748 Market StTacoma, WA 98402

Property Details for 748 Market St

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

683 SF

Zone code

DCC

Property type

Office properties

APN

2007080070

APU

2007080070

Description

This exceptional three-story Class B office building, located at 748 Market Street in Tacoma, Washington, presents a unique leasing opportunity. Built in 1927 and extensively renovated in 2019, the property boasts 15,324 square feet of total space, with 4,983 square feet currently available for lease. The building is situated on a 0.21-acre lot and features a multiple tenancy structure, ideal for a variety of business needs. The property is zoned DCC and is conveniently located in Pierce County, Washington, with a 98402 zip code. The building offers ample parking, with a ratio of approximately four spaces per 1,000 square feet. This executive office space provides a blend of historic charm and modern functionality, making it an attractive option for businesses seeking a prestigious address in a vibrant urban setting. The building's 1927 construction provides character, while the 2019 renovation ensures modern amenities and functionality. The available space offers significant potential for customization to meet specific business requirements. Interested parties are encouraged to inquire about this exceptional leasing opportunity in the heart of Tacoma.

• CAP approach

  CAP return

  Valuation

  6%

  $184,821

  6.5%

  $170,604

  7%

  $158,418

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,156

  Geo Method

  $131,532

• Alternative Use

  Use

  Valuation

  Residential Income

  $211,550

  Hospitality / Lodging

  $193,778

  Institutional / Educational

  $161,221

  Healthcare / Senior Housing

  $166,766

  Retail / Commercial

  $250,789

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2557

Longitude

-122.443

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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