Renovated Retail Tap
For Sale
Contact for pricing
4328 6th Ave, Tacoma, WA 98406
Renovated tap house on Tacoma’s vibrant 6th Avenue.
Property Size3,500 SF
Lot Size0.33 Acres
Price / SF$385.71
Days on Market381
Property Features for 4328 6th Ave
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.33 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 444-3025
Listed By:
Thomas Brown
(253) 219-6411
Source:
Moodyscre
Added: Jul 28, 2025
Changed: Aug 11
Last Checked: Aug 11 at 10:57AM
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 Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This renovated retail tap house is located on 6th Avenue in Tacoma, a key arterial road connecting multiple parts of the city. The property is equipped with a grease trap (Zurn 500 gallon). The property is suitable for retail or food and beverage operations. The property size is 3,500 square feet.
Key Highlights
- Ideally located on Tacoma’s vibrant 6th Avenue.
- Equipped with a Zurn 500 gallon grease trap.
- High‑traffic location.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,020
$1.0M
Cap Rate 7%
$721,443
$721.4K
Cap Rate 9%
$561,122
$561.1K
Market Conditions
NOI Build-Up for 3,500 SF
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.
Gross rent
$70.1K $20.04/SF
− Vacancy
−$2.8K −$0.80/SF
EGI
$67.3K $19.24/SF
− OpEx
−$16.8K −$4.81/SF
NOI
$50.5K $14.43/SF
Area
Tacoma, WA
Vacancy
4.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,010,020
Cap Rate 7%
$721,443
Cap Rate 9%
$561,122
Alternative Uses
Best Use
Specialty Retail
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$601.7K
$526.5K – $701.9K
NOI $42,116 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.08M
$941.3K – $1.26M
NOI $75,306 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
7-Eleven
Shops & Services
8,854 visits/mo
0.5 miles
Shell
Shops & Services
5,484 visits/mo
0.5 miles
AutoZone
Shops & Services
4,562 visits/mo
0.4 miles
Cutters Point
Dining
4,081 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
3,269 visits/mo
0.0 miles
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Pub - Renovated tap house on Tacoma’s vibrant 6th Avenue.
Where is this pub located?
The property is located at 4328 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Ideally located on Tacoma’s vibrant 6th Avenue.; Equipped with a Zurn 500 gallon grease trap.; High‑traffic location.
