Industrial Campus with Two
For Sale
Contact for pricing
4320 S Adams St, Tacoma, WA 98409
Two freestanding industrial buildings totaling 19,600 SF on nearly an acre with 20-foot clear heights and grade-level doors.
Property Size19,600 SF
Price / SF$183.67
Days on Market182
Property Features for 4320 S Adams St
General Information
Standard status
Active
Size
19,600 SF
Property subtype
INDUSTRIAL
Zoning
CIX
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
8
Additional Details
Highway Access
Yes
Listing Agency:
Kidder Mathews
(253) 722-1400
Listed By:
Matt McLennan · License #127920
(253) 722-1458
Source:
Moodyscre
Added: Apr 28
Changed: Oct 25
Last Checked: Oct 24 at 9:20PM
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 Kidder Mathews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
South Adams Industrial Campus offers a two-building industrial setup, totaling 19,600 square feet across two freestanding buildings on nearly an acre of land. The campus features 20-foot clear heights and eight grade-level doors, providing straightforward loading and operational flexibility for light industrial, distribution, and service-oriented uses. Zoning is listed as CIX.
The property is located in the City of Tacoma within the established South End industrial corridor. Access is described as convenient to I-5, Highway 16, and the Port of Tacoma, supporting connectivity for a range of logistics and industrial activities.
The property is located in the City of Tacoma within the established South End industrial corridor. Access is described as convenient to I-5, Highway 16, and the Port of Tacoma, supporting connectivity for a range of logistics and industrial activities.
Key Highlights
- Two freestanding industrial buildings totaling 19,600 SF on nearly an acre in Tacoma’s South End industrial corridor
- 20‑foot clear height with eight grade‑level doors for flexible industrial and loading use
- CIX zoning supporting a range of light industrial, distribution, and service‑oriented uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,824
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,096,480
$5.1M
Cap Rate 7%
$3,640,343
$3.6M
Cap Rate 9%
$2,831,378
$2.8M
Market Conditions
NOI Build-Up for 19,600 SF
Gross rent
$326.9K $16.68/SF
− Vacancy
−$27.1K −$1.38/SF
EGI
$299.8K $15.30/SF
− OpEx
−$45.0K −$2.29/SF
NOI
$254.8K $13.00/SF
Area
Tacoma, WA
Vacancy
8.30%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,096,480
Cap Rate 7%
$3,640,343
Cap Rate 9%
$2,831,378
Alternative Uses
Best Use
Warehouse
$3.64M
$3.19M – $4.25M
NOI $254,824 @ 7.0% cap · market cap 7.08%
Second Best
Industrial
$3.00M
$2.62M – $3.50M
NOI $209,855 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$6.02M
$5.27M – $7.03M
NOI $421,714 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
20 ft
Clear height
8
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Distribution center - Two freestanding industrial buildings totaling 19,600 SF on nearly an acre with 20-foot clear heights and grade-level doors.
Where is this distribution center located?
The property is located at 4320 S Adams St Tacoma, WA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Two freestanding industrial buildings totaling 19,600 SF on nearly an acre in Tacoma’s South End industrial corridor; 20‑foot clear height with eight grade‑level doors for flexible industrial and loading use; CIX zoning supporting a range of light industrial, distribution, and service‑oriented uses
