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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tacoma, WA 98402

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2778787
    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

    • Retail properties

    Property Details

    Property type
    Retail properties
    APN
    2000200674
    APU
    2000200674

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.446
    Latitude
    47.2635
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,732 SF

      901 Pacific Ave

      Retail properties • 6,732 SF
      901 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      156,037 SF

      2102-2135 Commerce St

      Office Properties & Spaces • 156,037 SF
      2102-2135 Commerce St, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      21,354 SF

      5101 Main St

      Individual retail properties • 21,354 SF
      5101 Main St, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      2,147 SF

      2502-2512 Pacific Ave

      Restaurants • 2,147 SF
      2502-2512 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      74,360 SF

      917 Pacific Ave

      Office space • 74,360 SF
      917 Pacific Ave, Tacoma, WA 98402
      View Details
    • Value Estimation by Request
      105,000 SF

      1101 Pacific Ave

      Office Properties & Spaces • 105,000 SF
      1101 Pacific Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,800 SF

      Prime Tacoma Executive Office Space

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

      Brewery Blocks Suite 2122

      Tacoma Restaurant/Office Space
      2122 Commerce St, Tacoma, WA 98402
      View Details
    • $1,450,000

      Downtown Tacoma Redevelopment Opportunity

      25,500 SF building on 9,184 SF site in Tacoma.
      919 Market St, Tacoma, WA 98402
      View Details
    • $675,000
      2,630 SF

      Tacoma Executive Office Suite

      Historic Tacoma Office Space, $675,000
      732 Broadway, Tacoma, WA 98402
      View Details
    • $2,250,000
      10,550 SF

      2302 Fawcett Ave

      Restaurants • 10,550 SF
      2302 Fawcett Ave, Tacoma, WA 98402
      View Details
    • $2,250,000
      12,541 SF

      Downtown Tacoma Executive Office Building

      Prime Tacoma location, high occupancy, strong NOI.
      909 Pacific Ave, Tacoma, WA 98402
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      4,490 SF

      Retail Space in Tacoma Available

      Retail property available for lease in Tacoma, Washington.
      2-12 N Tacoma Ave, 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
    • $16 SF/Yr
      74,360 SF

      Downtown Tacoma Office Space

      Historic building, diverse office suites, prime location.
      917 Pacific Ave, Tacoma, WA 98402
      View Details
    • $17 SF/Yr
      2,500 SF

      Tacoma Restaurant Space Available

      Prime Tacoma location, single-tenant retail.
      720 Pacific Ave, Tacoma, WA 98402
      View Details
    • $21 SF/Yr
      105,000 SF

      Downtown Tacoma Office Space

      Class B Office Building, 105,000 sqft
      1101 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing
      3,564 SF

      Retail Space in Tacoma

      Retail property available for lease in Tacoma, Washington.
      1250 Pacific Ave, Tacoma, WA 98402
      View Details
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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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