Industrial Property with Office
5838 Adams Street Tacoma, WA 98409
For Sale
$1,600,000
Two buildings with office and warehouse space for sale.
Property Size6,560 SF
Price / SF$243.90
Days on Market109
Property Features for 5838 Adams Street
General Information
- Standard status
- Active
- Size
- 6,560 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing Agency:
KIDDER MATHEWS
(253) 722-1441
Listed By:
LAURA FOX · License #FOX**LJ381R
Source:
Corcoran
Added: Apr 6
Changed: Jul 10
Last Checked: Jul 23 at 8:20AM
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 property features a central location and is zoned for heavy industrial use (M2). It includes two buildings. The first building offers 6,560 square feet, including 2,260 square feet of office space spread across two floors. The second building provides 960 square feet of storage or warehouse space. Both buildings are equipped with grade-level loading. The property is fenced and gated, presenting a suitable opportunity for an owner-user. Please contact the broker for tours and questions.
Key Highlights
- Heavy industrial zoning (M2)
- Central location
- Two buildings: 6560 SF (includes 2260 SF office) and 960 SF storage/warehouse
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 | $177.1k | $27.00 |
| − Vacancy | −$35.4k | −$5.40 |
| EGI | $141.7k | $21.60 |
| − OpEx | −$35.4k | −$5.40 |
| NOI | $106.3k | $16.20 |
6,560 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,272 @ 7.0% cap · market cap 6.64%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,288 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,145 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SERA soccer field
Park
New Era Contract ...
Department Store
Happy Dog South ...
Kennel & Boarding Facility
Tacoma Metro Parks ...
Gym & Fitness Center
FAQs
What type of property is this?
Industrial property - Two buildings with office and warehouse space for sale.
Where is this industrial property located?
The property is located at 5838 Adams Street Tacoma, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Heavy industrial zoning (M2); Central location; Two buildings: **6560 SF (includes 2260 SF office)** and 960 SF storage/warehouse
