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    FOR LEASE
    Office Spaces

    1614 S Mildred St, Tacoma, WA 98465

    28,105 SF 3.12 ac lot Built 1986
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US90-2719881
    Property summary
    AI-generated overview

    James Center North, a multi-tenant commercial property in Pierce County, offers a unique investment opportunity. This Class B complex, totaling 53,500 square feet, comprises four buildings with sixteen suites across two stories, built in 1983 and renovated in 2001. Currently, 14,121 square feet of space is available for lease, with individual suites ranging from 1,875 to 7,864 square feet, ideal for a variety of retail and office uses. The property sits on a substantial 6.92-acre lot (301,321 square feet) and benefits from ample parking with 88 spaces. Its strategic location offers excellent visibility and accessibility, situated directly across from Tacoma Community College and adjacent to the Fred Meyer Center, ensuring high foot traffic and convenient access to Highway 16. The CCX zoning allows for diverse commercial uses. The property boasts good signage opportunities and benefits from a strong mix of retail and office co-tenancy. The four separate APNs are 0220038022, 0220038018, 0220038019, 0220038021, and 0220338020. This well-positioned property presents a compelling opportunity for businesses seeking a prominent location in a thriving Tacoma area.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1986
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 28,105 SF
    Lot 3.12 ac (135,907 SF)
    APN 220038022
    UPID US90-2719881
    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
    • YMCA Child Care Charitable Organization Social Service Agency
    • Wendy L. Huntington, MA Marriage Or Relationship Counselor
    • Sylvan Learning of Tacoma Tutoring Service
    • Allen Wellness Center Medical Clinic
    • Lilac Learning Center - Tacoma Special Education Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.82M
    Blend (final) Blend
    $3.96M
    Owner & transaction history
    Mercer Housing Northwest · 1 yrs held
    Mercer Housing Northwest
    since 2024
    2 recorded transactions
    2024
    2017
    $6.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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