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    Mixed-Use Property in University Place Title is generated by Realmo AI

    5314-5316 Orchard St W, University Place, WA

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    Established mixed-use property with flexible space in Tacoma, Washington.

    Type:OFFICE
    Property size:
    10,097 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $160/SF
    Added:
    Nov 24, 2025
    Days on Market:
    215
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 5314-5316 Orchard St W

    General Information

    Standard status
    Active
    Size
    10,097 SF
    Lot size
    0.50 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 5314-5316 Orchard St W Contact us

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    Contact an agent
    Clayton Brown
    Clayton Brown

    Listing office Marcus & Millichap, Inc.

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Marcus & Millichap, Inc.

    HighLights

    • High traffic exposure (21,000 vehicles daily) due to corner lot location.
    • 10,097 SF of flexible space.
    • Mixed‑use property with diverse tenancy (office, warehouse/basement, residential).
    • Located in the University Place neighborhood of Tacoma, WA.
    • Strategic location in a growing market.
    • Opportunity for investors or businesses to expand.

    Overview

    This established mixed-use property is located in the University Place neighborhood of Tacoma, Washington. Situated on the corner of 53rd St W and South Orchard Street, the property benefits from high traffic exposure, with approximately 21,000 vehicles passing daily. The multi-tenant building offers 10,097 square feet of flexible space. The property features a first-floor office, a finished basement/warehouse, and one residential apartment unit. The diverse tenancy and strategic location provide an opportunity for investors or businesses looking to expand their footprint in a growing market.

    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 $221.7k $21.96
    − Vacancy −$31.0k −$3.07
    EGI $190.7k $18.89
    − OpEx −$47.7k −$4.72
    NOI $143.0k $14.16
    10,097 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.04M
    $1.79M – $2.38M (±1% cap)
    NOI $143,016 @ 7.0% cap · market cap 8.80%
    Second Best
    Apartment 5plus
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,183 @ 7.0% cap · market cap 7.52%
    Theoretical Best
    Office A
    $2.73M
    $2.39M – $3.18M (±1% cap)
    NOI $190,896 @ 7.0% cap · market cap 11.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.538
    Latitude
    47.202

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    FAQs

    What type of property is this?
    Mixed-use property - Established mixed-use property with flexible space in Tacoma, Washington.
    Where is this mixed-use property located?
    The property is located at 5314-5316 Orchard St W University Place, WA.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: High traffic exposure (21,000 vehicles daily) due to corner lot location.; 10,097 SF of flexible space.; Mixed‑use property with diverse tenancy (office, warehouse/basement, residential).
    (206) 826-5700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Clayton Brown
    Clayton Brown
    Real Estate License ID: (S):WA:123258,ID:SP56979
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