Storage Condo with Established
For Sale
Contact for pricing
3025 S HUSON ST, Tacoma, WA 98409
Month-to-month occupancy offers lease flexibility for the next owner.
Property Size300 SF
Price / SF$133
Days on Market9
Property Features for 3025 S HUSON ST
General Information
Standard status
Active
Size
300 SF
Property subtype
Industrial, Self Storage
Lease Type
Gross
Additional Details
Gross Income
$3,600
Building Details
Year Built
2003
Stories
1
Units
1
Tenancy
Single
Listing Agency:
White Dove Capital
Listed By:
Ahmad Mohammad · License #TX
Source:
Crexi
Added: Aug 12
Changed: Aug 18
Last Checked: Aug 19 at 6:21AM
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 White Dove Capital
Investment Insights
Based on property information with market context.
This 2003 storage condominium is configured as a compact, separately owned storage asset at 3025 S Huson St, Unit 5A, in Tacoma, Washington. The property is occupied by a tenant who has remained in place for approximately 20 years, providing an established operating history for the unit.
The tenancy is month-to-month, allowing the next owner to maintain the current arrangement or evaluate a different leasing strategy. The asset is located within a commercial condominium setting and is suited to ownership focused on a small-scale storage property.
The tenancy is month-to-month, allowing the next owner to maintain the current arrangement or evaluate a different leasing strategy. The asset is located within a commercial condominium setting and is suited to ownership focused on a small-scale storage property.
Key Highlights
- Storage condominium at 3025 S Huson St, Unit 5A, Tacoma, WA
- Tenant occupancy has continued for approximately 20 years
- Month‑to‑month tenancy provides lease flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$51,560
$51.6K
Cap Rate 7%
$36,829
$36.8K
Cap Rate 9%
$28,644
$28.6K
Market Conditions
NOI Build-Up for 300 SF
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.
Gross rent
$4.0K $13.20/SF
− Vacancy
−$277 −$0.92/SF
EGI
$3.7K $12.28/SF
− OpEx
−$1.1K −$3.68/SF
NOI
$2.6K $8.59/SF
Area
Tacoma, WA
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$51,560
Cap Rate 7%
$36,829
Cap Rate 9%
$28,644
Alternative Uses
Best Use
Warehouse
$55.7K
$48.8K – $65.0K
NOI $3,900 @ 7.0% cap · market cap 9.77%
Second Best
Self Storage
$36.8K
$32.2K – $43.0K
NOI $2,578 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$92.2K
$80.7K – $107.6K
NOI $6,455 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Month-to-month occupancy offers lease flexibility for the next owner.
Where is this self storage facility located?
The property is located at 3025 S HUSON ST Tacoma, WA.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: Storage condominium at 3025 S Huson St, Unit 5A, Tacoma, WA; Tenant occupancy has continued for approximately 20 years; Month‑to‑month tenancy provides lease flexibility
