Downtown Tacoma Office/Retail
732 Broadway Ste 102 Tacoma, WA 98402
732 Broadway Ste 102, Tacoma, WA, 98402
$675,000
For Sale
$675,000
2,630 SF office/retail space in Tacoma's vibrant downtown.
Property Size2,630 SF
Price / SF$256.65
Days on Market176
Property Features for 732 Broadway Ste 102
General Information
- Standard status
- Active
- Size
- 2,630 SF
- Property subtype
- Office
Building Details
- Year Built
- 1919
Listing Agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(253) 238-0043
Listed by
John Bauder, CCIM
Source
Lee-associates
Added: Jan 26 Updated: Jul 6 at 9:32 am Checked: Jul 20 at 3:28 am
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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This property features a 2,630 square foot first-floor suite, fully built out for office or retail use. The space includes a kitchen, two bathrooms (one with a shower), and an area suitable for cubicles or open office configurations. It is accessible from Broadway and features high ceilings with brick and beam construction. Situated between Opera Alley's shops and eateries and the Theater District's historic theaters, the property is located in downtown Tacoma, near arts and culture venues. The location is within walking distance of Wooden City, McMenamin’s, and Dorky’s Arcade. The new light rail station at Old City Hall is one block away, providing access to downtown and the regional transit system.
Key Highlights
- Prime location in downtown Tacoma's vibrant arts and culture district, near Opera Alley and the Theater District.
- ±2,630 SF fully built out first‑floor office/retail space with Broadway access.
- Convenient access to public transportation with the new light rail station only one block away.
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 | $71.0k | $27.00 |
| − Vacancy | −$14.2k | −$5.40 |
| EGI | $56.8k | $21.60 |
| − OpEx | −$14.2k | −$5.40 |
| NOI | $42.6k | $16.20 |
2,630 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$608.7K
$532.6K – $710.1K
NOI $42,606 @ 7.0% cap · market cap 6.31%
Second Best
Retail
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$808.4K
$707.3K – $943.1K
NOI $56,587 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brooks Dental Studio
Dental Office
Anderson Business Advisors
Law Firm
Rusty George
Advertising Agency
Peterson Acquisitions: Your ...
Business Broker
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FAQs
What type of property is this?
Office units - 2,630 SF office/retail space in Tacoma's vibrant downtown.
Where is this office units located?
The property is located at 732 Broadway Ste 102 Tacoma, WA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime location in downtown Tacoma's vibrant arts and culture district, near Opera Alley and the Theater District.; ±2,630 SF fully built out first‑floor office/retail space with Broadway access.; Convenient access to public transportation with the new light rail station only one block away.
