Move-In Ready Office
For Sale
Contact for pricing
705 S 9th St, Tacoma, WA 98405
Office suite featuring five private offices and an open-air atrium in a renovated 1954 building.
Property Size1,160 SF
Price / SF$185.34
Days on Market684
Property Features for 705 S 9th St
General Information
Standard status
Active
Size
1,160 SF
Property subtype
OFFICE
Additional Details
Asking Price
$215,000
Amenities
open-air atrium
Building Details
Year Built
1954
Year Renovated
2000
Listing Agency:
NWC - KV LLC
(253) 576-1765
Listed By:
Samuel Highsmith
Source:
Moodyscre
Added: Sep 16, 2024
Changed: Jul 29
Last Checked: Jul 30 at 8:27AM
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
Investment Insights
Based on property information with market context.
Suite 201 is an office suite in a well-maintained, move-in ready building originally built in 1954 and renovated in 2000. The suite provides five private offices designed for focused work, along with an open-air atrium that creates a bright, central communal space.
The property is conveniently close to downtown for city access. Parking options are described as convenient for both staff and visitors.
This configuration offers a practical mix of private office space and a shared atrium area within the suite for day-to-day workflow.
The property is conveniently close to downtown for city access. Parking options are described as convenient for both staff and visitors.
This configuration offers a practical mix of private office space and a shared atrium area within the suite for day-to-day workflow.
Key Highlights
- Office suite 201 with 1,160 SF available
- Renovated 1954 building; year built 1954 with renovations completed in 2000
- Suite includes five private offices for workspace and privacy
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 | $31.3k | $27.00 |
| − Vacancy | −$6.3k | −$5.40 |
| EGI | $25.1k | $21.60 |
| − OpEx | −$6.3k | −$5.40 |
| NOI | $18.8k | $16.20 |
1,160 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 98405, WA
24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite featuring five private offices and an open-air atrium in a renovated 1954 building.
Where is this office units located?
The property is located at 705 S 9th St Tacoma, WA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Office suite 201 with 1,160 SF available; Renovated 1954 building; year built 1954 with renovations completed in 2000; Suite includes five private offices for workspace and privacy
