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Property profile & analytics
OFF-MARKET Estimated value $1,175,000
Flex space

2705 Pacific Ave Tacoma, WA 98402-2806

13,000 SF 0.3 ac lot Built 1931
Individually Owned 2-yr Hold Free & Clear
Property ID
US90-0915071
Property summary
AI-generated overview

This exceptional 29,120-square-foot warehouse, situated on a 13,000-square-foot lot in central Tacoma's business district, presents a compelling redevelopment opportunity. The property boasts 165 feet of frontage on Pacific Avenue and 130 feet on South 27th Street. This two-story building, constructed in 1931 and renovated in 1975, features a main floor of 13,000 square feet, including offices and a 12-foot roll-up loading dock accessible from the alley. The lower level, also 13,000 square feet, offers an 11-foot roll-up loading dock with drive-in access, accommodating forklifts with its 12-foot clearance. Several office spaces are included, notably a fully equipped radio frequency safe room. A 3,100-square-foot mezzanine adds further versatility. The building benefits from full sprinkler systems. The Warehouse Residential (WR) zoning allows for diverse uses, including warehousing, business, commercial applications, and multi-family dwellings, subject to a 100-foot height restriction. This historically significant property, once the King Roller Rink, offers significant potential for a savvy investor or owner-user. The asking price is $1,950,000, with a price per square foot of $66.96. The property includes two parcels and features open floor plans with full truss spans. Two loading docks are available. The property is currently owner-occupied. The APN is 2077130020.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1931
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,000 SF
Lot 0.3 ac (13,000 SF)
Zoning code WR
APN 2077130020
UPID US90-0915071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Helmets R Us, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.18M
Owner & transaction history
Vern L Padgett · 2 yrs held
Vern L Padgett
since 2023
2 recorded transactions
2023
Price N/A
1994
$300,000
Zoning & alternative use
WR · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

WR: Warehouse Residential District The WR D istrict is intended to consist principally of a mixture of industrial activities and residential buildings in which occupants maintain a business involving industrial activities. The preferred uses of the WR D istrict are industrial located entirely in a building and residential. Retail, educational, office, and go…

Zone name Warehouse Residential
General category INDUSTRIAL
Zone area 150.56 ac
Source Ordinance Table
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