via a mix of grade-level and dock-high loading doors on the first and second floors. The property is zoned WR HIST (Warehouse/Residential & Historical), reflecting its prime location in downtown Tacoma. Its strategic position offers significant advantages, situated adjacent to the University of Washington Tacoma campus and the vibrant Brewery Blocks district. Furthermore, the property benefits from easy access to major freeways and a wealth of nearby amenities, making it an ideal location for a variety of industrial businesses. The total building size is 36,000 square feet, situated in Pierce County, WA, zip code 98402. This single-tenant property presents a unique opportunity for a business seeking a substantial and well-located industrial space in a thriving urban environment.

    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
    -122.436
    Latitude
    47.242
    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
    $12,967
    $390,500
    $775,900
    $1,166,400
    -
    $390,500
    $775,900
    $1,166,400

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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
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