Property profile

401 Broadway Tacoma, WA 98402

FOR SALE
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Property ID
US90-1226525
1,758 SF 0.08 ac Built 1900
Last sale Nov 2015·$1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a historic mansion-style office building containing approximately 8,742 square feet of office accommodations, including executive suites, a reception area, kitchenettes, and shared conference rooms, along with elegant common areas and a top-floor penthouse apartment. Notable interior features include a grand staircase, radius leaded and stained-glass windows, and woodwork in white oak, mahogany, and fir. Building systems and security/technology features include high-speed…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$1.11M
Assessed land$296k
Assessed improvement$819k
Effective rate1.11%

Value estimate

· Nov 2026
$1.10M
$986k – $1.20M
AI approach$1.00M
Submarket $/SF estimate$1.33M
NOI build-up
Gross scheduled income$236k
Vacancy & credit loss−$47k
Operating expenses−$47k
NOI · 4.73% cap applied$142k

Realmo valuation models over county records and 8 qualifying comparable sales.

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
Qualifying comparables8

Cap rate analysis

How does the asset earn?
4.73%
$142k 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?
DR
DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together w...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.8
Bike Shop7.9
Locksmith7.4

Location

401 Broadway Tacoma, WA 98402
County assessor Recorded deeds · 8 transfers 8 qualifying comp sales 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
728 Broadway Ste B2, Tacoma, WA 98402-3727 $285,000 Jan 2026 1,232 SF
732 Broadway, Tacoma, WA 98402-3702 $600,000 Aug 2024 2,640 SF
730 Fawcett, Tacoma, WA 98402-5504 $935,000 Feb 2024 2,482 SF
225 Tacoma S, Tacoma, WA 98402-2523 $795,000 Dec 2023 1,150 SF
136 Stewart SE, Tacoma, WA 98402 $8,200,000 May 2023 1,460 SF
1120 Clf, Tacoma, WA 98402-5123 $595,500 Jan 2023 1,679 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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