Tacoma Mixed-Use Investment
For Sale
$1,800,000
3010 6th Avenue, Tacoma, WA 98406
Mixed-use building on 6th Avenue with high pedestrian traffic.
Property Size9,568 SF
Days on Market419
Property Features for 3010 6th Avenue
General Information
Standard status
Active
Size
9,568 SF
Property subtype
Retail
Building Details
Building Size
9,568 SF
Year Built
1950
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Amanda Hahnemann, CCIM
(206) 852-1640
Source:
Lee-associates
Added: Sep 1, 2025
Changed: Oct 21
Last Checked: Oct 23 at 5:50AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Tacoma Bike Building is located on 6th Avenue along the bus line, near restaurants and pedestrian traffic. The property is zoned NCX, allowing for a future mixed-use project. It is positioned as an investment opportunity with long-term cash flow potential.
Key Highlights
- Prime location on bustling 6th Avenue with high pedestrian traffic.
- NCX zoning allows for future mixed‑use development.
- Excellent investment opportunity for long‑term cash flow.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,038
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,640,760
$2.6M
Cap Rate 7%
$1,886,257
$1.9M
Cap Rate 9%
$1,467,089
$1.5M
Market Conditions
NOI Build-Up for 9,568 SF
Gross rent
$229.6K $24.00/SF
− Vacancy
−$18.4K −$1.92/SF
EGI
$211.3K $22.08/SF
− OpEx
−$79.2K −$8.28/SF
NOI
$132.0K $13.80/SF
Area
Tacoma, WA
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,640,760
Cap Rate 7%
$1,886,257
Cap Rate 9%
$1,467,089
Alternative Uses
Best Use
Mixed Use
$1.89M
$1.65M – $2.20M
NOI $132,038 @ 7.0% cap · market cap 7.34%
Second Best
Retail
$1.64M
$1.44M – $1.92M
NOI $115,132 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,865 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Electronics 29%
Baskin-Robbins
Dining
4,337 visits/mo
0.5 miles
T-Mobile
Electronics
3,361 visits/mo
0.5 miles
Domino's Pizza
Dining
2,291 visits/mo
0.5 miles
Emerald City Smoothie
Dining
1,508 visits/mo
0.5 miles
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Mixed-use building on 6th Avenue with high pedestrian traffic.
Where is this retail property located?
The property is located at 3010 6th Avenue Tacoma, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location on bustling 6th Avenue with high pedestrian traffic.; NCX zoning allows for future mixed‑use development.; Excellent investment opportunity for long‑term cash flow.
