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    Property profile & analytics
    FOR SALE
    Office Spaces

    1015 A St, Tacoma, WA 98402

    149,224 SF 0.48 ac lot Built 1910
    Entity Owned 26-yr Hold ~ Est. High Equity
    Property ID
    US90-1629746
    Property summary
    AI-generated overview

    The TrueBlue Building, a twelve-story, 173,022 square foot office building located at 1015 A St, Tacoma, WA 98402, is offered for sale at $16,000,000. Built in 1910, this property presents a unique investment opportunity in the heart of Downtown Tacoma's Opportunity Zone. The building's impressive size and prime location offer significant potential for future development. An adjacent parking garage provides 294 parking stalls, a valuable asset for tenants or future residents. The existing office space provides substantial income potential, while the building's zoning allows for a multifamily conversion project, capitalizing on the growing demand for residential units in the vibrant Downtown Tacoma core. The price per square foot is $92.47. This property is situated in Pierce County and offers a compelling blend of established income and exciting redevelopment possibilities. The building's history and location combine to create a rare opportunity for investors seeking a high-impact project in a thriving urban environment. The substantial square footage and ample parking make this a truly exceptional offering.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1910
    Construction CONCRETE
    Total area 149,224 SF
    Lot 0.48 ac (21,035 SF)
    Zoning code DCC
    APN 2010010010
    UPID US90-1629746
    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
    • Terry Pemberton - Banner Bank Residental Loan Officer Loan Service Bank
    • Tram Bowen - Banner Bank Residential Loan Officer Loan Service Bank
    • Meghan Parsons Banner Bank Residential Loan Officer Loan Service Bank
    • Kyle Millsap - Banner Bank Residential Loan officer Loan Service Bank
    • Simos Insourcing Solutions Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $17.33M
    Owner & transaction history
    Labor Ready INC · 26 yrs held
    Labor Ready INC
    since 2000
    3 recorded transactions
    2014
    2000
    $7.4M
    1969
    Zoning & alternative use
    DCC · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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