Retail
For Sale
Contact for pricing
2024 6th Ave, Tacoma, WA 98403
Retail space along Tacoma’s 6th Avenue corridor.
Property Size13,300 SF
Price / SF$187.97
Days on Market199
Property Features for 2024 6th Ave
General Information
Standard status
Active
Size
13,300 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Listing Agency:
Kidder Matthews
Listed By:
Blake Weber · License #WA
Source:
Crexi
Added: Apr 1
Changed: Oct 10
Last Checked: Oct 14 at 9:26PM
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 Matthews
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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 retail space encompasses 13,300 square feet at 2024 6th Ave in Tacoma, Washington. The property is situated along the 6th Avenue corridor and is identified for retail use.
Key Highlights
- 13,300‑square‑foot retail space
- Located at 2024 6th Ave, Tacoma, WA 98403
- Situated along Tacoma’s 6th Avenue corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,039
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,200,780
$3.2M
Cap Rate 7%
$2,286,271
$2.3M
Cap Rate 9%
$1,778,211
$1.8M
Market Conditions
NOI Build-Up for 13,300 SF
Gross rent
$239.4K $18.00/SF
− Vacancy
−$10.8K −$0.81/SF
EGI
$228.6K $17.19/SF
− OpEx
−$68.6K −$5.16/SF
NOI
$160.0K $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 Rate 5%
$3,200,780
Cap Rate 7%
$2,286,271
Cap Rate 9%
$1,778,211
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,039 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,163 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,631
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 29%
Shops & Services 18%
Home Improvements & Furnishings 4%
Safeway
Groceries
21,361 visits/mo
0.5 miles
Taco Bell
Dining
14,440 visits/mo
0.5 miles
Jack in the Box
Dining
10,701 visits/mo
0.1 miles
Starbucks
Dining
10,683 visits/mo
0.0 miles
ARCO
Shops & Services
7,962 visits/mo
0.3 miles
Demographics for 98403, WA
8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
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?
Retail space - Retail space along Tacoma’s 6th Avenue corridor.
Where is this retail space located?
The property is located at 2024 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 13,300‑square‑foot retail space; Located at 2024 6th Ave, Tacoma, WA 98403; Situated along Tacoma’s 6th Avenue corridor
