Adaptable Commercial Space For
4820 Washington St Tacoma, WA 98409
For Sale
$1,660,800
Commercial property suitable for retail, showroom, or light industrial use.
Property Size5,536 SF
Price / SF$300
Days on Market541
Property Features for 4820 Washington St
General Information
Standard status
Active
Size
5,536 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(206) 228-1847
Listed By:
BILLY MOULTRIE
Source:
Corcoran
Added: Feb 4, 2025
Changed: Jul 6
Last Checked: Jul 29 at 10:26AM
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
Investment Insights
Based on property information with market context.
This property is located in an established commercial and industrial area, offering high accessibility. It features adaptable space suitable for retail, showroom, or light industrial purposes. The site includes dedicated parking, which is beneficial for both customers and staff.
Key Highlights
- Established commercial and industrial area location.
- High accessibility.
- Dedicated parking.
Financial Insights For Retail
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 | $99.6k | $18.00 |
| − Vacancy | −$4.5k | −$0.81 |
| EGI | $95.2k | $17.19 |
| − OpEx | −$28.5k | −$5.16 |
| NOI | $66.6k | $12.03 |
5,536 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$951.6K
$832.7K – $1.11M
NOI $66,615 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$846.8K
$740.9K – $987.9K
NOI $59,273 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,113 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- AST Floors — 5049 S Tacoma Way, Tacoma, WA 98409
- Mosaic Tile Arts — 3501 S 54th St, Tacoma, WA 98409
- T & A Supply Company Inc — 5211 S Washington St # A, Tacoma, WA 98409
Frequently Asked Questions
What type of property is this?
Showroom - Commercial property suitable for retail, showroom, or light industrial use.
Where is this showroom located?
The property is located at 4820 Washington St Tacoma, WA.
What is the asking price?
The asking price for this property is $1,660,800.
What are key features of this property?
This property features: Established commercial and industrial area location.; High accessibility.; Dedicated parking.
