Adaptable Commercial Space For
For Sale
$1,660,800
4820 Washington St, Tacoma, WA 98409
Commercial property suitable for retail, showroom, or light industrial use.
Property Size5,536 SF
Price / SF$300
Days on Market631
Property Features for 4820 Washington St
General Information
Standard status
Active
Size
5,536 SF
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Listed By:
BILLY MOULTRIE
(206) 228-1847
Source:
Corcoran
Added: Feb 4, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:08AM
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.
This property is located in an established commercial and industrial area, offering high accessibility. It features adaptable space suitable for retail, showroom, or light industrial purposes. The site includes dedicated parking, which is beneficial for both customers and staff.
Key Highlights
- Established commercial and industrial area location.
- High accessibility.
- Dedicated parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,615
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,300
$1.3M
Cap Rate 7%
$951,643
$951.6K
Cap Rate 9%
$740,167
$740.2K
Market Conditions
NOI Build-Up for 5,536 SF
Gross rent
$99.6K $18.00/SF
− Vacancy
−$4.5K −$0.81/SF
EGI
$95.2K $17.19/SF
− OpEx
−$28.5K −$5.16/SF
NOI
$66.6K $12.03/SF
Area
Tacoma, WA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,300
Cap Rate 7%
$951,643
Cap Rate 9%
$740,167
Alternative Uses
Best Use
Retail
$951.6K
$832.7K – $1.11M
NOI $66,615 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$846.8K
$740.9K – $987.9K
NOI $59,273 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,113 @ 7.0% cap · market cap 7.17%
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
839
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Mosaic Tile Arts — 3501 S 54th St, Tacoma, WA 98409
- T & A Supply Company Inc — 5211 S Washington St # A, Tacoma, WA 98409
- AST Floors — 5049 S Tacoma Way, Tacoma, WA 98409
Frequently Asked Questions
What type of property is this?
Showroom - Commercial property suitable for retail, showroom, or light industrial use.
Where is this showroom located?
The property is located at 4820 Washington St Tacoma, WA.
What is the asking price?
The asking price for this property is $1,660,800.
What are key features of this property?
This property features: Established commercial and industrial area location.; High accessibility.; Dedicated parking.
