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    809 S 38Th St Tacoma, WA 98418

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    For Sale
    $1,269,000

    Mixed-use property in Tacoma's Lincoln District with redevelopment potential.

    Lot size:
    0.30 Acres

    Property Features for 809 S 38Th St

    General Information

    Lot size
    0.30 Acres

    Source: Venture Real Estate Group Agent Tammie Tom-Freeman

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

    Overview

    Tacoma Mixed-Use Redevelopment Opportunity

    This mixed-use property is located in the heart of Tacoma's revitalized Lincoln District, presenting a rare investment or owner-user opportunity. The second level has framework with previous residential units, offering the potential to build 12-13 studio/1-bed units on the upper level, complemented by 3-4 retail units on the main level. The property features multi-use zoning and is situated near multiple new development sites within the revitalized Lincoln District. The main level includes an attached warehouse. Designated parking is available behind the building. The location provides convenient access to Tacoma Mall, T-Mobile, 24 Hour Fitness, Safeway, Target, and more. This property is being sold "As Is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Vac Inc Vacuum Cleaner Store

    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
    -122.4438182
    Latitude
    47.2233237

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Tacoma's Lincoln District with redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 809 S 38Th St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,269,000.
    What are key features of this property?
    This property features: - High proforma CAP rate of 7.45% indicates strong income potential.; - Opportunity to build 12-13 studio/1-bed residential units on the upper level.; - Potential for 3-4 retail units on the main level.
    (425) 835-2304
    Request Owner's contact information
    809 S 38Th St Tacoma, WA 98418
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    Tacoma, WA 98418
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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
    809 S 38Th St Tacoma, WA 98418
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