Mixed-Use Property in Opportunity
3802 S Cedar St Tacoma, WA 98409
For Sale
Contact for pricing
Mixed-use property with warehouse, retail, and office spaces for sale.
Property Size19,133 SF
Lot Size1.56 Acres
Price / SF$261.07
Days on Market184
Property Features for 3802 S Cedar St
General Information
Standard status
Active
Size
19,133 SF
Lot size
1.56 Acres
Property subtype
RETAIL
Properties For Sale
at 3802 S Cedar St Contact us
Listing Agency:
Northmarq Commercial, LLC
(206) 584-6195
Listed By:
Raymond Vara
(206) 584-6195
Source:
Moodyscre
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 21 at 8:45AM
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 Northmarq Commercial, LLC
Investment Insights
Based on property information with market context.
This mixed-use property offers a total building area of 30,063 square feet on a 68,000 square foot parcel. Available space for lease ranges from 3,126 square feet of warehouse/flex space up to 19,133 square feet suitable for retail, office, or warehouse/flex use. The property includes grade and dock doors, as well as yard space. It currently generates NNN income from two existing tenants. Zoned Urban Center Mixed Use (UCX STGPD), the property is located in a High Density-Regional Growth Center and an Opportunity Zone. Lease rates are $15.00 per square foot per year, NNN. The property is offered for sale at $5,950,000, which equates to $197.91 per square foot.
Key Highlights
- Significant income from two existing NNN tenants.
- Flexible space available for lease, ranging from 3,126 SF (warehouse/flex) up to 19,133 SF (retail, office, and warehouse/flex).
- Located in a High Density‑Regional Growth Center & Opportunity Zone.
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 | $516.6k | $27.00 |
| − Vacancy | −$103.3k | −$5.40 |
| EGI | $413.3k | $21.60 |
| − OpEx | −$103.3k | −$5.40 |
| NOI | $310.0k | $16.20 |
19,133 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.43M
$3.87M – $5.17M
NOI $309,955 @ 7.0% cap · market cap 6.21%
Second Best
Mixed Use
$3.77M
$3.30M – $4.40M
NOI $264,035 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$5.88M
$5.15M – $6.86M
NOI $411,666 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with warehouse, retail, and office spaces for sale.
Where is this mixed-use property located?
The property is located at 3802 S Cedar St Tacoma, WA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Significant income from two existing NNN tenants.; Flexible space available for lease, ranging from 3,126 SF (warehouse/flex) up to 19,133 SF (retail, office, and warehouse/flex).; Located in a High Density‑Regional Growth Center & Opportunity Zone.
