Listing Agency: Capitol Realty Investment LLC

Listed By: Berhe Desta · License #WA

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Sep 3 at 5:03AM

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Investment Insights

Based on property information with market context.

This for-sale retail investment property is offered with a stated 3.92% cap rate and total building size of 6,328 SF. The offering is positioned as a retail asset suitable for investors or operators looking to acquire income-producing retail space.

The property is located at 1302-1306 S 23rd St in Tacoma, WA 98405.

Key Highlights

• Retail property for sale with a 6,328 SF total building size
• 3.92% cap rate noted in the listing

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Restaurant Clothing & Fashion Store Florist Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,584

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Home Improvements & Furnishings 11%

Shell Shops & Services

8,301 visits/mo 0.4 miles

Graybar Home Improvements & Furnishings

997 visits/mo 0.4 miles

Demographics for 98405, WA

24,617

Population

11,645

Households

2.1

Avg Household Size

37

Median Age

31%

College-Educated

94%

High-School Grad

4.1 sq mi

ZIP Area

6,004

Density / Sq Mi

$80,024

Median Household Income

$51,028

Median Earnings

$1,480

Median Rent

$443,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - For sale retail property with a 3.92% cap rate and 6,328 SF total building size.

Where is this retail space located?

The property is located at 1302-1306 S 23rd St Tacoma, WA.

What are key features of this property?

This property features: Retail property for sale with a 6,328 SF total building size; 3.92% cap rate noted in the listing