Retail Storefront
For Sale
$850,000
2525 Tacoma Ave S, Tacoma, WA 98402
Highly visible retail storefront in Tacoma’s Brewery District with strong vehicle traffic and convenient transit access.
Property Size4,970 SF
Days on Market153
Property Features for 2525 Tacoma Ave S
General Information
Standard status
Active
Size
4,970 SF
Property subtype
Retail
Site & Location
Neighborhood
New Tacoma
Building Details
Building Size
4,970 SF
Year Built
1959
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Harrison Laird
(206) 947-1594
Source:
Lee-associates
Added: Jun 7
Changed: Nov 4
Last Checked: Nov 6 at 7:45AM
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 Lee & Associates Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
The property is a retail storefront in Tacoma’s Brewery District, offered for sale with tours available by appointment only. Please do not disturb the current tenant.
The location is described as being just minutes from downtown Tacoma, with strong vehicle traffic and excellent transit access. The listing also notes close proximity to the University of Washington Tacoma campus.
Nearby businesses referenced in the remarks include The Drop Pickleball Club, E9 Brewery, Sig Brewing Company, Berliner Beerhall, Tacoma Strength, and Jefferson Flats.
The location is described as being just minutes from downtown Tacoma, with strong vehicle traffic and excellent transit access. The listing also notes close proximity to the University of Washington Tacoma campus.
Nearby businesses referenced in the remarks include The Drop Pickleball Club, E9 Brewery, Sig Brewing Company, Berliner Beerhall, Tacoma Strength, and Jefferson Flats.
Key Highlights
- Highly visible retail storefront in Tacoma’s Brewery District
- Strong vehicle traffic with minutes to downtown Tacoma
- Convenient transit access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,804
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,080
$1.2M
Cap Rate 7%
$854,343
$854.3K
Cap Rate 9%
$664,489
$664.5K
Market Conditions
NOI Build-Up for 4,970 SF
Gross rent
$89.5K $18.00/SF
− Vacancy
−$4.0K −$0.81/SF
EGI
$85.4K $17.19/SF
− OpEx
−$25.6K −$5.16/SF
NOI
$59.8K $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%
$1,196,080
Cap Rate 7%
$854,343
Cap Rate 9%
$664,489
Alternative Uses
Best Use
Retail
$854.3K
$747.6K – $996.7K
NOI $59,804 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,935 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Hotels & Casinos 31%
Shops & Services 27%
Home Improvements & Furnishings 3%
The Melting Pot
Dining
8,677 visits/mo
0.4 miles
Holiday Inn Express & Suites Tacoma Downtown
Hotels & Casinos
8,660 visits/mo
0.3 miles
Chevron
Shops & Services
7,157 visits/mo
0.3 miles
Happy Teriyaki
Dining
2,263 visits/mo
0.3 miles
Johnstone Supply
Home Improvements & Furnishings
931 visits/mo
0.2 miles
Demographics for 98402, WA
8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Tacoma
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Wildflower + Co. — 1744 pacific ave, tacoma, wa 98402
Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible retail storefront in Tacoma’s Brewery District with strong vehicle traffic and convenient transit access.
Where is this storefront property located?
The property is located at 2525 Tacoma Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Highly visible retail storefront in Tacoma’s Brewery District; Strong vehicle traffic with minutes to downtown Tacoma; Convenient transit access
