Owner-User Office
3645 N Pearl St Tacoma, WA 98407
3645 N Pearl St, Tacoma, WA, 98407
Contact for pricing
For Sale
Contact for pricing
Office condo offering shared ownership and quarterly dues of $800, suited for a small professional firm.
Property Size1,024 SF
Price / SF$385.74
Days on Market75
Property Features for 3645 N Pearl St
General Information
- Standard status
- Active
- Size
- 1,024 SF
- Property subtype
- OFFICE
Listing agency
Blue Chip Realty
(253) 444-3108
Listed by
Gregory Pubols
Source
Moodyscre
Added: May 8 Updated: Jul 21 at 3:20PM Checked: Jul 21 at 3:20PM
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 Blue Chip Realty
Investment Insights
Based on property information with market context.
This office condo has been used as an owner-user law office for decades. The space is configured for professional services and is an office condo, which includes shared fees.
The property is located at 3645 N Pearl St in Tacoma, WA. It is offered for sale and is described as a “terrific spot” for a small law firm or other professional service.
As an office condo, the property requires association dues, listed at $800 per quarter.
The property is located at 3645 N Pearl St in Tacoma, WA. It is offered for sale and is described as a “terrific spot” for a small law firm or other professional service.
As an office condo, the property requires association dues, listed at $800 per quarter.
Key Highlights
- Office condo currently used as an owner/user law office for decades
- Suited for a small professional firm such as a law firm, accountant, engineer, or therapy/counseling practice
- Quarterly condo dues are $800, with shared ownership
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 | $27.6k | $27.00 |
| − Vacancy | −$5.5k | −$5.40 |
| EGI | $22.1k | $21.60 |
| − OpEx | −$5.5k | −$5.40 |
| NOI | $16.6k | $16.20 |
1,024 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Law Offices of Bruce ...
Law Firm
Bush James H
Law Firm
attorney
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo offering shared ownership and quarterly dues of $800, suited for a small professional firm.
Where is this office units located?
The property is located at 3645 N Pearl St Tacoma, WA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Office condo currently used as an owner/user law office for decades; Suited for a small professional firm such as a law firm, accountant, engineer, or therapy/counseling practice; Quarterly condo dues are $800, with shared ownership
