Building Details

Building Size 17,034 SF

Year Built 1923

Listing Agency: Lee & Associates Commercial Real Estate Services

Listed By: Kyle Prosser Show Phone

Source: Lee-associates

Added: Mar 7 Changed: Oct 11 Last Checked: Oct 23 at 4:09AM

Report an Issue

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 Lee & Associates Commercial Real Estate Services

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront property is offered for sale and includes two street addresses, 1115 & 1113 A St, Tacoma, WA. The asset totals 17,000 square feet, providing room for multiple retail configurations within the existing storefront format.

The property’s address is the primary location detail available at this time. Please contact us for additional information on unit layout, leasing status, and any included improvements or configurations.

Key Highlights

• Retail storefront property for sale at 1115 and 1113 A St in Tacoma
• Year built: 1923

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$204,970

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,099,400 $4.1M

Cap Rate 7%

$2,928,143 $2.9M

Cap Rate 9%

$2,277,444 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,034 SF

Gross rent

$306.6K $18.00/SF

− Vacancy

−$13.8K −$0.81/SF

EGI

$292.8K $17.19/SF

− OpEx

−$87.8K −$5.16/SF

NOI

$205.0K $12.03/SF

Area

Tacoma, WA

Vacancy

4.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,099,400

Cap Rate 7%

$2,928,143

Cap Rate 9%

$2,277,444

Alternative Uses

Best Use

Retail

$2.93M

$2.56M – $3.42M (±1% cap)

NOI $204,970 @ 7.0% cap · market cap 9.11%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.24M

$4.58M – $6.11M (±1% cap)

NOI $366,504 @ 7.0% cap · market cap 16.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

McCallum & Sons Whisky ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Clothing & Fashion Store Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,119

Businesses Nearby

49k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Hotels & Casinos 35% Shops & Services 5%

McDonald's Dining

28,302 visits/mo 0.4 miles

Marriott Tacoma Downtown Hotels & Casinos

11,090 visits/mo 0.4 miles

Courtyard Tacoma Downtown Hotels & Casinos

6,246 visits/mo 0.3 miles

Domino's Pizza Dining

1,484 visits/mo 0.2 miles

Enterprise Rent-A-Car Shops & Services

1,235 visits/mo 0.2 miles

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Multi-Tenant Flex Property

102 South 26th St, Tacoma, WA 98402

$1,550,000

14,888 SF

View details

Standalone Flex Building For Sale

4901 Center St, Tacoma, WA 98409

$4,255,000

23,654 SF

View details

Retail Storefront Shopping Center

233 140th St S, Tacoma, WA 98444

$3,832,240

11,808 SF

View details

Retail Property with Established Tenant

8222 Tacoma Way, Tacoma, WA 98499

$1,500,000

10,956 SF

View details

High-Visibility Mixed-Use Potential

1016 S TENTH ST, Tacoma, WA 98405

Contact for pricing

19,024 SF

View details

Multi-Tenant Shopping Center

6401 Tacoma, Tacoma, WA 98409

$1,860,000

4,969 SF

View details

Retail Space

2024 6th Ave, Tacoma, WA 98403

Contact for pricing

13,300 SF

View details

Storefront Property with Rear Yard

8816 Bridgeport Way SW, Tacoma, WA 98499

Contact for pricing

11,160 SF

View details

Retail Storefront Property

2525 Tacoma Ave S, Tacoma, WA 98402

$850,000

View details

Two-Story Office Building

5005 Center St, Tacoma, WA 98409

Contact for pricing

8,492 SF

View details

Downtown Tacoma Office/Retail Space

732 Broadway Ste 102, Tacoma, WA 98402

$675,000

2,630 SF

View details

Retail Space with High Ceilings

936 Pacific Ave, Tacoma, WA 98402

Contact for pricing

6,800 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - Retail storefront property offered for sale at 1115 and 1113 A St in Tacoma.

Where is this retail space located?

The property is located at 1115 A St Tacoma, WA.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Retail storefront property for sale at 1115 and 1113 A St in Tacoma; Year built: 1923