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    Property profile & analytics

    209 125Th St S Tacoma, WA 98444

    • Office Properties & Spaces
    • 840 SF
    • 0.30 lot acres
    For Sale
    View listing
    $727,950
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1564151
    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

    • Byrn Mar apartment / Apartment Building

    Property Details for 209 125Th St S

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    0.30 lot acres
    Property size
    840 SF
    Zone code
    AC
    Property type
    Office Properties & Spaces
    APN
    6762001842
    APU
    6762001842

    Description

    This exceptional commercial property, situated at 209 125th St S Street S in Tacoma, Washington, presents a unique investment opportunity. Priced at $742,950, the property offers significant potential for a variety of commercial uses. The building features three individual offices, providing ample space for a small business or professional practice. A three-quarter bathroom adds convenience. A significant advantage is the inclusion of two oversized garages, ideal for a workshop, auto repair business, or storage. The property's location in a high-traffic area of Tacoma/Parkland ensures excellent visibility and accessibility. The lot size is 0 acres. The square footage is not specified. Prospective buyers are responsible for verifying the allowable uses of the property with the relevant authorities to ensure compliance with all zoning regulations and building codes. This versatile space invites creative entrepreneurs and established businesses to explore its many possibilities. The combination of office space and substantial garage capacity makes this property a rare find in the Tacoma commercial market. Don't miss this chance to acquire a well-positioned and adaptable commercial property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.435
    Latitude
    47.1439
    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
    $3,245
    $169,000
    $51,400
    $220,400
    -
    $169,000
    $51,400
    $220,400

    Comparable in this City

    • Value Estimation
      $1,810,000
      11,400 SF

      12001 Pacific S Ave

      OFFICE (GENERAL) • 11,400 SF
      12001 Pacific S Ave, Tacoma, WA 98444-5101
      View Details
    • Value Estimation
      $525,000
      2,828 SF

      2201 112th S St

      OFFICE (GENERAL) • 2,828 SF
      2201 112th S St, Tacoma, WA 98444-1545
      View Details
    • Value Estimation
      $960,000
      5,668 SF

      215 Garfield S St

      OFFICE (GENERAL) • 5,668 SF
      215 Garfield S St, Tacoma, WA 98444-5154
      View Details
    • Value Estimation by Request
      1,426 SF

      205 117th S St

      OFFICE (GENERAL) • 1,426 SF
      205 117th S St, Tacoma, WA 98444-5409
      View Details
    • Value Estimation
      $750,000
      3,544 SF

      10524 A S St, Unit 1

      OFFICE (GENERAL) • 3,544 SF
      10524 A S St, Tacoma, WA 98444-6020
      View Details
    • Value Estimation
      $1,410,000
      11,756 SF

      8833 Pacific Ave

      OFFICE (GENERAL) • 11,756 SF
      8833 Pacific Ave, Tacoma, WA 98444-6490
      View Details

    Similar Nearby for Sale

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      Office Space with Garages

      Office space with garages in high-traffic Tacoma/Parkland area.
      209 125Th St S, Tacoma, WA 98444
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      High-Traffic Commercial Property For Sale

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    Similar Nearby for Lease

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      Tacoma Executive Office Suites

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      Tacoma Office Space Available

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      View Details
    • Contact for pricing
      273,816 SF

      Tacoma Industrial Flex Space

      Modern warehouse/office space, flexible options.
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    • $20 SF/Yr
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      Tacoma Office Building For Lease

      Prime Tacoma office space, ample parking.
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    • $28 SF/Yr
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      Former Tanning Salon Retail Space

      Retail space suitable for medical or other businesses.
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      View Details
    • $34 SF/Yr
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      Remodeled Commercial Space on Pacific

      2,000 SF commercial space with offices and showroom.
      15005 Pacific Ave S, Tacoma, WA 98444
      View Details
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    209 125Th St S
    Tacoma, WA 98444
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    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
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