8821 Pacific Ave S Tacoma, WA 98444
Property profile & analytics
8821 Pacific Ave S Tacoma, WA 98444
- Motels
- 2,352 SF
- 0.89 lot acres
Property ID
US90-0310761
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.
Location Intelligence
Current Use by Public Records
- Pacific Lodge / Hotel & Motel
Property Details for 8821 Pacific Ave S
- Year built
- 1958
- Construction
- WOOD FRAME
- Lot size
- 0.89 lot acres
- Property size
- 2,352 SF
- Zone code
- C1
- Property type
- Motels
- APN
- 320333238
- APU
- 320333238
Description
This exceptional Tacoma commercial property, situated on Pacific Avenue, presents a lucrative investment opportunity. The offering includes two buildings totaling 5,904 square feet: a 2,352-square-foot single-story structure and a 3,552-square-foot two-story building. The property also boasts additional land, allowing for potential expansion or development. Currently configured as a 21-unit lodging establishment with an additional two-bedroom manager's unit, the property offers significant flexibility. A recent remodel in 2018 enhanced the units, each equipped with free Wi-Fi, new air conditioning, and spring coolers. Approximately 50% of the units are currently occupied by long-term tenants. The property's operational efficiency is highlighted by its absentee-owner model, managed by a team of three (manager, maintenance, and cleaner). Financial performance demonstrates strong potential, with gross revenue exceeding $440,000 in 2023. The property is being sold as a combined real estate and business venture. The existing 21-unit configuration can be maintained, or the property can be remodeled to create approximately 17 units, with four larger units designated for long-term tenants. This versatile property offers a compelling blend of immediate income generation and significant future development potential in a prime Tacoma location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,285,000
- ML approach
- $1,215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,189,000
Market price range: $498k - $1.19M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $760,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $995,000 Change: +31% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $870,000 Change: +14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.433
- Latitude
- 47.1765
- 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
$11,307
$645,300
$371,700
$1,017,000
-
$645,300
$371,700
$1,017,000
