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    Property profile & analytics

    815 Pacific Ave, Unit 817 Tacoma, WA 98402-5229

    • High-rise multifamily apartments
    • 37,048 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Location Intelligence
    Property ID
    US90-1709886
    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.

    Current Use by Public Records

    • Hotel Olympus Apartments / Real Estate Rental Agency
    • The Forum / Bar & Grill
    • Ready When You are Services / Carpet Cleaning Service / Cleaners

    Property Details for 815 Pacific Ave

    Year built
    1909
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    37,048 SF
    Zone code
    DCC
    Property type
    High-rise multifamily apartments
    APN
    2008030060
    APU
    2008030060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $740,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $515,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $550,000
      Retail
      $595,000
      Mixed-Use
      $575,000
      Hospitality
      $470,000
      Educational
      $500,000
      Residential Income
      $490,000
      Energy
      $590,000
      Income-Based Land
      $545,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.439
    Latitude
    47.2559
    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
    $9,675
    $752,100
    $7,012,800
    $7,764,900
    -
    $752,100
    $7,012,800
    $7,764,900

    Comparable in this City

    • Value Estimation by Request
      1.39 Acres

      1502 Fawcett Ave

      HIGH-RISE APARTMENTS • 1.39 Acres
      1502 Fawcett Ave, Tacoma, WA 98402-1830
      View Details
    • Value Estimation by Request
      113,280 SF

      220 Tacoma S Ave

      HIGH-RISE APARTMENTS • 113,280 SF
      220 Tacoma S Ave, Tacoma, WA 98402-2529
      View Details
    • Value Estimation by Request
      0.28 Acres

      23 Broadway

      HIGH-RISE APARTMENTS • 0.28 Acres
      23 Broadway, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      32,448 SF

      1821 Dock St

      HIGH-RISE APARTMENTS • 32,448 SF
      1821 Dock St, Tacoma, WA 98402-3201
      View Details
    • Value Estimation by Request
      0.42 Acres

      429 St Helens Ave

      HIGH-RISE APARTMENTS • 0.42 Acres
      429 St Helens Ave, Tacoma, WA 98402-2409
      View Details
    • Value Estimation by Request
      12,540 SF

      219 St Helens Ave

      HIGH-RISE APARTMENTS • 12,540 SF
      219 St Helens Ave, Tacoma, WA 98402-2527
      View Details

    Similar Nearby for Sale

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      Permitted Multifamily Development Site

      Shovel-ready 80-unit development site in Tacoma, WA.
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      Top-floor condo with mountain and bay views in Tacoma's Stadium District.
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      Tacoma Executive Office Building

      Prime Tacoma Office, 153,600 SF
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    • Contact for pricing
      6,800 SF

      Prime Tacoma Executive Office Space

      6,800 SF Executive Office, Downtown Tacoma
      936 Pacific Ave, Tacoma, WA 98402
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    • $1,950,000
      5,062 SF

      Brewery Blocks Suite 2122

      Tacoma Restaurant/Office Space
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    • $1,875,000
      10,343 SF

      Downtown Tacoma Executive Office Building

      Prime Tacoma location, 10,343 SF, 6 parking spaces
      711 Pacific Ave, Tacoma, WA 98402
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    Similar Nearby for Lease

    • $26 SF/Yr
      156 SF

      Brewery District Mixed-Use Development

      Mixed-use development in historic Brewery District with retail, office, residential.
      2102-2135 S Commerce St, Tacoma, WA 98402
      View Details
    • $17 SF/Yr
      6,732 SF

      Downtown Tacoma Retail Space

      Prime Tacoma location, multiple suites available.
      901 Pacific Ave, 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
    • $26 SF/Yr
      2,308 SF

      Modern Office Space in Tacoma

      High-end office space with excellent access and modern amenities.
      1132-1148 Broadway, Tacoma, WA 98402
      View Details
    • Contact for pricing
      1,548 SF

      Tacoma Retail Space Available

      Retail space available for lease in Tacoma, Washington.
      1702-1936 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      5,760 SF

      Waterfront Office Space Available

      Office space with waterfront views, ample parking, and easy access.
      535 E Dock St, Tacoma, WA 98402
      View Details
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    Tacoma, WA 98402-5229
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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