Commercial-Zoned Lot with Updated
For Sale
$475,000
Pending
811 60th St, Tacoma, WA 98404
Updated home on commercial-zoned lot near I-5 and Costco.
Property Size1,138 SF
Days on Market526
Property Features for 811 60th St
General Information
Standard status
Pending
Size
1,138 SF
Property subtype
Commercial
Site & Location
Neighborhood
Eastside
Building Details
Year Built
1950
Listing Agency:
KW COMMERCIAL GSWA MCI LLC
Listed By:
TUYEN HUYNH
Source:
Corcoran
Added: May 22, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:14AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$18,436
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,720
$368.7K
Cap Rate 7%
$263,371
$263.4K
Cap Rate 9%
$204,844
$204.8K
Market Conditions
NOI Build-Up for 1,138 SF
Gross rent
$30.7K $27.00/SF
− Vacancy
−$6.1K −$5.40/SF
EGI
$24.6K $21.60/SF
− OpEx
−$6.1K −$5.40/SF
NOI
$18.4K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,720
Cap Rate 7%
$263,371
Cap Rate 9%
$204,844
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 98404, WA
35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
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 Office in West region
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.
