Luxury Office Condo at Point
4961 Main Street Tacoma, WA 98407
For Sale
$1,095,000
Pending
High-end 2,533 SF professional office condo with flexible floor plan.
Property Size2,533 SF
Days on Market288
Property Features for 4961 Main Street
General Information
- Standard status
- Pending
- Size
- 2,533 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2018
Listing Agency:
KIDDER MATHEWS
Listed By:
BENJAMIN NORBE
Source:
Corcoran
Added: Oct 13, 2025
Changed: Jul 10
Last Checked: Jul 23 at 7:25AM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This is a 2,533 square foot professional office condo located at Point Ruston. The unit features high-end finishes and a flexible floor plan.
Key Highlights
- Luxury professional office condo
- Located at Point Ruston
- 2,533 SF of space
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 | $68.4k | $27.00 |
| − Vacancy | −$13.7k | −$5.40 |
| EGI | $54.7k | $21.60 |
| − OpEx | −$13.7k | −$5.40 |
| NOI | $41.0k | $16.20 |
2,533 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$586.2K
$512.9K – $683.9K
NOI $41,035 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.6K
$681.3K – $908.3K
NOI $54,500 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pfarr Insurance Agency: ...
Insurance Agency
Baker Condominiums
Condominium Complex
Ashley Keays
Alternative Medicine Practice
Lucas Briggs
Physician
FAQs
What type of property is this?
Office units - High-end 2,533 SF professional office condo with flexible floor plan.
Where is this office units located?
The property is located at 4961 Main Street Tacoma, WA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Luxury professional office condo; Located at Point Ruston; 2,533 SF of space
