Property summary
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
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Physician
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Pediatrician Physician
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Physician
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Tacoma market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
WR · Tacoma, WAWR: 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for WR in Tacoma, WA.
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Find the owner behind the property.
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