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Property profile & analytics
FOR LEASE
Office Spaces

1 Tacoma Ave N Tacoma, WA 98403

15,729 SF 0.13 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-3331166
Property summary
AI-generated overview

This exceptional retail property, located in Pierce County, offers a fantastic opportunity for businesses seeking a vibrant and accessible location. The One Tacoma Building, a Class B property constructed in 2003, boasts a total of 15,729 square feet, with 2,747 square feet currently available for lease. The building features a single structure situated on a 0.13-acre lot, providing ample space and visibility. The property is zoned NCX and offers convenient access for customers and employees with a total of 51, 24, and 27 parking spaces available across different areas. The building is well-maintained and includes elevators for easy access to all levels. The multiple tenancy structure provides a diverse and thriving commercial environment. This is an ideal location for a variety of retail businesses seeking high foot traffic and excellent visibility. The available 2,747 square feet of space presents a blank canvas for your business to thrive. With its strategic location, ample parking, and modern amenities, this property represents a compelling investment opportunity in a growing market. Don't miss the chance to secure this prime retail space in the heart of Tacoma. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2003
Construction CONCRETE
Total area 15,729 SF
Lot 0.13 ac (5,688 SF)
Zoning code NCX
APN 2030110040
UPID US90-3331166
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 3Dimensional Physical Therapy & Sports Conditioning Medical Clinic
  • Robert D Pentimonti Law Firm
  • Community, A Walgreens Pharmacy Pharmacy
  • Chad McCann, DPT Physician
  • Casey Dechant Architects Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.78M
CAP Approach CAP
$3.34M
Comparable Approach Comparable
$4.83M
Blend (final) Blend
$4.85M
Owner & transaction history
One Tacoma Building LLC · 3 yrs held
One Tacoma Building LLC
since 2022
Last sale
$4.9M
7 recorded transactions
2022
$4.9M
2021
Price N/A
2017
$3.3M
2004
Price N/A
2004
$3.5M
2002
$237,500
1969
Price N/A
Zoning & alternative use
NCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $6.7M +37.6%
Restaurant $6.2M +27.0%
Auto repair, garage $5.8M +19.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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