711 Pacific Ave, Tacoma, WA 98402
Office building with parking in Tacoma, Washington available for sale.
- Added:
- Apr 19, 2023
- Days on Market:
- 1156
- Last Refresh:
- May 11 at 1:54 am
Property Features for 711 Pacific Ave
General Information
- Standard status
- Active
- Size
- 10,343 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1918
Listing agent JOEL SHABEL License #72923
Listing office KIDDER MATHEWS (253) 722-1406
Listing date Apr 19, 2023
Source Corcoran
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
HighLights
- First time on the market as its own parcel.
- Includes 6 parking stalls.
- Ideal for owner‑user.
- Located in the Matador building.
- Combines the first and second floors.
- Building constructed in 1918.
Overview
Local 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 | $279.3k | $27.00 |
| − Vacancy | −$55.9k | −$5.40 |
| EGI | $223.4k | $21.60 |
| − OpEx | −$55.9k | −$5.40 |
| NOI | $167.6k | $16.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.439
- Latitude
- 47.2568
