Specialty Grocery Store Retail
3912-3918 E Portland Ave E Tacoma, WA
3912-3918 E Portland Ave E, Tacoma, WA, 00000
Contact for pricing
For Sale
Contact for pricing
Centrally located retail space suitable for a specialty grocery store.
Property Size19,880 SF
Lot Size1.66 Acres
Price / SF$233.90
Days on Market386
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 agency
NI Commercial Real Estate
(206) 251-4664
Listed by
Norman Ives
(206) 251-4664
Source
Moodyscre
Added: Jul 1, 2025 Updated: Jul 10 at 11:34AM Checked: Jul 20 at 3:21AM
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
Investment Insights
Based on property information with market context.
This centrally located retail space is suitable for a specialty grocery store. The property is part of a 3-tenant retail center that offers ample parking. The property size is 19880 square feet. The property is located in Tacoma, WA.
Key Highlights
- Centrally located retail center
- Anchored by a specialty grocery store
- Benefits from good demographics
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 |
19,880 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.10M
$3.59M – $4.78M
NOI $286,845 @ 7.0% cap · market cap 6.17%
Second Best
Retail
$3.42M
$2.99M – $3.99M
NOI $239,216 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,738 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- B&A International Foods — 3918 Portland Ave E, Tacoma, WA 98404
FAQs
What type of property is this?
Grocery and convenience store - Centrally located retail space suitable for a specialty grocery store.
Where is this grocery and convenience store located?
The property is located at 3912-3918 E Portland Ave E Tacoma, WA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Centrally located retail center; Anchored by a specialty grocery store; Benefits from good demographics
