Live-Work Office
For Sale
Contact for pricing
1212 S 11 St, Tacoma, WA 98405
Commercial or live-work space with an open floor plan, ready for finishes, plus owned and street parking.
Property Size1,321 SF
Price / SF$310.37
Days on Market171
Property Features for 1212 S 11 St
General Information
Standard status
Active
Size
1,321 SF
Property subtype
OFFICE
Listing Agency:
NWC - KV LLC
(253) 779-2403
Listed By:
Derrick Urquhart
(253) 779-2403
Source:
Moodyscre
Added: Feb 10
Changed: Jul 26
Last Checked: Jul 30 at 12:13PM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
This commercial or live-work space features a great open floor plan that is ready for tenant improvements and finishes. The property is being sold as-is.
Owned and street parking are available to support day-to-day access for occupants and visitors.
For sale as a flexible live-work or office configuration, the interior layout provides a straightforward foundation for customizing the space to your use needs.
Owned and street parking are available to support day-to-day access for occupants and visitors.
For sale as a flexible live-work or office configuration, the interior layout provides a straightforward foundation for customizing the space to your use needs.
Key Highlights
- Commercial or live/work space with an open floor plan
- Space is ready for finishes
- Owned and street parking available
Financial Insights For Office B
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 | $35.7k | $27.00 |
| − Vacancy | −$7.1k | −$5.40 |
| EGI | $28.5k | $21.60 |
| − OpEx | −$7.1k | −$5.40 |
| NOI | $21.4k | $16.20 |
1,321 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$305.7K
$267.5K – $356.7K
NOI $21,400 @ 7.0% cap · market cap 5.22%
Second Best
Mixed Use
$260.4K
$227.9K – $303.8K
NOI $18,230 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$406.0K
$355.3K – $473.7K
NOI $28,423 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
Explore this area
Business Placement
Demographics for 98405, WA
24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial or live-work space with an open floor plan, ready for finishes, plus owned and street parking.
Where is this live-work space located?
The property is located at 1212 S 11 St Tacoma, WA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Commercial or live/work space with an open floor plan; Space is ready for finishes; Owned and street parking available
