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    8833 Pacific Ave S Tacoma, WA 98444
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    Property profile & analytics

    8833 Pacific Ave S Tacoma, WA 98444

    View on Map
    • Office Spaces
    • 11,756 SF
    • 0.71 lot acres
    For Lease
    $24 SF/Yr
    View Listing →
    Tacoma Office Space For Rent For Lease
    $24 SF/Yr
    626 SF

    Tacoma Office Space For Rent

    Office space available for lease in Tacoma, Washington.

    8833 Pacific Ave S, Tacoma, WA 98444
    View Listing
    Property ID
    US90-3368326
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rebecca D. Taylor, LMP / Alternative Medicine Practice / Spa & Massage Center
    • US Alva Community Support Team / County Government Office
    • Integrity Healthcare pllc / Medical Clinic
    • Renew Wellness Center / Gym & Fitness Center / Alternative Medicine Practice
    • Ritchie-Reiersen Injury & Immigration Attorneys / Law Firm

    Property Details for 8833 Pacific Ave S

    Year built
    1977
    Construction
    WOOD FRAME
    Lot size
    0.71 lot acres
    Property size
    11,756 SF
    Zone code
    C1
    Property type
    Office Spaces
    APN
    320333240
    APU
    320333240

    Description

    This two-story, 11,756 square foot office building at 8833 Pacific Ave S, Tacoma, WA 98444, is situated on a 0.7-acre lot (APN 032033-3-240) and boasts a prominent Pacific Avenue location. Built in 1977 and renovated in 2022, the building features eight suites in a traditional office style (C-1 zoning). The property offers a desirable atrium-like common area and ample parking in a well-lit lot, along with 24/7 keyed access for tenants. Currently available are two contiguous suites, Suite G (1,548 sq ft with six rooms) and Suite H (1,288 sq ft with four rooms), totaling 2,636 sq ft of leasable space. These suites feature abundant natural light from numerous windows. The building enjoys a strong tenant base, including established businesses. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in Tacoma.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $852k - $2.33M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.434
    Latitude
    47.1762
    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
    $10,499
    $504,800
    $439,400
    $944,200
    -
    $504,800
    $439,400
    $944,200

    Comparable in this City

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      12201 Pacific S Ave

      OFFICE (GENERAL) • 7,940 SF
      12201 Pacific S Ave, Tacoma, WA 98444-5126
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    • Value Estimation
      $765,000
      4,028 SF

      12918 Park S Ave

      OFFICE (GENERAL) • 4,028 SF
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    • Value Estimation by Request
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      12181 C S St

      OFFICE (GENERAL) • 1,571 SF
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    • Value Estimation
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      3,060 SF

      15005 Pacific S Ave

      OFFICE (GENERAL) • 3,060 SF
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      View Details
    • Value Estimation by Request
      2,052 SF

      8849 Pacific Ave

      OFFICE (GENERAL) • 2,052 SF
      8849 Pacific Ave, Tacoma, WA 98444-6474
      View Details

    Similar Nearby for Sale

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      Turn-key investment opportunity with stable cash flow and freeway connectivity.
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      Office Space with Garages

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    Similar Nearby for Lease

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      Second Floor Office Space Available

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      End Cap Retail/Office Space

      End cap retail/office space in North Shops building.
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      High-Quality Office Space Available

      Office space with high-quality finishes and ample parking.
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      Mixed-Use Property on Spanaway Loop

      2.36 acre mixed-use property with office and garage.
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      Retail and Office Space Available

      Retail and office spaces in high-traffic location near university.
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    • New
      Contact for pricing
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      Remodeled Commercial Space on Pacific

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      View Details
    View Listing
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    Tacoma, WA 98444
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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