Retail Property with Fenced
For Sale
Contact for pricing
Pending
14423 Pacific Ave S, Tacoma, WA 98444
Retail building with 144 feet of Pacific Avenue South frontage, drive-in loading, and a large fenced yard.
Property Size6,875 SF
Lot Size0.62 Acres
Days on Market177
Property Features for 14423 Pacific Ave S
General Information
Standard status
Pending
Size
6,875 SF
Lot size
0.62 Acres
Property subtype
RETAIL
Zoning
TCTR
Site & Location
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Kidder Mathews
(253) 722-1400
Listed By:
Bruce Barker · License #22027044
(253) 722-1459
Source:
Moodyscre
Added: Mar 13
Changed: Sep 2
Last Checked: Sep 4 at 4:47PM
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.
This retail property offers level ground-floor space with approximately 144 feet of frontage along Pacific Avenue South. The site includes a large fenced yard and drive-in loading, along with additional garage and residential structures. A 0.62-acre lot supports the existing configuration and outdoor storage area.
The property is located at 14423 Pacific Ave S in Tacoma, Washington. Towne Center (TCTR) zoning allows for a mix of high-density multi-family residential, local retail, grocery, restaurants, office, civic uses, and other amenities and services.
With its street frontage, fenced yard, and drive-in loading, the site provides a practical setup for retail uses that benefit from customer visibility and functional access for deliveries or service operations.
The property is located at 14423 Pacific Ave S in Tacoma, Washington. Towne Center (TCTR) zoning allows for a mix of high-density multi-family residential, local retail, grocery, restaurants, office, civic uses, and other amenities and services.
With its street frontage, fenced yard, and drive-in loading, the site provides a practical setup for retail uses that benefit from customer visibility and functional access for deliveries or service operations.
Key Highlights
- 144 feet of frontage along high‑traffic Pacific Avenue South
- 6,875 SF retail space on a level 0.62‑acre lot
- Drive‑in loading plus large fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,654,540
$1.7M
Cap Rate 7%
$1,181,814
$1.2M
Cap Rate 9%
$919,189
$919.2K
Market Conditions
NOI Build-Up for 6,875 SF
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.
Gross rent
$123.8K $18.00/SF
− Vacancy
−$5.6K −$0.81/SF
EGI
$118.2K $17.19/SF
− OpEx
−$35.5K −$5.16/SF
NOI
$82.7K $12.03/SF
Area
Tacoma, WA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,654,540
Cap Rate 7%
$1,181,814
Cap Rate 9%
$919,189
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,727 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,923 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
201k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 31%
Home Improvements & Furnishings 19%
Apparel 5%
The Home Depot
Home Improvements & Furnishings
38,701 visits/mo
0.3 miles
McDonald's
Dining
33,129 visits/mo
0.3 miles
Jack in the Box
Dining
14,653 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
10,852 visits/mo
0.4 miles
76
Shops & Services
9,568 visits/mo
0.4 miles
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with 144 feet of Pacific Avenue South frontage, drive-in loading, and a large fenced yard.
Where is this storefront property located?
The property is located at 14423 Pacific Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 144 feet of frontage along high‑traffic Pacific Avenue South; 6,875 SF retail space on a level 0.62‑acre lot; Drive‑in loading plus large fenced yard
