High-Traffic Commercial Property For
2206 96th St S Tacoma, WA 98444
For Sale
$950,000
Corner lot with income potential in a high-traffic location.
Property Size2,160 SF
Price / SF$439.81
Days on Market633
Property Features for 2206 96th St S
General Information
Standard status
Active
Size
2,160 SF
Building Details
Year Built
1986
Listing Agency:
TS PROPERTY MANAGEMENT, INC.
(253) 249-8011
Listed By:
BRIAN SEUNG SHIN
Source:
Corcoran
Added: Nov 4, 2024
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 TS PROPERTY MANAGEMENT, INC.
Investment Insights
Based on property information with market context.
This commercial property, formerly a car wash, is situated on a corner lot with high visibility and accessibility. The 2,160-square-foot property is located in a high-traffic area and features two billboard signs that generate income. The existing layout is suitable for a car wash or redevelopment for other commercial uses. The property is located in a bustling area and offers flexible potential for various business opportunities. Buyers should verify feasibility for their intended use.
Key Highlights
- Prime commercial property in a bustling area.
- High‑traffic corner lot location with excellent visibility and easy access.
- Added income potential from two large billboard signs.
Financial Insights For Specialty 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 | $43.3k | $20.04 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $41.6k | $19.24 |
| − OpEx | −$10.4k | −$4.81 |
| NOI | $31.2k | $14.43 |
2,160 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$445.2K
$389.6K – $519.4K
NOI $31,166 @ 7.0% cap · market cap 3.28%
Second Best
Retail
$371.3K
$324.9K – $433.2K
NOI $25,991 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$663.9K
$580.9K – $774.6K
NOI $46,475 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Car wash - Corner lot with income potential in a high-traffic location.
Where is this car wash located?
The property is located at 2206 96th St S Tacoma, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime commercial property in a bustling area.; High‑traffic corner lot location with excellent visibility and easy access.; Added income potential from two large billboard signs.
