18823 Pacific Ave S, Spanaway, WA 98387
Retail location with high exposure and ample parking.
- Added:
- Apr 18, 2025
- Days on Market:
- 423
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 18823 Pacific Ave S
General Information
- Standard status
- Active
- Size
- 4,800 SF
Building Details
- Year Built
- 1950
Listing agent GREGORY GARNER
Listing office COMPASS WASHINGTON
Listing date Apr 18, 2025
Source Corcoran
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 COMPASS WASHINGTON
HighLights
- Direct exposure to Pacific Avenue
- Over 4800 sqft of redone interior space
- Free standing signage in place
- Suitable parking for customers and staff
- Priced below tax valuation
- Attractive retail location
Overview
Local 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 | $69.1k | $14.40 |
| − Vacancy | −$9.7k | −$2.02 |
| EGI | $59.4k | $12.38 |
| − OpEx | −$17.8k | −$3.72 |
| NOI | $41.6k | $8.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spanaway
- County
- Pierce
- State
- Washington
- Longitude
- -122.435
- Latitude
- 47.0857
