Tilt-Up Industrial
4520 Adams St Tacoma, WA 98409
4520 Adams St, Tacoma, WA, 98409
$5,100,000
For Sale
$5,100,000
Concrete tilt-up warehouse with office space, multiple dock and grade-level doors, a 7,000 SF yard, and heavy industrial zoning.
Property Size26,068 SF
Price / SF$195.64
Days on Market21
Property Features for 4520 Adams St
General Information
- Standard status
- Active
- Size
- 26,068 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agency
FIRST WESTERN PROPERTIES - TACOMA, INC.
Listed by
JEREMIAH DURR · License #49001
Source
Corcoran
Added: Jul 3 Updated: Jul 22 at 9:41PM Checked: Jul 22 at 9:41PM
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 FIRST WESTERN PROPERTIES - TACOMA, INC.
Investment Insights
Based on property information with market context.
This concrete tilt-up industrial building includes office space totaling 1,275 SF within the overall facility. Warehouse ceiling heights vary from 13' to 16', and the property is fully sprinklered. Dock high doors include covered options, and there are also grade level doors served by ramps. Multiple service electrical connections are available to support warehouse operations, and the building includes a 7,000 SF yard area.
The property is zoned Heavy Industrial (M2), providing an industrial framework for use. Multiple dock options, grade level access, and an on-site yard support practical loading and staging needs.
Overall, the layout combines warehouse space with on-site office area, with flexible loading access via both dock high and ramped grade level doors.
The property is zoned Heavy Industrial (M2), providing an industrial framework for use. Multiple dock options, grade level access, and an on-site yard support practical loading and staging needs.
Overall, the layout combines warehouse space with on-site office area, with flexible loading access via both dock high and ramped grade level doors.
Key Highlights
- 26,068± SF concrete tilt‑up warehouse with 1,275± SF office space
- Ceiling heights vary from 13' to 16'
- Multiple dock‑high doors, including covered options, plus grade‑level doors with ramps
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 | $703.8k | $27.00 |
| − Vacancy | −$140.8k | −$5.40 |
| EGI | $563.1k | $21.60 |
| − OpEx | −$140.8k | −$5.40 |
| NOI | $422.3k | $16.20 |
26,068 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.03M
$5.28M – $7.04M
NOI $422,302 @ 7.0% cap · market cap 8.28%
Second Best
Warehouse
$4.84M
$4.24M – $5.65M
NOI $338,916 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$8.01M
$7.01M – $9.35M
NOI $560,879 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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- The Boys Moving Co. — 4707 s junett st, tacoma, wa 98409
FAQs
What type of property is this?
Warehouse - Concrete tilt-up warehouse with office space, multiple dock and grade-level doors, a 7,000 SF yard, and heavy industrial zoning.
Where is this warehouse located?
The property is located at 4520 Adams St Tacoma, WA.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 26,068± SF concrete tilt‑up warehouse with 1,275± SF office space; Ceiling heights vary from 13' to 16'; Multiple dock‑high doors, including covered options, plus grade‑level doors with ramps
