Versatile Commercial Building in New Tacoma

1219 Earnest S Brazill St, Tacoma, WA 98405

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For Sale

$514,286

2800sf commercial building with 5+ offices and NCX zoning.

Type:Commercial

Property size:

2,800 SF

Price / SF:

$183/SF

HighLights

Versatile 2800sf commercial building.
NCX zoning allows for a variety of uses and the potential to rebuild up to 5 stories.
Two separate entrances enable splitting the building into two distinct businesses for additional income.
Located just 2 blocks from MLK Jr Way and the Tacoma Light Link Rail, providing easy access to New Tacoma and the Tacoma business district.
The building features 5+ offices, 3 bathrooms, 2 conference rooms, a kitchen, and a lobby with a waiting room.
Located in New Tacoma.

We can help!

Contact an agent

DALE FLATEN

For Sale

$514,286

2800sf commercial building with 5+ offices and NCX zoning.

Type:Commercial

Property size:

2,800 SF

Price / SF:

$183/SF

Added:: Apr 18, 2024
Days on Market:: 809
Last Refresh:: May 10 at 9:40 pm

Property Features for 1219 Earnest S Brazill St

General Information

Standard status: Active
Size: 2,800 SF
Property subtype: Commercial

Building Details

Year Built: 1959

We can help!

Contact an agent

DALE FLATEN

Listing office BLUE EMERALD REAL ESTATE COMPANY

Listing date Apr 18, 2024

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 BLUE EMERALD REAL ESTATE COMPANY

HighLights

Versatile 2800sf commercial building.
NCX zoning allows for a variety of uses and the potential to rebuild up to 5 stories.
Two separate entrances enable splitting the building into two distinct businesses for additional income.
Located just 2 blocks from MLK Jr Way and the Tacoma Light Link Rail, providing easy access to New Tacoma and the Tacoma business district.
The building features 5+ offices, 3 bathrooms, 2 conference rooms, a kitchen, and a lobby with a waiting room.
Located in New Tacoma.

Overview

This commercial building, located in New Tacoma, offers 2800 square feet of space. The property is zoned NCX, allowing for a variety of uses. The building currently features 5 or more offices, 3 bathrooms, 2 conference rooms, and a kitchen. A lobby with a waiting room is available for greeting clients. The property has 2 separate entrances, allowing it to be split into 2 distinct businesses. The NCX zoning allows for the potential to rebuild up to 5 stories high. The building is located 2 blocks from MLK Jr Way and the Tacoma Light Link Rail, providing access to the New Tacoma and Tacoma business district.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.6k	$27.00
− Vacancy	−$15.1k	−$5.40
EGI	$60.5k	$21.60
− OpEx	−$15.1k	−$5.40
NOI	$45.4k	$16.20

2,800 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$648.0K

$567.0K – $756.0K (±1% cap)

NOI $45,360 @ 7.0% cap · market cap 8.82%

Second Best

—

no second resolved use

Theoretical Best

Office A

$860.6K

$753.1K – $1.00M (±1% cap)

NOI $60,245 @ 7.0% cap · market cap 11.71%

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

Property Profile Location Intelligence

Current Use by Public Records

Confidential Associates, LLC Crisis Center Elizabeth Johnson, MA Crisis Center Eric K. Miller Crisis Center Greg Scea, MA Crisis Center Clinicians Assistant Medical Clinic

Suggested Use

Location Insight

Map
Local Demand

City: Tacoma
County: Pierce
State: Washington
Longitude: -122.454
Latitude: 47.2509

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For sale
Office buildings
WA
Tacoma
98405
1219 Earnest S Brazill St

What type of property is this?

Office building - 2800sf commercial building with 5+ offices and NCX zoning.

Where is this office building located?

The property is located at 1219 Earnest S Brazill St Tacoma, WA.

What is the asking price?

The asking price for this property is $514,286.

What are key features of this property?

This property features: Versatile 2800sf commercial building.; NCX zoning allows for a variety of uses and the potential to rebuild up to 5 stories.; Two separate entrances enable splitting the building into two distinct businesses for additional income.

1219 Earnest S Brazill St, Tacoma, WA 98405

2800sf commercial building with 5+ offices and NCX zoning.

Property Features for 1219 Earnest S Brazill St

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

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

Industrial Parcel with M2 Zoning

Downtown Tacoma Investment Property

Tacoma Redevelopment Opportunity

Tacoma Investment Property For Sale

Mixed-Use Flex Warehouse with Office

Downtown Tacoma Owner-User Opportunity

Historic Office Mansion with Penthouse

Tacoma Industrial Property with Yard

Tacoma Retail Center For Sale

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