Financial
Distress signals
Property profile

2156 Pacific Ave S Tacoma, WA 98402

FOR LEASE
Other office properties
Property ID
US90-0310837
23,400 SF 0.45 ac lot Built 1929
Last sale Sep 2021 · $5,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A three-story building in downtown Tacoma, configured for single-tenant or multi-tenant use, with an office/school buildout that includes classrooms, restrooms, and an elevator. The building has a total area of 23,400 square feet and is located adjacent to the University of Washington and the Brewery Blocks Tacoma.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$44k
Tax billed · 2024
Assessed value$3.98M
Assessed land$1.19M
Assessed improvement$2.79M
Effective rate1.11%

Value estimate

· Sep 2026
$3.93M
$3.53M – $4.32M
AI approach$3.97M
CAP approach$4.97M
Submarket $/SF estimate$6.97M
NOI build-up
Gross scheduled income$632k
Vacancy & credit loss−$126k
Operating expenses−$126k
NOI · 1,995,157.89% cap applied$379k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$328/SF
ZIP average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$164 – $758

Cap rate analysis

How does the asset earn?
1,995,157.89%
$379k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
WR
WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and resident...
General categoryINDUSTRIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.6
Smoke and Vape Shop10.7
Laundry Service9.2

Location

2156 Pacific Ave S Tacoma, WA 98402
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1111 Pacific, Tacoma, WA 98402 $4,162,414 Apr 2025 36,000 SF
1132 Broadway, Tacoma, WA 98402-3503 $2,700,000 Mar 2025 27,000 SF
702 A, Tacoma, WA 98402 $2,311,330 Mar 2024 10,207 SF
945 Fawcett, Tacoma, WA 98402-5612 $1,415,000 Feb 2024 6,978 SF
621 Pacific, Tacoma, WA 98402-4600 $7,000,000 Aug 2023 29,402 SF
615 Commerce, Tacoma, WA 98402-4605 $650,000 Jun 2023 7,896 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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