Furnished Office Suite with Private
For Sale
Contact for pricing
12202 Pacific Ave S, Tacoma, WA 98444
Remodeled, furnished Class B office suite offers four private offices and conference room with flexibility at availability.
Property Size5,938 SF
Price / SF$370.50
Days on Market232
Property Features for 12202 Pacific Ave S
General Information
Standard status
Active
Size
5,938 SF
Property subtype
OFFICE
Additional Details
Cap Rate
6.75%
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
C & J Realty
(253) 307-4677
Listed By:
Cassandra Day · License #25006802
(253) 307-4677
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Jul 30
Last Checked: Jul 30 at 8:58AM
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 C & J Realty
Investment Insights
Based on property information with market context.
12202 Pacific Ave S, Tacoma, WA 98444 presents a fully leased office asset with approximately 1,822 SF available, with the seller willing to lease back or vacate. The space is professionally maintained and described as having an established operating history.
The offering includes an extensively remodeled Class B office suite of approximately 1,800 SF, fully furnished with built-in desks, four private offices, a conference room, and dedicated storage. Seller-provided performance context indicates an approximate 6.75% in-place cap rate supported by stable, in-place income. Capital improvements were completed in 2024.
Access and visibility are emphasized along the Pacific Avenue corridor, with immediate freeway access to Hwy 512 and I-5. The current tenant mix is described as diverse, which may help reduce rollover risk and support longer-term stability for an owner-occupied or investment-focused buyer.
The offering includes an extensively remodeled Class B office suite of approximately 1,800 SF, fully furnished with built-in desks, four private offices, a conference room, and dedicated storage. Seller-provided performance context indicates an approximate 6.75% in-place cap rate supported by stable, in-place income. Capital improvements were completed in 2024.
Access and visibility are emphasized along the Pacific Avenue corridor, with immediate freeway access to Hwy 512 and I-5. The current tenant mix is described as diverse, which may help reduce rollover risk and support longer-term stability for an owner-occupied or investment-focused buyer.
Key Highlights
- Extensively remodeled Class B office suite, approximately 1,800 SF
- Fully furnished with built‑in desks, four private offices, and conference room
- Approximately 1,822 SF available; seller willing to lease back or vacate
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 | $160.3k | $27.00 |
| − Vacancy | −$32.1k | −$5.40 |
| EGI | $128.3k | $21.60 |
| − OpEx | −$32.1k | −$5.40 |
| NOI | $96.2k | $16.20 |
5,938 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $96,196 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,762 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled, furnished Class B office suite offers four private offices and conference room with flexibility at availability.
Where is this office units located?
The property is located at 12202 Pacific Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Extensively remodeled Class B office suite, approximately 1,800 SF; Fully furnished with built‑in desks, four private offices, and conference room; Approximately 1,822 SF available; seller willing to lease back or vacate
