Standalone Flex Building For
4901 Center St Tacoma, WA 98409
4901 Center St, Tacoma, WA, 98409
$4,750,000
For Sale
$4,750,000
Flex building with heavy power, prominent signage, and convenient location.
Property Size23,654 SF
Price / SF$200.81
Days on Market176
Property Features for 4901 Center St
General Information
- Standard status
- Active
- Size
- 23,654 SF
- Property subtype
- Office
Building Details
- Year Built
- 1968
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 9:35 am Checked: Jul 20 at 2:28 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 standalone flex building is available for sale. The zoning permits a variety of uses, including office, retail, drive-thru, self-storage, and personal services. The property benefits from heavy power and prominent signage. It is conveniently located with close access to Hwy 16, near Home Depot and other retail and amenities. The building has a size of 23654 square feet.
Key Highlights
- Standalone flex building suitable for diverse uses including office, retail, drive‑thru, self‑storage, and personal services.
- Benefit from the heavy power capacity.
- Prominent signage opportunity available.
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 | $638.7k | $27.00 |
| − Vacancy | −$127.7k | −$5.40 |
| EGI | $510.9k | $21.60 |
| − OpEx | −$127.7k | −$5.40 |
| NOI | $383.2k | $16.20 |
23,654 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.47M
$4.79M – $6.39M
NOI $383,195 @ 7.0% cap · market cap 8.07%
Second Best
Retail
$4.07M
$3.56M – $4.74M
NOI $284,629 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$7.27M
$6.36M – $8.48M
NOI $508,939 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Puyallup Tribal Enterprises, ...
(Bike/Boat/Book/etc) Store
Marriage & Family Life ...
Life Coach
Theravive Counseling - Robert ...
Family Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex building with heavy power, prominent signage, and convenient location.
Where is this flex space located?
The property is located at 4901 Center St Tacoma, WA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Standalone flex building suitable for diverse uses including office, retail, drive‑thru, self‑storage, and personal services.; Benefit from the heavy power capacity.; Prominent signage opportunity available.
