Mixed-Use Building on 6th
3620 6th Ave Tacoma, WA 98406
3620 6th Ave, Tacoma, WA, 98406
$949,000
For Sale
$949,000
Retail/office space with live/work potential on busy street.
Property Size2,144 SF
Price / SF$442.63
Days on Market184
Property Features for 3620 6th Ave
General Information
- Standard status
- Active
- Size
- 2,144 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency
COMMERCIAL ADVANTAGE REAL ESTATE
Listed by
RICK THORP
Source
Corcoran
Added: Jan 16 Checked: Jul 19 at 4:23 am
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 COMMERCIAL ADVANTAGE REAL ESTATE
Investment Insights
Based on property information with market context.
This 2,144 square foot property is currently configured as a day spa but is suitable for retail or office use. Located on 6th Avenue in Tacoma, the property offers high visibility. The commercial zoning allows for various uses. The layout includes a full retail/office suite downstairs and an upstairs apartment with a vaulted ceiling and a separate entrance, suitable for a live/work arrangement. Features include earthquake retrofitting, new electrical panels, new floors with hardwood underneath, an ADA-compliant bathroom, a fireplace, stained millwork, paint, and a security system. The property also presents a potential development site with assemblage.
Key Highlights
- High‑visibility location on busy 6th Ave in Tacoma
- Commercial zoning allows for numerous retail or office uses
- Live/work potential with separate upstairs apartment featuring vaulted ceiling and separate entrance
Local Financial Insights For Office B
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 | $57.9k | $27.00 |
| − Vacancy | −$11.6k | −$5.40 |
| EGI | $46.3k | $21.60 |
| − OpEx | −$11.6k | −$5.40 |
| NOI | $34.7k | $16.20 |
2,144 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$368.6K
$322.5K – $430.0K
NOI $25,799 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$659.0K
$576.6K – $768.8K
NOI $46,130 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Reilly Paul
Alternative Medicine Practice
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FAQs
What type of property is this?
Retail space - Retail/office space with live/work potential on busy street.
Where is this retail space located?
The property is located at 3620 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: High‑visibility location on busy 6th Ave in Tacoma; Commercial zoning allows for numerous retail or office uses; Live/work potential with separate upstairs apartment featuring vaulted ceiling and separate entrance
