Mixed-Use Retail and
3825 6th Ave Tacoma, WA 98406
For Sale
Contact for pricing
Retail space with apartments and storage in vibrant 6th Avenue.
Property Size3,594 SF
Lot Size0.10 Acres
Price / SF$264.05
Days on Market490
Property Features for 3825 6th Ave
General Information
Standard status
Active
Size
3,594 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 444-3025
Listed By:
Thomas Brown
(253) 219-6411
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 6
Last Checked: Jul 22 at 4:12AM
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 mixed-use property features main level retail space, two apartment units, and a large storage area with alley access. The property is located in the 6th Avenue District, an area known for its collection of restaurants, coffee shops, live music venues, shopping options, and professional services. The property's proximity to the 97-acre campus of the University of Puget Sound may make it a desirable location for students. The building has a total area of 3,594 square feet and presents an opportunity for an owner/user.
Key Highlights
- Main level retail space with two apartment units and large storage area.
- Ideal for owner/user seeking to live and work in the same location.
- Located in the vibrant 6th Avenue District.
Financial Insights For Mixed Use
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 | $86.3k | $24.00 |
| − Vacancy | −$6.9k | −$1.92 |
| EGI | $79.4k | $22.08 |
| − OpEx | −$29.8k | −$8.28 |
| NOI | $49.6k | $13.80 |
3,594 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$708.5K
$620.0K – $826.6K
NOI $49,597 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$617.8K
$540.6K – $720.8K
NOI $43,247 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.10M
$966.6K – $1.29M
NOI $77,329 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space with apartments and storage in vibrant 6th Avenue.
Where is this mixed-use property located?
The property is located at 3825 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Main level retail space with two apartment units and large storage area.; Ideal for owner/user seeking to live and work in the same location.; Located in the vibrant 6th Avenue District.
