Financial
Distress signals
Property profile

401 Broadway Tacoma, WA 98402

FOR SALE
Other office properties
Property ID
US90-1226525
1,758 SF 0.08 ac lot Built 1900
Last sale Nov 2015 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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. 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?
$12k
Tax billed · 2024
Assessed value$1.11M
Assessed land$296k
Assessed improvement$819k
Effective rate1.11%

Value estimate

· Sep 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 7 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 comparables7

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 7 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
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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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