Commercial-Zoned Lot with Updated
811 60th St Tacoma, WA 98404
For Sale
$475,000
Pending
Updated home on commercial-zoned lot near I-5 and Costco.
Property Size1,138 SF
Days on Market435
Property Features for 811 60th St
General Information
Standard status
Pending
Size
1,138 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
KW COMMERCIAL GSWA MCI LLC
Listed By:
TUYEN HUYNH
Source:
Corcoran
Added: May 22, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:42AM
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 KW COMMERCIAL GSWA MCI LLC
Investment Insights
Based on property information with market context.
This property features a beautifully updated 3-bedroom, 1.5-bath home situated on a C2 commercially zoned lot. The zoning allows for office, retail, restaurant, drive-through, gas station, self-storage, large-scale retail, or personal services, according to the city. The property is located near I-5, Costco, and major retailers. The home includes a remodeled kitchen, fresh paint, new LVP floors, and Quantum Fiber internet. The lot offers two-road access, ample parking, and a large detached garage with a separate utility meter. The property is pre-inspected and suitable for operating a business, investment, or on-site living while growing a business. The property size is 1138 square feet.
Key Highlights
- C2 Commercial Zoning: Allows for a wide range of business uses.
- Prime Location: Close to I‑5, Costco, and major retailers.
- Large Lot with 2‑Road Access: Provides ample parking and development potential.
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 | $30.7k | $27.00 |
| − Vacancy | −$6.1k | −$5.40 |
| EGI | $24.6k | $21.60 |
| − OpEx | −$6.1k | −$5.40 |
| NOI | $18.4k | $16.20 |
1,138 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$263.4K
$230.5K – $307.3K
NOI $18,436 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$195.6K
$171.2K – $228.2K
NOI $13,694 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$349.8K
$306.1K – $408.1K
NOI $24,485 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Updated home on commercial-zoned lot near I-5 and Costco.
Where is this commercial land located?
The property is located at 811 60th St Tacoma, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: C2 Commercial Zoning: Allows for a wide range of business uses.; Prime Location: Close to I‑5, Costco, and major retailers.; Large Lot with 2‑Road Access: Provides ample parking and development potential.
