Fully Leased Multi-Tenant Retail
1941 Marine View Dr Tacoma, WA 98422
1941 Marine View Dr, Tacoma, WA, 98422
Contact for pricing
For Sale
Contact for pricing
Three fully leased retail spaces total 8,890 SF on 3.84 acres zoned M2.
Property Size8,890 SF
Lot Size3.84 Acres
Price / SF$337.46
Days on Market349
Property Features for 1941 Marine View Dr
General Information
- Standard status
- Active
- Size
- 8,890 SF
- Lot size
- 3.84 Acres
- Property subtype
- RETAIL
Listing agency
NWC - KV LLC
(253) 779-2414
Listed by
Nicholas Ratzke · License #FA.100041477
(253) 779-2414
Source
Moodyscre
Added: Aug 8, 2025 Updated: Jul 21 at 4:36PM Checked: Jul 21 at 4:36PM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
This for-sale multi-tenant retail building offers three income-generating spaces in a fully leased configuration. The property totals 8,890 SF and sits on 3.84 acres. Rent structure includes two tenants on NNN leases and one tenant paying rent plus pro-rata utilities.
The property is zoned M2 – Heavy Industrial. Public remarks note an opportunity with in-place income and a strategic location near Port operations.
Financially, the building is reported as fully leased with total gross income of $184,200 per year, with income participation across all three tenants.
The property is zoned M2 – Heavy Industrial. Public remarks note an opportunity with in-place income and a strategic location near Port operations.
Financially, the building is reported as fully leased with total gross income of $184,200 per year, with income participation across all three tenants.
Key Highlights
- Three fully leased retail spaces totaling 8,890 SF on 3.84 acres (167,270 SF)
- Zoned M2 – heavy industrial
- Total gross income of $184,200 per year with three tenant income
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.0k | $18.00 |
| − Vacancy | −$7.2k | −$0.81 |
| EGI | $152.8k | $17.19 |
| − OpEx | −$45.8k | −$5.16 |
| NOI | $107.0k | $12.03 |
8,890 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,973 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,277 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The SandBar & Grill
Bar & Pub
Earth Tech Industries
Landscaping
LadyBug Bikini Espresso
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three fully leased retail spaces total 8,890 SF on 3.84 acres zoned M2.
Where is this retail space located?
The property is located at 1941 Marine View Dr Tacoma, WA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Three fully leased retail spaces totaling 8,890 SF on 3.84 acres (167,270 SF); Zoned M2 – heavy industrial; Total gross income of $184,200 per year with three tenant income
