Mixed-Use Building with
New
For Sale
$650,000
3418 Pacific Ave, Tacoma, WA 98418
A flexible business area occupies the main floor, with an updated one-bedroom residence above.
Property Size1,473 SF
Price / SF$441.28
Days on Market7
Property Features for 3418 Pacific Ave
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Commercial
Zoning
TAC
Building Details
Year Built
1890
Listing Agency:
eXp Realty
Listed By:
Tanya Headrick
(888) 317-5197
Source:
Searchhomesinbellingham
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:27PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,473 SF mixed-use property at 3418 Pacific Ave includes a commercial area on the main level and an updated apartment upstairs. The residence has one bedroom, one bathroom, a finished kitchen with butcher-block counters and a tile backsplash, a dining area, and in-unit laundry. The building was constructed in 1890, and the property is zoned TAC.
Multiple parking spaces are located behind the building, and a large roadside sign faces Pacific Ave. The two-level configuration combines business space with a separate residential unit.
Multiple parking spaces are located behind the building, and a large roadside sign faces Pacific Ave. The two-level configuration combines business space with a separate residential unit.
Key Highlights
- 1,473 SF mixed‑use property
- Updated upstairs apartment with one bedroom, one bathroom, and in‑unit laundry
- Main‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,863
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,260
$477.3K
Cap Rate 7%
$340,900
$340.9K
Cap Rate 9%
$265,144
$265.1K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$39.8K $27.00/SF
− Vacancy
−$8.0K −$5.40/SF
EGI
$31.8K $21.60/SF
− OpEx
−$8.0K −$5.40/SF
NOI
$23.9K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,260
Cap Rate 7%
$340,900
Cap Rate 9%
$265,144
Alternative Uses
Best Use
Office B
$340.9K
$298.3K – $397.7K
NOI $23,863 @ 7.0% cap · market cap 3.67%
Second Best
Mixed Use
$290.4K
$254.1K – $338.8K
NOI $20,327 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$452.8K
$396.2K – $528.2K
NOI $31,693 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 98418, WA
10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
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 Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A flexible business area occupies the main floor, with an updated one-bedroom residence above.
Where is this mixed-use property located?
The property is located at 3418 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,473 SF mixed‑use property; Updated upstairs apartment with one bedroom, one bathroom, and in‑unit laundry; Main‑floor commercial space
