Bank Property with
For Sale
Contact for pricing
3607 6th Ave, Tacoma, WA 98406
Existing commercial property combining a bank asset with an accompanying land parcel.
Property Size4,206 SF
Lot Size0.44 Acres
Price / SF$392.30
Days on Market54
Property Features for 3607 6th Ave
General Information
Standard status
Active
Size
4,206 SF
Lot size
0.44 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
North End
Corner Location
No
Additional Details
Liquor License
No
Listing Agency:
CBRE
(206) 292-1600
Listed By:
Dan McGinnis
(206) 292-6092
Source:
Moodyscre
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 4 at 3:04PM
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 CBRE
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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.
This bank property at 3607 6th Ave in Tacoma, Washington, includes 4,206 square feet of property improvements and approximately 0.44 acres of land. The land area is also identified as approximately 19,200± square feet.
Key Highlights
- Bank property classification
- 4,206 square feet of property improvements
- Approximately 0.44 acres of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,688
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,760
$1.2M
Cap Rate 7%
$866,971
$867.0K
Cap Rate 9%
$674,311
$674.3K
Market Conditions
NOI Build-Up for 4,206 SF
Gross rent
$84.3K $20.04/SF
− Vacancy
−$3.4K −$0.80/SF
EGI
$80.9K $19.24/SF
− OpEx
−$20.2K −$4.81/SF
NOI
$60.7K $14.43/SF
Area
Tacoma, WA
Vacancy
4.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,760
Cap Rate 7%
$866,971
Cap Rate 9%
$674,311
Alternative Uses
Best Use
Specialty Retail
$867.0K
$758.6K – $1.01M
NOI $60,688 @ 7.0% cap · market cap 3.68%
Second Best
Retail
$723.0K
$632.6K – $843.5K
NOI $50,611 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,496 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Shell
Shops & Services
5,484 visits/mo
0.4 miles
AutoZone
Shops & Services
4,562 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,492 visits/mo
0.4 miles
Wells Fargo
Shops & Services
3,552 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
3,269 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - Existing commercial property combining a bank asset with an accompanying land parcel.
Where is this bank located?
The property is located at 3607 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Bank property classification; 4,206 square feet of property improvements; Approximately 0.44 acres of land
