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    5435 M St Tacoma, WA 98408

    For Sale
    $979,950

    Two-story mixed-use building with apartments, office space, and cell tower.

    Property size:
    7,875 SF

    Property Features for 5435 M St

    General Information

    Size
    7,875 SF

    Building Details

    Year built
    1946

    Source: KELLER WILLIAMS REALTY TACOMA Agent JEFF JENSEN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Income Streams

    This two-story mixed-use building offers approximately 7,875 square feet of space. The building features five apartment units on the upper level. The main floor is primarily office space with one additional apartment suitable for ADA or special needs. Included in the sale are two one-car garage spaces located off the alleyway. A lease agreement with T-Mobile for a cell tower provides an additional income stream. The property has been partially upgraded in the office area, and the apartments have been updated over the years. This building is suitable for owner-occupants, investors, or non-profit organizations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Network Tacoma Non-Profit Organization Jeremy Wekell Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4506589
    Latitude
    47.2069607

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with apartments, office space, and cell tower.
    Where is this mixed-use property located?
    The property is located at 5435 M St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $979,950.
    What are key features of this property?
    This property features: - Mixed-use building with multiple income streams (apartments, office, cell tower lease).; - Turn-key condition with partially upgraded office space and updated apartments.; - Approximately 8,000 sq ft of space across two levels.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5435 M St Tacoma, WA 98408
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