Flex Space with Grade-Level
1763 Center St, Tacoma, WA 98409
For Sale
$650,000
M-1-zoned industrial space with three-phase power, loading access, and a split interior configuration.
Property Size4,804 SF
Price / SF$135.30
Days on Market48
Property Features for 1763 Center St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Three-Phase Power
Amenities
2 - 8’ x 8’ Grade Level Doors
3-Phase Power
10’ Clear Height
Listing Agency:
NAI PUGET SOUND PROPERTIES
Listed By:
Kyle Schipper, SIOR
(425) 417-5477
Source:
Nai-psp
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 8 at 2:49AM
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 NAI PUGET SOUND PROPERTIES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,804 SF flex property includes 3,604 SF and 1,200 SF sections, providing a divided layout for industrial operations, storage, or other light-industrial functions. The building has two 8' x 8' grade-level doors, 3-phase power, and 10' clear height. M-1 zoning supports its light-industrial positioning.
Located at 1763 Center St in Tacoma's Nalley Valley, the property provides access toward the Puget Sound region via SR-16 and I-5. Its combination of grade-level loading, functional power, and industrial zoning offers a practical format for an owner-user or operator.
Located at 1763 Center St in Tacoma's Nalley Valley, the property provides access toward the Puget Sound region via SR-16 and I-5. Its combination of grade-level loading, functional power, and industrial zoning offers a practical format for an owner-user or operator.
Key Highlights
- 4,804 SF flex property with 3,604 SF and 1,200 SF sections
- Two 8' x 8' grade‑level doors
- M‑1 light industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,710
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,200
$1.0M
Cap Rate 7%
$738,714
$738.7K
Cap Rate 9%
$574,556
$574.6K
Market Conditions
NOI Build-Up for 4,804 SF
Gross rent
$86.5K $18.00/SF
− Vacancy
−$6.9K −$1.44/SF
EGI
$79.6K $16.56/SF
− OpEx
−$27.8K −$5.80/SF
NOI
$51.7K $10.76/SF
Area
Tacoma, WA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,200
Cap Rate 7%
$738,714
Cap Rate 9%
$574,556
Alternative Uses
Best Use
Warehouse
$892.3K
$780.7K – $1.04M
NOI $62,458 @ 7.0% cap · market cap 9.61%
Second Best
Flex RnD
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,363 @ 7.0% cap · market cap 15.90%
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
10 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Tacoma, WA
Properties on Market for Flex space in Tacoma
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Dombrowski Catering — 3544 S Wilkeson St, Tacoma, WA 98418
Frequently Asked Questions
What type of property is this?
Flex space - M-1-zoned industrial space with three-phase power, loading access, and a split interior configuration.
Where is this flex space located?
The property is located at 1763 Center St Tacoma, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,804 SF flex property with 3,604 SF and 1,200 SF sections; Two 8' x 8' grade‑level doors; M‑1 light industrial zoning
