Remodeled Office and Warehouse
8111 Pacific Highway E Tacoma, WA 98422
For Sale
$1,450,000
Remodeled office, shop, and yard near Highway 167 extension.
Property Size3,920 SF
Price / SF$369.90
Days on Market129
Property Features for 8111 Pacific Highway E
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Commercial
Building Details
Year Built
1932
Listing Agency:
KIDDER MATHEWS
Listed By:
CORY NABER
Source:
Corcoran
Added: Mar 24
Changed: Jul 10
Last Checked: Jul 29 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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This property features 3,920 square feet of office space across two remodeled buildings, each equipped with two restrooms, a conference room, and private offices. Additionally, there is a 1,120 square foot shop/parts warehouse located at the rear of the property. The site offers ample parking for vehicles and includes a yard area. Situated close to the new Highway 167 extension into the Port of Tacoma, the property provides convenient access to both I-5 and Highway 167. Zoned "Business," the property allows for various uses, including professional offices, child care facilities, fueling stations, outdoor sales, drive-through establishments, and food and drink establishments. The location benefits from good traffic count and visibility on Pacific Highway.
Key Highlights
- Excellent location with great access to I‑5 and Hwy 167, near the Hwy 167 extension into the Port of Tacoma.
- Zoned "Business" allowing for a wide range of uses including professional office, child care, fueling station, and food/drink establishments.
- 3,920 SF of remodeled office space in two buildings, each with restrooms, conference room, and private offices.
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 | $105.8k | $27.00 |
| − Vacancy | −$21.2k | −$5.40 |
| EGI | $84.7k | $21.60 |
| − OpEx | −$21.2k | −$5.40 |
| NOI | $63.5k | $16.20 |
3,920 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 4.38%
Second Best
Flex RnD
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,343 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- The Frying Dutchman Commercial Kitchen — 1203 Porter Wy, Milton, WA 98354
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled office, shop, and yard near Highway 167 extension.
Where is this flex space located?
The property is located at 8111 Pacific Highway E Tacoma, WA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Excellent location with great access to I‑5 and Hwy 167, near the Hwy 167 extension into the Port of Tacoma.; Zoned "Business" allowing for a wide range of uses including professional office, child care, fueling station, and food/drink establishments.; **3,920 SF of remodeled office space** in two buildings, each with restrooms, conference room, and private offices.
