Property profile

1614 S Mildred St Tacoma, WA 98465

FOR LEASE
Office Spaces
Property ID
US90-2719881
28,105 SF 3.12 ac lot Built 1986
Individually Owned 2-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Marriage Or Relationship Counselor
  • Tutoring Service
  • Medical Clinic
  • Special Education Facility

Location

1614 S Mildred St Tacoma, WA 98465
Tacoma metro Census 61002 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
$2.82M
Blend (final) Blend
$3.96M

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2017
$6.0M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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