For sale
Manufacturing properties
WA
Tacoma
98421
1904 Stewart St

Tacoma Industrial Building with Yard

1904 Stewart St, Tacoma, WA 98421

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For Sale

$1,350,000

7,432 SF industrial building with remodeled office space and yard.

Property size:

7,432 SF

Price / SF:

$181/SF

HighLights

Conveniently located on the Tacoma Tide Flats, just 4 minutes from Interstate 5.
Approximately 4,080 sq. ft. of office space is being remodeled, allowing for customizable layout.
Features a 2,200 sq. ft. room with two‑story clear height suitable for manufacturing and assembly.
Includes two 10' wide doors providing drive‑through access for machinery or tractor‑trailers.
Has an attached 3‑bay metal storage building, approximately 1,150 sq. ft. in area.
The property is level and fenced.

We can help!

Listing Contact

MICHAEL FLYNN

For Sale

$1,350,000

7,432 SF industrial building with remodeled office space and yard.

Property size:

7,432 SF

Price / SF:

$181/SF

Added:: May 6, 2025
Days on Market:: 408
Last Refresh:: Mar 16 at 9:09 am

Property Features for 1904 Stewart St

General Information

Standard status: Active
Size: 7,432 SF

Building Details

Year Built: 1968

We can help!

Listing Contact

MICHAEL FLYNN

Listing agent MICHAEL FLYNN

Listing office COLDWELL BANKER BAIN-BELLEVUE

Listing date May 6, 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 COLDWELL BANKER BAIN-BELLEVUE

HighLights

Conveniently located on the Tacoma Tide Flats, just 4 minutes from Interstate 5.
Approximately 4,080 sq. ft. of office space is being remodeled, allowing for customizable layout.
Features a 2,200 sq. ft. room with two‑story clear height suitable for manufacturing and assembly.
Includes two 10' wide doors providing drive‑through access for machinery or tractor‑trailers.
Has an attached 3‑bay metal storage building, approximately 1,150 sq. ft. in area.
The property is level and fenced.

Overview

This approximately 7,432 sq. ft. light industrial building is located on the Tacoma Tide Flats, about 4 minutes from Interstate 5. The construction is metal post-and-beam, with metal siding and a metal roof. Approximately 4,080 sq. ft. of office space has been remodeled with new drywall, ceilings, and wiring. This work is unfinished, making it easy to configure the layout to suit. A 2,200 sq. ft. room with two-story clear height has been used for manufacturing and assembly. Two 10' wide doors allow passage of machinery or a tractor-trailer to pass through the building to the rear storage yard. Connected to and behind the manufacturing area is a 3-bay metal storage building, approximately 1,150 sq. ft. in area. The parcel is level and fenced.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$124.0k	$16.68
− Vacancy	−$10.3k	−$1.38
EGI	$113.7k	$15.30
− OpEx	−$17.1k	−$2.29
NOI	$96.6k	$13.00

7,432 SF · lease $16.68/SF/yr · vacancy 8.30% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,625 @ 7.0% cap · market cap 7.16%

Second Best

Industrial

$1.14M

$994.7K – $1.33M (±1% cap)

NOI $79,574 @ 7.0% cap · market cap 5.89%

Theoretical Best

Office A

$2.28M

$2.00M – $2.67M (±1% cap)

NOI $159,907 @ 7.0% cap · market cap 11.84%

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

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Tacoma
County: Pierce
State: Washington
Longitude: -122.414
Latitude: 47.2523

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For sale
Manufacturing properties
WA
Tacoma
98421
1904 Stewart St

What type of property is this?

Manufacturing property - 7,432 SF industrial building with remodeled office space and yard.

Where is this manufacturing property located?

The property is located at 1904 Stewart St Tacoma, WA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Conveniently located on the Tacoma Tide Flats, just 4 minutes from Interstate 5.; Approximately 4,080 sq. ft. of office space is being remodeled, allowing for customizable layout.; Features a **2,200 sq. ft. room with two‑story clear height suitable for manufacturing and assembly**.

1904 Stewart St, Tacoma, WA 98421

7,432 SF industrial building with remodeled office space and yard.

Property Features for 1904 Stewart St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Multifamily Investment Opportunity

Multifamily Opportunity in Tacoma

Tacoma Warehouse with Secured Yard

Downtown Tacoma Investment Property

Tacoma Redevelopment Opportunity

Tacoma Investment Property For Sale

Downtown Tacoma Owner-User Opportunity

Historic Office Mansion with Penthouse

Tacoma Industrial Property with Yard

Tacoma Retail Center For Sale

Industrial Property with Outdoor Storage

Three-Unit Office Building

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