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    Mixed-Use Property in Opportunity Zone Title is generated by Realmo AI

    3802 S Cedar St, Tacoma, WA 98409

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    Mixed-use property with warehouse, retail, and office spaces for sale.

    Type:RETAIL
    Property size:
    19,133 SF
    Lot size:
    1.56 Acres
    Price / SF:
    $261/SF
    Added:
    Jan 27, 2026
    Days on Market:
    160
    Last Refresh:
    Apr 5 at 11:31 pm

    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

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    Raymond Vara
    Raymond Vara

    Listing office Northmarq Commercial, LLC

    Listing date Jan 27, 2026

    Source Moodyscre

    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

    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.
    • Urban Center Mixed Use (UCX STGPD) zoning allows for a variety of uses.
    • Includes grade & dock doors and yard space.
    • Large parcel size of 68,000 SF.

    Overview

    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.

    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 $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 (±1% cap)
    NOI $309,955 @ 7.0% cap · market cap 6.21%
    Second Best
    Mixed Use
    $3.77M
    $3.30M – $4.40M (±1% cap)
    NOI $264,035 @ 7.0% cap · market cap 5.29%
    Theoretical Best
    Office A
    $5.88M
    $5.15M – $6.86M (±1% cap)
    NOI $411,666 @ 7.0% cap · market cap 8.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crystal Spirit Spiritual ... Psychic Wellness Inspired Alternative Medicine Practice Conscious Journey Massage ... Alternative Medicine Practice Aldebaran Hypnotherapy Weight Loss Service Marcus O'Crotty,LMP,CHt Alternative Medicine Practice

    Suggested Use

    Hotel & Motel Acupuncture Wine and Liquor Store Skin Care Clinic Storage Facility Restaurant Travel Agency Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.477
    Latitude
    47.2223

    FAQs

    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.
    (206) 584-6195 Call to check price and availability
    More about this property
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