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101 26Th St Tacoma, WA 98421

Office Spaces Google Maps
21,834 SF 0.17 ac lot Built 1909
Entity Owned 20-yr Hold ~ Est. High Equity
No photos on file
For Sale
$2,925,000 21,834 SF
101 26Th St, Tacoma, WA 98421
View Listing →
Estimated value (blended)
$2.50M
Range $2.25M – $2.75M (±10%)
Property ID US90-3354212

Property summary

AI-generated overview

This exceptional three-story office building, located at 101 & 109 E 26th Street in Tacoma, WA, presents a unique investment opportunity. Priced below assessed value, this property offers significant upside potential. The building boasts a pristine interior and exterior, beautifully landscaped grounds, and is mostly fenced. Its strategic location across from the Almond Roca building provides excellent visibility and easy freeway access, placing it just blocks from downtown Tacoma and the Tacoma Dome. Recent upgrades include a newer roof, a modern HVAC system, and earthquake retrofitting, ensuring both functionality and safety. The building features an elevator for convenient access to all three floors, with the third floor offering stunning Port views. Adding to the income stream, a 37-space parking lot generates additional revenue, particularly during Tacoma Dome events. This property is ideally suited for an owner-occupier, investor seeking a value-add opportunity, or a developer considering multi-family conversion or new apartment construction on the adjacent land. The asking price is $2,929,000. The lot size is 0 acres. The building is classified as General Commercial.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1909
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,834 SF
Lot 0.17 ac (7,489 SF)
Zoning code WR
APN 2076150012
UPID US90-3354212

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Physician
  • Pediatrician Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.50M

Owner & transaction history

since 2005
7 recorded transactions
2023
Price N/A
2020
Price N/A
2018
Price N/A
2005
Price N/A
2004
$1.4M
2004
$1.4M
2004
$714,748

Zoning & alternative use

WR · Tacoma, WA
Zoning description

WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activitie…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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