Heavy Industrial Warehouse with
For Sale
Contact for pricing
4520 S Adams St, Tacoma, WA 98409
Concrete tilt warehouse totaling 26,068 SF with 7,000 SF yard and 1,275 SF office, zoned Heavy Industrial (M2).
Property Size26,068 SF
Price / SF$195.64
Days on Market98
Property Features for 4520 S Adams St
General Information
Standard status
Active
Size
26,068 SF
Property subtype
INDUSTRIAL
Zoning
M2
Warehouse & Industrial
Clear Height
16 ft
Sprinkler System
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Construction
concrete tilt
Listing Agency:
First Western Properties - Tacoma, Inc.
(253) 472-0404
Listed By:
Jeremiah Durr · License #49001
(253) 471-5506
Source:
Moodyscre
Added: Jul 2
Changed: Sep 6
Last Checked: Oct 5 at 5:27PM
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.
Concrete tilt warehouse property totaling 26,068± SF, including 1,275± SF of office space. Ceiling heights vary from 13' to 16', and the building is fully sprinklered.
The facility includes multiple dock-high doors, including covered options, plus grade-level doors with ramps. There are multiple service electrical connections, supporting flexible site operations.
A 7,000 SF yard is included with the building. The property is zoned Heavy Industrial (M2).
The facility includes multiple dock-high doors, including covered options, plus grade-level doors with ramps. There are multiple service electrical connections, supporting flexible site operations.
A 7,000 SF yard is included with the building. The property is zoned Heavy Industrial (M2).
Key Highlights
- 26,068± SF concrete tilt warehouse with 1,275± SF office space
- Heavy Industrial (M2) zoning
- Ceiling heights vary from 13' to 16'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$422,302
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,446,040
$8.4M
Cap Rate 7%
$6,032,886
$6.0M
Cap Rate 9%
$4,692,244
$4.7M
Market Conditions
NOI Build-Up for 26,068 SF
Gross rent
$703.8K $27.00/SF
− Vacancy
−$140.8K −$5.40/SF
EGI
$563.1K $21.60/SF
− OpEx
−$140.8K −$5.40/SF
NOI
$422.3K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,446,040
Cap Rate 7%
$6,032,886
Cap Rate 9%
$4,692,244
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 authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Concrete tilt warehouse totaling 26,068 SF with 7,000 SF yard and 1,275 SF office, zoned Heavy Industrial (M2).
Where is this warehouse located?
The property is located at 4520 S 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 warehouse with 1,275± SF office space; Heavy Industrial (M2) zoning; Ceiling heights vary from 13' to 16'
