Property profile

1140 To 1158th Broadway Tacoma, WA 98401

OFF-MARKET
Other office properties
Property ID
US90-1232931
102,708 SF 0.76 ac lot Built 1892
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This commercial office building is located in downtown Tacoma and features modern office interiors with high ceilings and large windows. The building has city views and is positioned near shops, restaurants, and entertainment venues, adjacent to the Murano hotel and the downtown Tacoma YMCA, and within walking distance of the Tacoma Farmers Market. Parking is provided for tenants and visitors via a dedicated parking lot and covered parking with direct lobby access. The building offers floor plates capable of accommodating up to approximately 25,000 square feet of contiguous office use, and individual spaces are configured as office space, including one suite measuring approximately 4,010 square feet.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 1892
Construction CONCRETE
Total area 102,708 SF
Lot 0.76 ac (33,219 SF)
Zoning code DCC
APN 2011060060
UPID US90-1232931

Cap rate & NOI

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

Location

1140 To 1158th Broadway Tacoma, WA 98401
Tacoma metro Census 61601 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.70M
Blend (final) Blend
$12.64M

Owner & transaction history

since 2016
5 recorded transactions
2017
Price N/A
2016
$8.0M
1996
$2.6M
1996
$1.0M
1969
Price N/A

Zoning & alternative use

DCC · Tacoma, WA
Zoning description

same uses prohibited in the DCC D istrict are also prohibited in the DMU District. The maximum building height in this district is 100 feet. DR: Downtown Residential The DR D istrict contains a predominance of mid -rise,…

General category COMMERCIAL

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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