Tacoma Commercial Building For
For Sale
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101 S 10th St, Tacoma, WA 98402
Commercial building in Tacoma's Central Business District, for sale or lease.
Property Size6,260 SF
Lot Size0.34 Acres
Price / SF$471.25
Days on Market844
Property Features for 101 S 10th St
General Information
Standard status
Active
Size
6,260 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Listing Agency:
NWC - KV LLC
(253) 779-2433
Listed By:
John DeHan
(253) 779-2433
Source:
Moodyscre
Added: Apr 11, 2024
Changed: Jul 6
Last Checked: Jul 21 at 8:25AM
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
Investment Insights
Based on property information with market context.
This commercial building, located in Tacoma’s Central Business District, is available for sale or lease. The property features custom build-to-suit elements and 18-foot ceilings, along with prominent signage. It includes a 1,500-square-foot mezzanine and a 4,560-square-foot basement, which is currently leased to Enigma Escapes Escape Room on a 3-year lease. Newly constructed on-site parking provides 20 stalls. The building benefits from close proximity to many downtown amenities and offers easy access to I-705 and I-5. Recent upgrades include a new HVAC system, roof, interior finishes, and restrooms. The zoning is DCC (Downtown Commercial Core).
Key Highlights
- Located in Tacoma’s Central Business District with close proximity to many downtown amenities.
- Newly constructed on‑site parking with 20 stalls.
- Basement is leased to Enigma Escapes Escape Room providing immediate income.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.0k | $27.00 |
| − Vacancy | −$33.8k | −$5.40 |
| EGI | $135.2k | $21.60 |
| − OpEx | −$33.8k | −$5.40 |
| NOI | $101.4k | $16.20 |
6,260 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,412 @ 7.0% cap · market cap 3.44%
Second Best
Retail
$1.08M
$941.6K – $1.26M
NOI $75,327 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,690 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial building in Tacoma's Central Business District, for sale or lease.
Where is this office building located?
The property is located at 101 S 10th St Tacoma, WA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Located in Tacoma’s Central Business District with close proximity to many downtown amenities.; Newly constructed on‑site parking with 20 stalls.; Basement is leased to Enigma Escapes Escape Room providing immediate income.
