Mixed-Use Building For
2366 Tacoma Ave S Tacoma, WA 98402
2366 Tacoma Ave S, Tacoma, WA, 98402
$1,700,000
For Sale
$1,700,000
9,000 SF freestanding building with retail, office, and warehouse space.
Property Size9,000 SF
Price / SF$188.89
Days on Market317
Property Features for 2366 Tacoma Ave S
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing Agency
KIDDER MATHEWS
(253) 722-1458
Listed by
MATT MCLENNAN · License #127920
Source
Corcoran
Added: Sep 8, 2025 Updated: Jul 6 at 9:59 am Checked: Jul 19 at 4:29 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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This is a 9,000 square foot freestanding building. The property is currently configured with retail and office space in the front, and warehouse and storage space in the back. Secured parking is available, as well as street parking.
Key Highlights
- 9,000 SF Freestanding Building
- Retail/Office Front, Warehouse/Storage Back Layout
- Secured Parking
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 | $243.0k | $27.00 |
| − Vacancy | −$48.6k | −$5.40 |
| EGI | $194.4k | $21.60 |
| − OpEx | −$48.6k | −$5.40 |
| NOI | $145.8k | $16.20 |
9,000 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,800 @ 7.0% cap · market cap 8.58%
Second Best
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,200 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,644 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Delta Camshaft
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 9,000 SF freestanding building with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 2366 Tacoma Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,000 SF Freestanding Building; Retail/Office Front, Warehouse/Storage Back Layout; Secured Parking
