Retail Storefront Shopping
For Sale
$3,832,240
233 140th St S, Tacoma, WA 98444
For sale retail shopping center storefront property at 233 140th St S in Tacoma, Washington.
Property Size11,808 SF
Price / SF$324.55
Days on Market200
Property Features for 233 140th St S
General Information
Standard status
Active
Size
11,808 SF
Class
B
Property subtype
Retail
Building Details
Building Size
11,808 SF
Year Built
2011
Buildings
1
Listing Agency:
Kidder Mathews - Seattle
Listed By:
David Gellner · License #112893
(206) 747-4338
Source:
Kidder
Added: Apr 7
Changed: Aug 8
Last Checked: Jul 22 at 5:46PM
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 - Seattle
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront shopping center property is offered for sale. The asset is classified as a shopping center, retail property and space, and storefront property, providing a commercial setup intended for retail use.
The property is located at 233 140th St S in Tacoma, Washington. It is a straightforward option for buyers seeking a retail-focused asset within a larger shopping center format.
The listing information reflects an overall property size of 11,808 square feet. Additional details about the unit mix, tenancy, or specific storefront configuration are not provided in the available materials.
The property is located at 233 140th St S in Tacoma, Washington. It is a straightforward option for buyers seeking a retail-focused asset within a larger shopping center format.
The listing information reflects an overall property size of 11,808 square feet. Additional details about the unit mix, tenancy, or specific storefront configuration are not provided in the available materials.
Key Highlights
- Retail shopping center storefront property
- Built in 2011
- Address: 233 140th St S, Tacoma, WA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,086
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,841,720
$2.8M
Cap Rate 7%
$2,029,800
$2.0M
Cap Rate 9%
$1,578,733
$1.6M
Market Conditions
NOI Build-Up for 11,808 SF
Gross rent
$212.5K $18.00/SF
− Vacancy
−$9.6K −$0.81/SF
EGI
$203.0K $17.19/SF
− OpEx
−$60.9K −$5.16/SF
NOI
$142.1K $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%
$2,841,720
Cap Rate 7%
$2,029,800
Cap Rate 9%
$1,578,733
Alternative Uses
Best Use
Retail
$2.03M
$1.78M – $2.37M
NOI $142,086 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.23M
NOI $254,061 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Bigfoot Java
Dining
9,855 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,678 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,025 visits/mo
0.5 miles
El Toro
Dining
7,788 visits/mo
0.2 miles
Shell
Shops & Services
6,984 visits/mo
0.5 miles
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail shopping center storefront property at 233 140th St S in Tacoma, Washington.
Where is this shopping center located?
The property is located at 233 140th St S Tacoma, WA.
What is the asking price?
The asking price for this property is $3,832,240.
What are key features of this property?
This property features: Retail shopping center storefront property; Built in 2011; Address: 233 140th St S, Tacoma, WA
