Multi-Tenant Shopping
For Sale
$1,860,000
6401 Tacoma, Tacoma, WA 98409
C2-zoned commercial property with rear parking, prominent signage, and flexible address configuration.
Property Size4,969 SF
Lot Size0.27 Acres
Price / SF$374.32
Days on Market237
Property Features for 6401 Tacoma
General Information
Standard status
Active
Size
4,969 SF
Lot size
0.27 Acres
Property subtype
Commercial
Zoning
C2
Building Details
Year Built
1949
Buildings
1
Tenancy
Multi
Listing Agency:
Skyline Properties,Inc.
Listed By:
Carolyn Zheng
(206) 331-9971
Source:
Skylineproperties
Added: Feb 20
Changed: Oct 15
Last Checked: Oct 14 at 11:41PM
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 Skyline Properties,Inc.
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Investment Insights
Based on property information with market context.
This 4,969-square-foot commercial property was built in 1949 and is arranged as a three-unit retail building. The current configuration includes an established tavern, a leased smoke shop, and a vacant area that can potentially be divided into two additional storefronts. A prominent existing signage structure supports tenant identification and branding, while rear parking serves the site.
Positioned on South Tacoma Way within Tacoma’s established Auto Row and commercial corridor, the property offers access to a broad range of retail, service, food, and office uses under C2 General Commercial zoning. Four separate address points add flexibility for future tenant configurations or owner-user occupancy. The combination of existing tenancy, available space, and adaptable layout supports both continued multi-tenant operation and potential reconfiguration.
Positioned on South Tacoma Way within Tacoma’s established Auto Row and commercial corridor, the property offers access to a broad range of retail, service, food, and office uses under C2 General Commercial zoning. Four separate address points add flexibility for future tenant configurations or owner-user occupancy. The combination of existing tenancy, available space, and adaptable layout supports both continued multi-tenant operation and potential reconfiguration.
Key Highlights
- 4,969‑square‑foot building on a 0.27‑acre lot
- Three units: established tavern, leased smoke shop, and vacant space
- Vacant area may be divided into two additional storefronts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,697
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,433,940
$1.4M
Cap Rate 7%
$1,024,243
$1.0M
Cap Rate 9%
$796,633
$796.6K
Market Conditions
NOI Build-Up for 4,969 SF
Gross rent
$99.6K $20.04/SF
− Vacancy
−$4.0K −$0.80/SF
EGI
$95.6K $19.24/SF
− OpEx
−$23.9K −$4.81/SF
NOI
$71.7K $14.43/SF
Area
Tacoma, WA
Vacancy
4.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,433,940
Cap Rate 7%
$1,024,243
Cap Rate 9%
$796,633
Alternative Uses
Best Use
Specialty Retail
$1.02M
$896.2K – $1.19M
NOI $71,697 @ 7.0% cap · market cap 3.85%
Second Best
Retail
$854.2K
$747.4K – $996.5K
NOI $59,792 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,913 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Shell
Shops & Services
5,356 visits/mo
0.2 miles
U.S. Bank
Shops & Services
4,955 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,239 visits/mo
0.5 miles
AutoZone
Shops & Services
3,693 visits/mo
0.5 miles
SUBWAY
Dining
2,353 visits/mo
0.3 miles
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - C2-zoned commercial property with rear parking, prominent signage, and flexible address configuration.
Where is this shopping center located?
The property is located at 6401 Tacoma Tacoma, WA.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: 4,969‑square‑foot building on a 0.27‑acre lot; Three units: established tavern, leased smoke shop, and vacant space; Vacant area may be divided into two additional storefronts
