1614 Mildred StTacoma, WA 98465

Property Details for 1614 Mildred St

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.12 AC

Property size (Sq ft)

28,105 SF

Property type

Office properties

APN

220038022

APU

220038022

Description

James Center North, a multi-tenant commercial property in Pierce County, offers a unique investment opportunity. This Class B complex, totaling 53,500 square feet, comprises four buildings with sixteen suites across two stories, built in 1983 and renovated in 2001. Currently, 14,121 square feet of space is available for lease, with individual suites ranging from 1,875 to 7,864 square feet, ideal for a variety of retail and office uses. The property sits on a substantial 6.92-acre lot (301,321 square feet) and benefits from ample parking with 88 spaces. Its strategic location offers excellent visibility and accessibility, situated directly across from Tacoma Community College and adjacent to the Fred Meyer Center, ensuring high foot traffic and convenient access to Highway 16. The CCX zoning allows for diverse commercial uses. The property boasts good signage opportunities and benefits from a strong mix of retail and office co-tenancy. The four separate APNs are 0220038022, 0220038018, 0220038019, 0220038021, and 0220338020. This well-positioned property presents a compelling opportunity for businesses seeking a prominent location in a thriving Tacoma area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,605,282

  6.5%

  $7,020,260

  7%

  $6,518,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,536,748

  Geo Method

  $5,412,461

• Alternative Use

  Use

  Valuation

  Residential

  $8,705,123

  Hospitality

  $7,973,846

  Educational

  $6,634,146

  Medical

  $6,862,304

  Retail

  $10,319,783

Location Insight

City

Tacoma

County

Pierce

State

Washington

Latitude

47.2462

Longitude

-122.528

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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