Fenced Flex Space with
New
For Sale
$2,499,777
3630 & 3636 South 66th St, Tacoma, WA 98409
M2 Heavy Industrial zoning accompanies a shop, office area, and separate on-site residence.
Property Size7,750 SF
Lot Size0.89 Acres
Price / SF$322.55
Days on Market3
Property Features for 3630 & 3636 South 66th St
General Information
Standard status
Active
Size
7,750 SF
Lot size
0.89 Acres
Property subtype
Industrial
Zoning
M2 Heavy Industrial
Additional Details
Asking Price
$2,499,777
Fenced Yard
Yes
Office Build-Out
2,400 SF
Building Details
Building Size
7,750 SF
Listing Agency:
NAI Puget Sound Properties
Listed By:
John Pavolka · License #WA 21019437
(253) 203-1327
Source:
Nai-psp
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 6:16AM
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 NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
This Tacoma flex property combines a 5,350-square-foot shop with 2,400 square feet of office space in a 7,750-square-foot building. A separate 1,392-square-foot house is also on the 0.89-acre site. Four roll-up doors measure 14 by 10 feet, and the grounds include paved parking and yard space within a full perimeter fence.
The property is at 3630 and 3636 South 66th Street in South Tacoma. Its M2 Heavy Industrial zoning and combination of shop, office, and residential improvements define the existing configuration.
The property is at 3630 and 3636 South 66th Street in South Tacoma. Its M2 Heavy Industrial zoning and combination of shop, office, and residential improvements define the existing configuration.
Key Highlights
- 7,750‑square‑foot building with 5,350 square feet of shop and 2,400 square feet of office space
- Separate 1,392‑square‑foot house on the property
- 0.89 acres total (38,729 square feet)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,950
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,139,000
$2.1M
Cap Rate 7%
$1,527,857
$1.5M
Cap Rate 9%
$1,188,333
$1.2M
Market Conditions
NOI Build-Up for 7,750 SF
Gross rent
$186.0K $24.00/SF
− Vacancy
−$14.9K −$1.92/SF
EGI
$171.1K $22.08/SF
− OpEx
−$64.2K −$8.28/SF
NOI
$107.0K $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%
$2,139,000
Cap Rate 7%
$1,527,857
Cap Rate 9%
$1,188,333
Alternative Uses
Best Use
Mixed Use
$1.53M
$1.34M – $1.78M
NOI $106,950 @ 7.0% cap · market cap 4.28%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,421 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,749 @ 7.0% cap · market cap 6.67%
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
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Picasso Catering — 5717 s tyler st, tacoma, wa 98409
- Adore Boards, LLC. — 5602 S Washington St, Tacoma, WA 98409
Frequently Asked Questions
What type of property is this?
Flex space - M2 Heavy Industrial zoning accompanies a shop, office area, and separate on-site residence.
Where is this flex space located?
The property is located at 3630 & 3636 South 66th St Tacoma, WA.
What is the asking price?
The asking price for this property is $2,499,777.
What are key features of this property?
This property features: 7,750‑square‑foot building with 5,350 square feet of shop and 2,400 square feet of office space; Separate 1,392‑square‑foot house on the property; 0.89 acres total (38,729 square feet)
