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 Market262
Property Features for 1212 S 11 St
General Information
Standard status
Active
Size
1,321 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Central
Listing Agency:
NWC - KV LLC
(253) 779-8400
Listed By:
Derrick Urquhart
(253) 779-2403
Source:
Moodyscre
Added: Feb 10
Changed: Oct 25
Last Checked: Oct 28 at 10:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$21,400
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,000
$428.0K
Cap Rate 7%
$305,714
$305.7K
Cap Rate 9%
$237,778
$237.8K
Market Conditions
NOI Build-Up for 1,321 SF
Gross rent
$35.7K $27.00/SF
− Vacancy
−$7.1K −$5.40/SF
EGI
$28.5K $21.60/SF
− OpEx
−$7.1K −$5.40/SF
NOI
$21.4K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,000
Cap Rate 7%
$305,714
Cap Rate 9%
$237,778
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.
How Realmo checks its estimates
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
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
