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    Rehabbed Office Building Near Downtown Title is generated by Realmo AI

    919 S 9th St, Tacoma, WA 98405

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    For Sale
    $1,650,000

    Recently renovated office building with parking near downtown Tacoma.

    Type:Office
    Property size:
    6,580 SF
    Price / SF:
    $250/SF
    Added:
    Jan 26, 2026
    Days on Market:
    143
    Last Refresh:
    Apr 5 at 9:52 pm

    Property Features for 919 S 9th St

    General Information

    Standard status
    Active
    Size
    6,580 SF
    Property subtype
    Office

    Building Details

    Year Built
    1960

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    Listing Contact
    Kyle Prosser
    Kyle Prosser

    Listing agent Kyle Prosser

    Listing office

    Listing date Jan 26, 2026

    Source Lee-associates

    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 Kyle Prosser

    HighLights

    • Prime location just above downtown Tacoma and one block from the light rail.
    • Recently rehabbed condition.
    • Includes 8 on‑site parking stalls.
    • Potential to add more parking at lot across the street.
    • Suitable for owner/user or investor.
    • Built in 1960.

    Overview

    This is an opportunity for an owner/user or investor. The property has been recently renovated and includes 8 on-site parking stalls. There is the potential to add more parking spaces using a lot across the street, which is not included in the sale. The building is located just above downtown Tacoma, one block away from the light rail.

    Local 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 $177.7k $27.00
    − Vacancy −$35.5k −$5.40
    EGI $142.1k $21.60
    − OpEx −$35.5k −$5.40
    NOI $106.6k $16.20
    6,580 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.52M
    $1.33M – $1.78M (±1% cap)
    NOI $106,596 @ 7.0% cap · market cap 6.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.02M
    $1.77M – $2.36M (±1% cap)
    NOI $141,575 @ 7.0% cap · market cap 8.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Graduate Tacoma Charitable Organization DIRECTV® Official's Telecommunications Service

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.45
    Latitude
    47.2545

    FAQs

    What type of property is this?
    Office building - Recently renovated office building with parking near downtown Tacoma.
    Where is this office building located?
    The property is located at 919 S 9th St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Prime location just above downtown Tacoma and one block from the light rail.; Recently rehabbed condition.; Includes 8 on‑site parking stalls.
    More about this property
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