101 26Th StTacoma, WA 98421

Property Details for 101 26Th St

Year built

1909

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

21,834 SF

Zone code

WR

Property type

Office properties

APN

2076150012

APU

2076150012

Description

This exceptional three-story office building, located at 101 & 109 E 26th Street in Tacoma, WA, presents a unique investment opportunity. Priced below assessed value, this property offers significant upside potential. The building boasts a pristine interior and exterior, beautifully landscaped grounds, and is mostly fenced. Its strategic location across from the Almond Roca building provides excellent visibility and easy freeway access, placing it just blocks from downtown Tacoma and the Tacoma Dome. Recent upgrades include a newer roof, a modern HVAC system, and earthquake retrofitting, ensuring both functionality and safety. The building features an elevator for convenient access to all three floors, with the third floor offering stunning Port views. Adding to the income stream, a 37-space parking lot generates additional revenue, particularly during Tacoma Dome events. This property is ideally suited for an owner-occupier, investor seeking a value-add opportunity, or a developer considering multi-family conversion or new apartment construction on the adjacent land. The asking price is $2,929,000. The lot size is 0 acres. The building is classified as General Commercial.

• CAP approach

  CAP return

  Valuation

  6%

  $5,908,334

  6.5%

  $5,453,847

  7%

  $5,064,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,855,092

  Geo Method

  $4,204,792

• Alternative Use

  Use

  Valuation

  Residential

  $6,762,770

  Hospitality

  $6,194,661

  Educational

  $5,153,886

  Medical

  $5,331,136

  Retail

  $8,017,155

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2385

Longitude

-122.433

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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