Tacoma Industrial Property with Rail
567 East 18th Street Tacoma, WA 98421
567 East 18th Street, Tacoma, WA, 98421
$3,100,000
For Sale
$3,100,000
Industrial property in Tacoma with strategic rail access and long-term tenant.
Property Size9,000 SF
Price / SF$344.44
Days on Market119
Property Features for 567 East 18th Street
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Industrial
Listing agency
KIDDER MATHEWS
(206) 292-6169
Listed by
Jason Rosauer
(206) 292-6169
Source
Cbre
Added: Mar 25 Updated: Jul 6 at 12:30PM Checked: Jul 21 at 4:50AM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
Located in Tacoma, this industrial property features convenient rail access, benefiting businesses involved in import and export activities. The location provides connectivity to major transportation routes and is essential to the current tenant's operations. The property includes 1,200 linear feet of UPRR rail track (owned) and 600 feet of BNSF rail leased, which is paid for by the tenant. The property is tailored to meet the specific needs of the tenant’s business. The property includes a 9,000 square foot steel canopy structure. The current tenant, MacMillan-Piper, has a lease through January 2030, providing a long-term lease agreement.
Key Highlights
- Long‑term lease in place with MacMillan‑Piper through January 2030, providing stable income.
- Strategic rail access with 1,200 linear feet of owned UPRR rail track and 600 feet of leased BNSF rail.
- Prime location in Tacoma with excellent connectivity to major transportation routes.
Local Financial Insights For Industrial
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 | $150.1k | $16.68 |
| − Vacancy | −$12.5k | −$1.38 |
| EGI | $137.7k | $15.30 |
| − OpEx | −$41.3k | −$4.59 |
| NOI | $96.4k | $10.71 |
9,000 SF · lease $16.68/SF/yr · vacancy 8.30% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.38M
$1.20M – $1.61M
NOI $96,362 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,644 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Industrial property in Tacoma with strategic rail access and long-term tenant.
Where is this industrial property located?
The property is located at 567 East 18th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Long‑term lease in place with MacMillan‑Piper through January 2030, providing stable income.; Strategic rail access with 1,200 linear feet of owned UPRR rail track and 600 feet of leased BNSF rail.; Prime location in Tacoma with excellent connectivity to major transportation routes.
