Listing Agency: NWC - KV LLC Show Phone

Listed By: Shane Crook Show Phone

Source: Moodyscre

Added: Sep 12 Changed: Nov 3 Last Checked: Nov 6 at 6:08AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,850-square-foot storefront property occupies a corner location at 5441 S Sheridan Ave in Tacoma. On-site parking supports the property, while C-2 / General Community Commercial District zoning provides the applicable commercial land-use designation.

The site benefits from exposure along S 56th St, where traffic exceeds 20,000 vehicles per day. I-5 and Tacoma Mall are minutes away, with transit and surrounding amenities also accessible from the property.

Key Highlights

• 5,850‑square‑foot storefront property
• Corner location with exposure along S 56th St
• Over 20,000 vehicles per day on S 56th

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,393

Cap Rate

7.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,407,860 $1.4M

Cap Rate 7%

$1,005,614 $1.0M

Cap Rate 9%

$782,144 $782.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,850 SF

Gross rent

$105.3K $18.00/SF

− Vacancy

−$4.7K −$0.81/SF

EGI

$100.6K $17.19/SF

− OpEx

−$30.2K −$5.16/SF

NOI

$70.4K $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%

$1,407,860

Cap Rate 7%

$1,005,614

Cap Rate 9%

$782,144

Alternative Uses

Best Use

Retail

$1.01M

$879.9K – $1.17M (±1% cap)

NOI $70,393 @ 7.0% cap · market cap 7.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,869 @ 7.0% cap · market cap 13.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sir-Amicks Studio/Sir-Perior (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Plumbing Service Carpet & Flooring Store HVAC Service Law Firm (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

339

Businesses Nearby

58k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 68% Shops & Services 32%

Safeway Groceries

39,170 visits/mo 0.5 miles

Safeway Gas Shops & Services

9,444 visits/mo 0.4 miles

7-Eleven Shops & Services

9,124 visits/mo 0.3 miles

Demographics for 98408, WA

20,566

Population

8,418

Households

2.4

Avg Household Size

38

Median Age

25%

College-Educated

90%

High-School Grad

3.4 sq mi

ZIP Area

6,049

Density / Sq Mi

$78,855

Median Household Income

$45,786

Median Earnings

$1,610

Median Rent

$379,400

Median Home Value

Market

Properties on Market for Storefront properties in Tacoma

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Safeway Florist — 707 s 56th st, tacoma, wa 98408

Frequently Asked Questions

What type of property is this?

Storefront property - The property carries C-2 / General Community Commercial District zoning and includes on-site parking.

Where is this storefront property located?

The property is located at 5441 S Sheridan Ave Tacoma, WA.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: 5,850‑square‑foot storefront property; Corner location with exposure along S 56th St; Over 20,000 vehicles per day on S 56th