Office Building with
For Sale
Contact for pricing
1008 Yakima Ave, Tacoma, WA 98405
Four office tenants occupy the three-story building, alongside an adjoining paved property for parking and storage.
Property Size6,696 SF
Price / SF$388.29
Days on Market37
Property Features for 1008 Yakima Ave
General Information
Standard status
Active
Size
6,696 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Neighborhood
Central
Building Details
Stories
3
Building Size
6,696 SF
Tenancy
Multi
Listing Agency:
NWC - KV LLC
(253) 779-8400
Listed By:
John DeHan
(253) 779-2433
Source:
Moodyscre
Added: Sep 17
Changed: Oct 19
Last Checked: Oct 23 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NWC - KV LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The three-story office building contains approximately 6,696 SF and is occupied by four office tenants. An adjoining paved property includes parking and a storage garage, adding a separate support component to the office asset.
The ownership comprises multiple tax parcels, and the office building and adjacent parking and storage parcels may be purchased separately.
The ownership comprises multiple tax parcels, and the office building and adjacent parking and storage parcels may be purchased separately.
Key Highlights
- Three‑story office building with approximately 6,696 SF
- Four office tenants; building is fully occupied
- Adjoining paved property includes parking and a storage garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,475
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,500
$2.2M
Cap Rate 7%
$1,549,643
$1.5M
Cap Rate 9%
$1,205,278
$1.2M
Market Conditions
NOI Build-Up for 6,696 SF
Gross rent
$180.8K $27.00/SF
− Vacancy
−$36.2K −$5.40/SF
EGI
$144.6K $21.60/SF
− OpEx
−$36.2K −$5.40/SF
NOI
$108.5K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,500
Cap Rate 7%
$1,549,643
Cap Rate 9%
$1,205,278
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,475 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,071 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 98405, WA
24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Four office tenants occupy the three-story building, alongside an adjoining paved property for parking and storage.
Where is this office building located?
The property is located at 1008 Yakima Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Three‑story office building with approximately 6,696 SF; Four office tenants; building is fully occupied; Adjoining paved property includes parking and a storage garage
