Neighborhood Market with
4818 N 45th St, Tacoma, WA 98407
For Sale
$1,350,000
A rear service area accommodates deliveries, with a dedicated lot and street parking for customers.
Property Size3,840 SF
Price / SF$351.56
Days on Market46
Property Features for 4818 N 45th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
delivery area
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates Commercial Real Estate Services
Listed By:
Kyle Prosser
(253) 691-8696
Source:
Lee-associates
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 10 at 7:00AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,840-square-foot neighborhood market includes a full-service café and beer on tap. The building dates to 1946, with a dedicated parking lot and additional street parking available.
A delivery area is positioned behind the building at 4818 N 45th St in Tacoma.
A delivery area is positioned behind the building at 4818 N 45th St in Tacoma.
Key Highlights
- 3,840‑square‑foot neighborhood market
- Full‑service café and beer on tap
- Dedicated parking lot and street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,407
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,140
$1.1M
Cap Rate 7%
$791,529
$791.5K
Cap Rate 9%
$615,633
$615.6K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$77.0K $20.04/SF
− Vacancy
−$3.1K −$0.80/SF
EGI
$73.9K $19.24/SF
− OpEx
−$18.5K −$4.81/SF
NOI
$55.4K $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 Rate 5%
$1,108,140
Cap Rate 7%
$791,529
Cap Rate 9%
$615,633
Alternative Uses
Best Use
Specialty Retail
$791.5K
$692.6K – $923.5K
NOI $55,407 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,621 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98407, WA
21,931
Population
10,545
Households
2.1
Avg Household Size
45
Median Age
50%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,061
Density / Sq Mi
$108,905
Median Household Income
$70,157
Median Earnings
$1,847
Median Rent
$613,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Bao Yang Garden — Tacoma, WA 98402
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A rear service area accommodates deliveries, with a dedicated lot and street parking for customers.
Where is this grocery and convenience store located?
The property is located at 4818 N 45th St 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: 3,840‑square‑foot neighborhood market; Full‑service café and beer on tap; Dedicated parking lot and street parking
