Industrial Warehouse with Excess
For Sale
Contact for pricing
1815 East D Street, Tacoma, WA 98421
Freestanding warehouse for sale on 2.7 acres with 98,300 SF building and excess power; divisible to two suites.
Property Size30,000 SF
Lot Size2.70 Acres
Price / SF$145
Days on Market112
Property Features for 1815 East D Street
General Information
Standard status
Active
Size
30,000 SF
Lot size
2.70 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
New Tacoma
Warehouse & Industrial
Dock-High Doors
10
Drive-In Doors
5
Heavy Power
Yes
Listing Agency:
NAI Puget Sound Properties
(425) 586-5600
Listed By:
Arie Salomon, SIOR, CCIM
(425) 246-9280
Source:
Moodyscre
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 28 at 5:03AM
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
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Investment Insights
Based on property information with market context.
Warehouse facility for sale totaling 98,300 SF with approximately 7,500 SF of office space. The building is divisible to 68,300 SF and 30,000 SF suites, and both areas are supported by available clear heights of 12'–20' and 12'–15', respectively. Loading includes 10 dock-high (DH) doors and 5 grade-level (GL) doors. The property is described as having excessive power.
Located at 1815 East D Street in Tacoma, Washington, the seller will subdivide and sell a portion of the building, creating the two-suite configuration noted above.
Located at 1815 East D Street in Tacoma, Washington, the seller will subdivide and sell a portion of the building, creating the two-suite configuration noted above.
Key Highlights
- Freestanding warehouse on 2.7 acres with 98,300 SF building plus 7,500 SF office
- Building is divisible into 68,300 SF and 30,000 SF suites
- High clear height range: 12'–20' in the 68,300 SF portion and 12'–15' in the 30,000 SF portion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$390,037
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,800,740
$7.8M
Cap Rate 7%
$5,571,957
$5.6M
Cap Rate 9%
$4,333,744
$4.3M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$500.4K $16.68/SF
− Vacancy
−$41.5K −$1.38/SF
EGI
$458.9K $15.30/SF
− OpEx
−$68.8K −$2.29/SF
NOI
$390.0K $13.00/SF
Area
Tacoma, WA
Vacancy
8.30%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,800,740
Cap Rate 7%
$5,571,957
Cap Rate 9%
$4,333,744
Alternative Uses
Best Use
Warehouse
$5.57M
$4.88M – $6.50M
NOI $390,037 @ 7.0% cap · market cap 8.97%
Second Best
Industrial
$4.59M
$4.02M – $5.35M
NOI $321,207 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$9.22M
$8.07M – $10.76M
NOI $645,480 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
10
Dock-high doors
5
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 98421, WA
1,239
Population
78
Households
15.9
Avg Household Size
34
Median Age
25%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
191
Density / Sq Mi
$1,273
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding warehouse for sale on 2.7 acres with 98,300 SF building and excess power; divisible to two suites.
Where is this distribution center located?
The property is located at 1815 East D Street Tacoma, WA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Freestanding warehouse on 2.7 acres with 98,300 SF building plus 7,500 SF office; Building is divisible into 68,300 SF and 30,000 SF suites; High clear height range: 12'–20' in the 68,300 SF portion and 12'–15' in the 30,000 SF portion
