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    2306 A St Tacoma, WA 98402

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    2306 A St Tacoma, WA 98402

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    • Flex space
    • 5,000 SF
    • 0.14 lot acres
    For Sale
    $2,200,000
    View Listing →
    Downtown Tacoma Owner-User Opportunity For Sale
    $2,200,000
    8,820 SF

    Downtown Tacoma Owner-User Opportunity

    Refreshed office/warehouse near I-5, I-705, SR 509 and Port of Tacoma.

    2306 A St, Tacoma, WA 98402
    View Listing
    Property ID
    US90-1536369
    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.
    Value Estimations
    Cap Rate Potential
    6.4%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Development Engineering, PLLC / Engineer

    Property Details for 2306 A St

    Year built
    1922
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    5,000 SF
    Zone code
    WR
    Property type
    Flex space
    APN
    2023020020
    APU
    2023020020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $830,000
      ML approach
      $925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,038,000
      Market price range: $537k - $1.89M
      AI Estimate
      $527,000
      Market price range: $163k - $1.01M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,105,000
      Current use
      MEDICAL BUILDING
      $1,225,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.435
    Latitude
    47.2408
    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
    $9,212
    $340,400
    $488,000
    $828,400
    -
    $340,400
    $488,000
    $828,400

    Comparable in this City

    • Value Estimation
      $955,000
      8,950 SF

      2506 Fawcett Ave

      LIGHT INDUSTRIAL • 8,950 SF
      2506 Fawcett Ave, Tacoma, WA 98402-1302
      View Details
    • Value Estimation by Request
      10,920 SF

      2614 A St

      LIGHT INDUSTRIAL • 10,920 SF
      2614 A St, Tacoma, WA 98402-2802
      View Details
    • Value Estimation by Request
      3,000 SF

      2523 Jefferson Ave

      LIGHT INDUSTRIAL • 3,000 SF
      2523 Jefferson Ave, Tacoma, WA 98402-1303
      View Details
    • Value Estimation
      $820,000
      4,473 SF

      455 St Helens Ave

      LIGHT INDUSTRIAL • 4,473 SF
      455 St Helens Ave, Tacoma, WA 98402-2433
      View Details
    • Value Estimation
      $1,175,000
      13,000 SF

      2705 Pacific Ave

      LIGHT INDUSTRIAL • 13,000 SF
      2705 Pacific Ave, Tacoma, WA 98402-2806
      View Details
    • Value Estimation
      $790,000
      6,290 SF

      2722 A St

      LIGHT INDUSTRIAL • 6,290 SF
      2722 A St, Tacoma, WA 98402-2803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,000 SF

      Connected Buildings with Flexible Space

      Two connected buildings with flexible space available for rent.
      2128-2134 Pacific Ave, Tacoma, WA 98402
      View Details
    • $650,000

      2515 Tacoma Ave S, Tacoma, WA 98402

      Flex space
      2515 Tacoma Ave S, Tacoma, WA 98402
      View Details
    • Contact for pricing

      Downtown Tacoma Commercial Redevelopment Opportunity

      25,500 SF building in Tacoma's Downtown Commercial Core.
      919 Market St, Tacoma, WA 98402
      View Details
    • Contact for pricing
      51,000 SF

      Mixed-Use Buildings with Parking Facility

      Two mixed-use buildings with office, retail, parking, and warehouse space.
      738 Broadway, Tacoma, WA 98402
      View Details
    • $1,450,000

      Tacoma Redevelopment Opportunity

      25,500 SF building on 9,184 SF site in downtown Tacoma.
      919 Market St, Tacoma, WA 98402
      View Details
    • $3,300,000
      23,860 SF

      Mixed-Use Building with Parking

      Two-story office, retail, and warehouse building with parking lot.
      2209-2215 Pacific Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      Downtown Pacific Avenue

      Discover many ways to work your way in Downtown Pacific Avenue
      1201 Pacific Ave, Tacoma, WA 98402
      View Details
    • $6,500 /Mo
      2,940 SF

      Downtown Tacoma Flex/Retail Space

      Flexible light industrial and retail space in downtown Tacoma.
      1754 Fawcett Ave, Tacoma, WA 98402
      View Details
    • $36,000
      36,000 SF

      Connected Buildings with Flexible Space

      Connected buildings offering flexible industrial and commercial space for rent.
      2128 Pacific Ave, Tacoma, WA 98402
      View Details
    • $4,000 /Mo
      4,000 SF

      Warehouse with Showroom and Offices

      6,000 SF warehouse with showroom, offices, and easy access.
      2302 A St, Tacoma, WA 98402
      View Details
    • $12 SF/Yr
      36,000 SF

      Tacoma Warehouse: 36,000 SF

      Downtown Tacoma industrial space, perfect for distribution.
      2128 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      38,230 SF

      Tacoma Brewery District Warehouse/Office

      21,000 SF warehouse/office space in Tacoma's Brewery District.
      2320-2328 Pacific Ave, Tacoma, WA 98402
      View Details
    View Listing
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    2306 A St
    Tacoma, WA 98402
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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.

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