Retail Storefront Shopping
233 140th St S Tacoma, WA 98444
233 140th St S, Tacoma, WA, 98444
$3,832,240
For Sale
$3,832,240
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 Market108
Property Features for 233 140th St S
General Information
- Standard status
- Active
- Size
- 11,808 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing agency
Kidder Mathews - Seattle
(206) 296-9600
Listed by
David Gellner · License #112893
Source
Kidder
Added: Apr 7 Updated: Jul 22 at 5:46PM 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
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
Local Financial Insights For Retail
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 | $212.5k | $18.00 |
| − Vacancy | −$9.6k | −$0.81 |
| EGI | $203.0k | $17.19 |
| − OpEx | −$60.9k | −$5.16 |
| NOI | $142.1k | $12.03 |
11,808 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
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
