Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1015 A St Tacoma, WA 98402

    • Office Properties & Spaces
    • 149,224 SF
    • 0.48 lot acres
    For Sale
    View listing
    $16,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1629746
    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

    • Terry Pemberton - Banner Bank Residental Loan Officer / Mortgage Lender
    • Tram Bowen - Banner Bank Residential Loan Officer / Mortgage Lender
    • Meghan Parsons Banner Bank Residential Loan Officer / Mortgage Lender
    • Kyle Millsap - Banner Bank Residential Loan officer / Mortgage Lender
    • Simos Insourcing Solutions / Employment Agency

    Property Details for 1015 A St

    Year built
    1910
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    149,224 SF
    Zone code
    DCC
    Property type
    Office Properties & Spaces
    APN
    2010010010
    APU
    2010010010

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,400,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.437
    Latitude
    47.254
    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
    $174,503
    $3,198,500
    $12,511,700
    $15,710,200
    -
    $3,198,500
    $12,511,700
    $15,710,200

    Comparable in this City

    • Value Estimation by Request
      10,343 SF

      711 Pacific Ave

      Office Properties & Spaces • 10,343 SF
      711 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      2,640 SF

      732 Broadway

      Office Properties & Spaces • 2,640 SF
      732 Broadway, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      51,000 SF

      738 Broadway

      Automotive properties • 51,000 SF
      738 Broadway, Tacoma, WA 98402
      View Details
    • Value Estimation
      $1,055,000
      114,000 SF

      1423rd Pacific Ave

      OFFICE (GENERAL) • 114,000 SF
      1423rd Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation
      $1,025,000
      48,000 SF

      1107th Pacific Ave

      OFFICE (GENERAL) • 48,000 SF
      1107th Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation
      $1,030,000
      36,303 SF

      1552 Commerce St

      OFFICE (GENERAL) • 36,303 SF
      1552 Commerce St, Tacoma, WA 98402-3310
      View Details

    Similar Nearby for Sale

    • $4,000,000
      51,000 SF

      Tacoma Mixed-Use Investment Opportunity

      Two buildings, 51,000 SF, prime location
      738 Broadway, Tacoma, WA 98402
      View Details
    • $13,000,000
      153,600 SF

      Tacoma Executive Office Building

      Prime Tacoma Office, 153,600 SF
      1301-1305 Tacoma Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      6,800 SF

      Prime Tacoma Executive Office Space

      6,800 SF Executive Office, Downtown Tacoma
      936 Pacific Ave, Tacoma, WA 98402
      View Details
    • $1,950,000
      5,062 SF

      Brewery Blocks Suite 2122

      Tacoma Restaurant/Office Space
      2122 Commerce St, Tacoma, WA 98402
      View Details
    • $1,875,000
      10,343 SF

      Downtown Tacoma Executive Office Building

      Prime Tacoma location, 10,343 SF, 6 parking spaces
      711 Pacific Ave, Tacoma, WA 98402
      View Details
    • $1,650,000
      8,277 SF

      Tacoma Office Building - Owner/User Opportunity

      8,277 SF Office, Redevelopment Potential
      622 Tacoma Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      105,000 SF

      Downtown Tacoma Office Space

      Class B Office Building, 105,000 sqft
      1101 Pacific Ave, Tacoma, WA 98402
      View Details
    • $26 SF/Yr
      2,308 SF

      Modern Office Space in Tacoma

      High-end office space with excellent access and modern amenities.
      1132-1148 Broadway, Tacoma, WA 98402
      View Details
    • Contact for pricing
      5,760 SF

      Waterfront Office Space Available

      Office space with waterfront views, ample parking, and easy access.
      535 E Dock St, Tacoma, WA 98402
      View Details
    • $30 SF/Yr
      4,983 SF

      Tacoma Office Space For Rent

      4,983 square feet of office space available for lease.
      748-750 Market St, Tacoma, WA 98402
      View Details
    • $12 SF/Yr
      5,500 SF

      Downtown Tacoma Office Space

      Unique office space in downtown Tacoma with 15 offices.
      721 Pacific Ave, Tacoma, WA 98402
      View Details
    • $3,000,000
      5,000 SF

      Office and Retail Building

      Four-story office/retail building and parking garage in Tacoma, WA.
      722-738 Broadway, Tacoma, WA 98402
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1015 A St
    Tacoma, WA 98402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.