Downtown Tacoma Owner-User
2306 A St, Tacoma, WA 98402
Refreshed office/warehouse near I-5, I-705, SR 509 and Port of Tacoma.
Type:Industrial
Property size:
8,820 SFLot size:
0.14 AcresPrice / SF:
$249/SF- Added:
- Jan 27, 2026
- Days on Market:
- 110
- Last Refresh:
- Apr 5 at 11:07 pm
Property Features for 2306 A St
General Information
- Standard status
- Active
- Size
- 8,820 SF
- Lot size
- 0.14 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1922
Listing agent Bret Matysik, SIOR, CCIM (425) 586-5617
Listing office NAI PUGET SOUND PROPERTIES (425) 586-5617
Listing date Jan 27, 2026
Source Naiglobal
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
HighLights
- Brand new interior refresh and buildout.
- Prime Downtown Tacoma location with exceptional connectivity to I‑705, SR 509, and I‑5.
- Ideal for service‑oriented and contracting businesses with in‑office and field staff.
- Heavy power and one grade‑level door.
- WR (Warehouse/Residential) zoning offers flexible usage options.
- Walking distance to downtown amenities and minutes from the Port of Tacoma.
Overview
This property presents a fantastic owner-user opportunity in Downtown Tacoma, featuring a brand new interior refresh and buildout. Located just off I-705 and SR 509 with direct access to I-5, the property offers exceptional connectivity for businesses serving the greater Puget Sound region. Situated minutes from the Port of Tacoma and within walking distance of downtown amenities, this centrally located property is ideal for service-oriented and contracting businesses seeking a functional headquarters with both in-office and field staff. The property is located near attractions like the Museum of Glass, LeMay - America's Car Museum, and Point Defiance Park, as well as the Broadway Center for the Performing Arts and Tacoma Art Museum. The total shell area is 8,820 square feet (buyer to confirm), including 2,485 square feet of first-floor office area plus a bonus mezzanine. The lot size is 6,000 square feet (0.14 acres). The property features an 18-foot clear height, one grade-level door, and heavy power. It is zoned WR (Warehouse/Residential District).
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.59M
NOI $142,884 @ 9.00% cap · cautious / downside scenario
Moderate
$2.04M
NOI $142,884 @ 7.00% cap · market / base-case scenario
Aggressive
$2.86M
NOI $142,884 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $238.1k | $27.00 |
| − Vacancy | −$47.6k | −$5.40 |
| EGI | $190.5k | $21.60 |
| − OpEx | −$47.6k | −$5.40 |
| NOI | $142.9k | $16.20 |
8,820 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.04M
$1.79M – $2.38M
NOI $142,884 @ 7.0% cap · market cap 6.49%
Second Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,671 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,771 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Development Engineering, PLLC
Engineer
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Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.435
- Latitude
- 47.2408
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Refreshed office/warehouse near I-5, I-705, SR 509 and Port of Tacoma.
Where is this warehouse located?
The property is located at 2306 A St Tacoma, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Brand new interior refresh and buildout.; Prime Downtown Tacoma location with exceptional connectivity to I‑705, SR 509, and I‑5.; Ideal for service‑oriented and contracting businesses with in‑office and field staff.
