Flex and Warehouse
2320 Commerce Street Tacoma, WA 98402
2320 Commerce Street, Tacoma, WA, 98402
Contact for pricing
For Sale
Contact for pricing
Owner-user or investment opportunity featuring flex space and warehouse/office units at a Commerce Street and Pacific Ave site.
Property Size42,000 SF
Price / SF$166.67
Days on Market77
Property Features for 2320 Commerce Street
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Property subtype
- Office, Industrial, Mixed Use
Building Details
- Year Built
- 1928
Listing agency
Kidder Mathews Tacoma
(253) 722-1433
Listed by
Drew Frame · License #WA
Source
Crexi
Added: May 8 Updated: Jul 23 at 2:05AM Checked: Jul 23 at 2:05AM
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 Mathews Tacoma
Investment Insights
Based on property information with market context.
Kidder Mathews presents an owner-user or investment opportunity at 2320 Commerce Street and 2324 Pacific Ave in Tacoma, Washington. The offering includes flex space along with warehouse and office unit components, providing multiple configurations within the same property platform.
The property is located on the Commerce St and Pacific Ave addresses shown in the listing, supporting flexible use depending on an occupant’s needs. Specific unit mix, layouts, and condition details are not provided in the available information.
As presented, this is a combined flex and warehouse/office offering suited to buyers seeking a property that can accommodate different operational footprints within a single acquisition.
The property is located on the Commerce St and Pacific Ave addresses shown in the listing, supporting flexible use depending on an occupant’s needs. Specific unit mix, layouts, and condition details are not provided in the available information.
As presented, this is a combined flex and warehouse/office offering suited to buyers seeking a property that can accommodate different operational footprints within a single acquisition.
Key Highlights
- Owner‑user or investment opportunity at 2320 Commerce St and 2324 Pacific Ave in Tacoma, WA
- Flex space plus warehouse/office units on a Commerce St and Pacific Ave site
- Building(s) built in 1928
Local Financial Insights For Warehouse
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 | $700.6k | $16.68 |
| − Vacancy | −$58.1k | −$1.38 |
| EGI | $642.4k | $15.30 |
| − OpEx | −$96.4k | −$2.29 |
| NOI | $546.1k | $13.00 |
42,000 SF · lease $16.68/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$9.72M
$8.51M – $11.34M
NOI $680,400 @ 7.0% cap · market cap 9.72%
Second Best
Warehouse
$7.80M
$6.83M – $9.10M
NOI $546,051 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$12.91M
$11.30M – $15.06M
NOI $903,672 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aero Precision LLC
Production Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Aramark — 1500 Broadway, Tacoma, WA 98402
- Aramark — 2727 E D St, Tacoma, WA 98421
- The Vault Catering — 1316 M.L.K. Jr Way, Tacoma, WA 98405
FAQs
What type of property is this?
Flex space - Owner-user or investment opportunity featuring flex space and warehouse/office units at a Commerce Street and Pacific Ave site.
Where is this flex space located?
The property is located at 2320 Commerce Street Tacoma, WA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Owner‑user or investment opportunity at 2320 Commerce St and 2324 Pacific Ave in Tacoma, WA; Flex space plus warehouse/office units on a Commerce St and Pacific Ave site; Building(s) built in 1928
