Mixed-Use Property with Shop
2102 S 12th Street Tacoma, WA 98405
2102 S 12th Street, Tacoma, WA, 98405
$774,900
For Sale
$774,900
Flexible mixed-use property with shop and office/studio space.
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$352.23
Days on Market142
Property Features for 2102 S 12th Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1912
Listing Agency
KELLER WILLIAMS RTY TACOMA
(253) 460-8640
Listed by
KEVIN J STILL
Source
Corcoran
Added: Feb 27 Checked: Jul 19 at 4:20 am
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 KELLER WILLIAMS RTY TACOMA
Investment Insights
Based on property information with market context.
This mixed-use property features approximately 2,200 square feet of ground-level shop space suitable for contractor use, fabrication, warehouse, storage, or light industrial applications. The layout allows for potential division into multiple tenant spaces or retail-style frontage, subject to buyer verification. Features include roll-up door access, generous ceiling height, and a fully gated yard. The shop space includes a 3/4 bath and a 1/2 bath. Above the shop is a finished office/studio space with natural light, a modern kitchen, and a full bath. The open layout is suitable for professional office use, a creative studio, a live/work configuration, short-term rental, or a boutique event space. The property includes a fully fenced and gated lot with on-site parking, visibility, and signage exposure along a busy corridor. This property is positioned for owner-users, entrepreneurs, or investors.
Key Highlights
- Prime frontage on a high‑visibility arterial.
- Flexible mixed‑use property suitable for owner‑users, entrepreneurs, or investors.
- Approximately 2,200 SF of ground‑level shop space ideal for various applications (contractor, fabrication, warehouse, etc.).
Local Financial Insights For Office B
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 | $59.4k | $27.00 |
| − Vacancy | −$11.9k | −$5.40 |
| EGI | $47.5k | $21.60 |
| − OpEx | −$11.9k | −$5.40 |
| NOI | $35.6k | $16.20 |
2,200 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 4.60%
Second Best
Mixed Use
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$676.2K
$591.7K – $788.9K
NOI $47,335 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Flexible mixed-use property with shop and office/studio space.
Where is this mixed-use property located?
The property is located at 2102 S 12th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Prime frontage on a high‑visibility arterial.; Flexible mixed‑use property suitable for owner‑users, entrepreneurs, or investors.; Approximately 2,200 SF of ground‑level shop space ideal for various applications (contractor, fabrication, warehouse, etc.).
