Two-Story Office
For Sale
$1,499,000
5909 Orchard, Tacoma, WA 98467
Flexible floor plan includes private offices, break areas, and on-site surface parking.
Property Size7,516 SF
Price / SF$199.44
Days on Market74
Property Features for 5909 Orchard
General Information
Standard status
Active
Size
7,516 SF
Total Parking Spaces
25
Property subtype
Commercial
Zoning
Neighborhood Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1974
Buildings
1
Stories
2
Building Size
7,516 SF
Listing Agency:
NWC-KV LLC
Listed By:
Briana Hickey
(253) 779-8400
Source:
Century21northhomes
Added: Aug 5
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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 NWC-KV LLC
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Investment Insights
Based on property information with market context.
Located at 5909 Orchard St in Tacoma, this 7,516 SF office building was constructed in 1974 and spans two levels. The interior includes 12 +/- large private offices, restrooms and break areas on each floor, shared areas, and abundant natural light. The configuration provides separate floor areas within a professional office setting.
Approximately 25 surface parking spaces serve the property. Neighborhood Commercial zoning allows flexibility for a range of potential uses, including medical or clinic operations, counseling, financial services, accounting, coworking, and other professional office applications. Orchard Street provides access to I-5, Highway 16, and major Tacoma corridors, with established residential neighborhoods and neighborhood-serving businesses nearby.
Approximately 25 surface parking spaces serve the property. Neighborhood Commercial zoning allows flexibility for a range of potential uses, including medical or clinic operations, counseling, financial services, accounting, coworking, and other professional office applications. Orchard Street provides access to I-5, Highway 16, and major Tacoma corridors, with established residential neighborhoods and neighborhood-serving businesses nearby.
Key Highlights
- 7,516 SF, two‑story office building constructed in 1974
- 12 +/- large private offices across both levels
- Restrooms and break areas located on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,759
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,180
$2.4M
Cap Rate 7%
$1,739,414
$1.7M
Cap Rate 9%
$1,352,878
$1.4M
Market Conditions
NOI Build-Up for 7,516 SF
Gross rent
$202.9K $27.00/SF
− Vacancy
−$40.6K −$5.40/SF
EGI
$162.3K $21.60/SF
− OpEx
−$40.6K −$5.40/SF
NOI
$121.8K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,435,180
Cap Rate 7%
$1,739,414
Cap Rate 9%
$1,352,878
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,759 @ 7.0% cap · market cap 8.12%
Second Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,448 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,714 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 98467, WA
16,512
Population
6,718
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
3,440
Density / Sq Mi
$90,586
Median Household Income
$48,802
Median Earnings
$1,566
Median Rent
$580,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Flexible floor plan includes private offices, break areas, and on-site surface parking.
Where is this office building located?
The property is located at 5909 Orchard Tacoma, WA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 7,516 SF, two‑story office building constructed in 1974; 12 +/- large private offices across both levels; Restrooms and break areas located on each floor
