Freestanding Restaurant with
For Sale
Contact for pricing
Pending
6501 6th Ave, Tacoma, WA 98406
Freestanding restaurant includes multiple dining rooms, bar area, covered patio, and a newly installed roof.
Property Size5,736 SF
Days on Market609
Property Features for 6501 6th Ave
General Information
Standard status
Pending
Size
5,736 SF
Property subtype
RETAIL
Site & Location
Neighborhood
West End
Highway Access
Yes
Additional Details
Business Included
Yes
Amenities
covered outdoor patio
skylights
private alcove
bar area
multiple large dining rooms
Listing Agency:
JCM Property Management
Listed By:
Jeff Coombe
(360) 620-5300
Source:
Moodyscre
Added: Feb 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 10:54AM
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 JCM Property Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes multiple large dining rooms, a bar area, an entrance with skylights, and a private alcove. The building also features a covered outdoor patio for guest dining. The roof was installed in September 2025, supporting a strong baseline condition for occupancy.
The property is located on a populated avenue in Tacoma with access to Hwy 16 to both the east and west. It sits within a plaza that offers multiple parking options and is described as highly visible from the main street.
The onsite business is Ben Dew’s Clubhouse Grill, and the property is positioned near major retailers and employers, with proximity to Hunt Middle School across the street and nearby colleges just up the road. Shown by appointment only.
The property is located on a populated avenue in Tacoma with access to Hwy 16 to both the east and west. It sits within a plaza that offers multiple parking options and is described as highly visible from the main street.
The onsite business is Ben Dew’s Clubhouse Grill, and the property is positioned near major retailers and employers, with proximity to Hunt Middle School across the street and nearby colleges just up the road. Shown by appointment only.
Key Highlights
- Freestanding restaurant building with the business included as part of the sale
- New roof installed September 2025
- Includes multiple large dining rooms and a bar area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,764
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,280
$1.7M
Cap Rate 7%
$1,182,343
$1.2M
Cap Rate 9%
$919,600
$919.6K
Market Conditions
NOI Build-Up for 5,736 SF
Gross rent
$114.9K $20.04/SF
− Vacancy
−$4.6K −$0.80/SF
EGI
$110.4K $19.24/SF
− OpEx
−$27.6K −$4.81/SF
NOI
$82.8K $14.43/SF
Area
Tacoma, WA
Vacancy
4.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,280
Cap Rate 7%
$1,182,343
Cap Rate 9%
$919,600
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,764 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,416 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
248k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Groceries 30%
Shops & Services 29%
Electronics 1%
WinCo Foods
Groceries
62,990 visits/mo
0.2 miles
Dollar Tree
Shops & Services
26,056 visits/mo
0.3 miles
Panda Express
Dining
24,107 visits/mo
0.3 miles
McDonald's
Dining
19,987 visits/mo
0.2 miles
Starbucks
Dining
15,082 visits/mo
0.1 miles
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant includes multiple dining rooms, bar area, covered patio, and a newly installed roof.
Where is this conventional restaurant located?
The property is located at 6501 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Freestanding restaurant building with the business included as part of the sale; New roof installed September 2025; Includes multiple large dining rooms and a bar area
