3912-3918 E Portland Ave E, Tacoma, WA
Centrally located retail space suitable for a specialty grocery store.
- Added:
- Jul 1, 2025
- Days on Market:
- 358
- Last Refresh:
- May 20 at 9:27 pm
Property Features for 3912-3918 E Portland Ave E
General Information
- Standard status
- Active
- Size
- 19,880 SF
- Lot size
- 1.66 Acres
- Property subtype
- RETAIL
Listing agent Norman Ives (206) 251-4664
Listing office NI Commercial Real Estate (206) 251-4664
Listing date Jul 1, 2025
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 NI Commercial Real Estate
HighLights
- Centrally located retail center
- Anchored by a specialty grocery store
- Benefits from good demographics
- 3 Tenant retail center
- Plenty of parking
Overview
Local Financial Insights For Specialty Retail
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 | $398.4k | $20.04 |
| − Vacancy | −$15.9k | −$0.80 |
| EGI | $382.5k | $19.24 |
| − OpEx | −$95.6k | −$4.81 |
| NOI | $286.8k | $14.43 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- B&A International Foods — 3918 Portland Ave E, Tacoma, WA 98404
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.409
- Latitude
- 47.2215
