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2122 Commerce St Tacoma, WA 98402-3002

OFF-MARKET Office Spaces Google Maps
5,062 SF 0.02 ac lot Built 1907
Individually Owned ~ Est. High Equity
Estimated value (blended)
$945k
Range $851k – $1.04M (±10%)
Property ID US90-2767638

Property summary

AI-generated overview

This exceptional 5,062 square foot commercial space, located at 2122 Commerce St in Tacoma, WA 98402, is ideally situated within the historic Brewery District. Priced at $1,950,000 ($26/SF modified full-service, plus separately metered electric), this Class B property offers a blend of restaurant and executive office potential. Built in 1907, the suite features an elevator and internal staircase, along with signage opportunities. Parking is available at a market rate (3 spaces per 1,000 sq ft). High-end furniture is available for purchase. The location provides unparalleled access to Interstate 5, is two blocks from Union Station light rail, and is adjacent to the University of Washington Tacoma campus. Benefit from high foot traffic generated by surrounding hotels, businesses, apartments, and the university, as well as easy access for customers from Pacific Avenue. The Brewery Blocks complex itself boasts over 200 residential units and ample parking. This property presents a unique investment opportunity in a thriving Tacoma neighborhood.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1907
Construction CONCRETE
Total area 5,062 SF
Lot 0.02 ac (750 SF)
APN 9010480110
UPID US90-2767638

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
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.08M
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k

Owner & transaction history

since 2026
2 recorded transactions
2026
$1.6M
2022
Price N/A

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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