Tacoma Office Building For
For Sale
$3,500,000
5954 N 26th St, Tacoma, WA 98406
Office building available for purchase in Tacoma, Washington.
Property Size26,281 SF
Price / SF$198.72
Days on Market327
Property Features for 5954 N 26th St
General Information
Standard status
Active
Size
26,281 SF
Class
C
Property subtype
Office
Building Details
Building Size
26,281 SF
Year Built
1964
Buildings
1
Listing Agency:
Kidder Mathews - Tacoma
Listed By:
Bruce Barker · License #22027044
(253) 722-1459
Source:
Kidder
Added: Nov 24, 2025
Changed: Aug 26
Last Checked: Aug 26 at 12:57PM
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 - Tacoma
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An office building located in Tacoma, Washington, is available for purchase.
Key Highlights
- Office building available for purchase.
- Located in Tacoma, Washington.
- Additional property details available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$285,331
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,706,620
$5.7M
Cap Rate 7%
$4,076,157
$4.1M
Cap Rate 9%
$3,170,344
$3.2M
Market Conditions
NOI Build-Up for 17,613 SF
Gross rent
$475.6K $27.00/SF
− Vacancy
−$95.1K −$5.40/SF
EGI
$380.4K $21.60/SF
− OpEx
−$95.1K −$5.40/SF
NOI
$285.3K $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%
$5,706,620
Cap Rate 7%
$4,076,157
Cap Rate 9%
$3,170,344
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,331 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.41M
$4.74M – $6.32M
NOI $378,961 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building available for purchase in Tacoma, Washington.
Where is this office building located?
The property is located at 5954 N 26th St Tacoma, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Office building available for purchase.; Located in Tacoma, Washington.; Additional property details available.
