8008 27th St W, University Place, WA 98466
Prime corner lot with mixed-use potential in University Place.
- Added:
- Nov 1, 2024
- Days on Market:
- 586
- Last Refresh:
- May 10 at 11:32 pm
Property Features for 8008 27th St W
General Information
- Standard status
- Active
- Size
- 4,740 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agent BRIAN SEUNG SHIN
Listing office TS PROPERTY MANAGEMENT, INC.
Listing date Nov 1, 2024
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 TS PROPERTY MANAGEMENT, INC.
HighLights
- Prime corner lot in University Place with excellent visibility.
- Mixed‑use property combining commercial and residential spaces.
- Diverse income opportunities.
- Located in a vibrant, high‑traffic area.
- Easy accessibility.
- Year Built: 1925.
Overview
Local Financial Insights For Mixed Use
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 | $102.4k | $21.60 |
| − Vacancy | −$12.3k | −$2.59 |
| EGI | $90.1k | $19.01 |
| − OpEx | −$33.8k | −$7.13 |
| NOI | $56.3k | $11.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- University Place
- County
- Pierce
- State
- Washington
- Longitude
- -122.554
- Latitude
- 47.2345
