2712 21st St Tacoma, WA 98406
Mixed-use building in North Tacoma with apartments and commercial spaces.
Property Features for 2712 21st St
General Information
- Standard status
- Active
- Size
- 4,344 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing office HOME SMART REAL ESTATE ASSOCIATES
Listing date Jun 24, 2024
Source Corcoran
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 HOME SMART REAL ESTATE ASSOCIATES
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use building in the desirable North Tacoma Bridge District.
- Two spacious 2‑bed, 2‑bath apartments upstairs, each over 1000 sq ft and featuring its own laundry room.
- Two commercial spaces on the main floor, each with a half bath and air conditioning.
Local Financial Insights For Mixed Use
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 | $104.3k | $24.00 |
| − Vacancy | −$8.3k | −$1.92 |
| EGI | $95.9k | $22.08 |
| − OpEx | −$36.0k | −$8.28 |
| NOI | $59.9k | $13.80 |
