Tacoma Industrial Property with
816 99th Street E Tacoma, WA 98445
For Sale
$2,100,000
Industrial property with secure yard and renovated office space.
Property Size4,128 SF
Lot Size1.38 Acres
Price / SF$508.72
Days on Market190
Property Features for 816 99th Street E
General Information
Standard status
Active
Size
4,128 SF
Lot size
1.38 Acres
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
COLDWELL BANKER COMMERCIAL DANFORTH
(206) 212-2216
Listed By:
BOB FREDRICKSON, CCIM · License #8077
Source:
Corcoran
Added: Jan 21
Changed: Jul 6
Last Checked: Jul 29 at 9:20AM
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 COLDWELL BANKER COMMERCIAL DANFORTH
Investment Insights
Based on property information with market context.
This industrial property is located in the Tacoma/Midland area, offering access to Highway 512 and regional freeways. The 1.38-acre site includes a 4,128 square foot building and approximately one acre of secure, fenced yard. The building features a mix of office and shop/warehouse space, including 2,304 square feet of renovated offices on two levels and 1,824 square feet of warehouse space with a grade-level door. The first floor includes a reception/waiting area, three private offices, a large copier/workroom, storage closets, and warehouse space with a restroom. The second floor features a conference room, three additional offices, a kitchenette, and two restrooms. It is suitable for owner-users or contractor operations requiring outdoor storage.
Key Highlights
- Prime industrial location in Tacoma/Midland with excellent access to Highway 512 and regional freeways.
- Large, secure, fenced yard (approximately one acre) ideal for outdoor storage or contractor operations.
- Functional building with renovated office space (2,304 SF) and warehouse space (1,824 SF).
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 | $111.5k | $27.00 |
| − Vacancy | −$22.3k | −$5.40 |
| EGI | $89.2k | $21.60 |
| − OpEx | −$22.3k | −$5.40 |
| NOI | $66.9k | $16.20 |
4,128 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 3.18%
Second Best
Warehouse
$766.7K
$670.9K – $894.5K
NOI $53,669 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,818 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Mudd Track Treats — Aqueduct Dr E, Tacoma, WA 98445
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with secure yard and renovated office space.
Where is this flex space located?
The property is located at 816 99th Street E Tacoma, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime industrial location in Tacoma/Midland with excellent access to Highway 512 and regional freeways.; Large, secure, fenced yard (approximately one acre) ideal for outdoor storage or contractor operations.; Functional building with renovated office space (2,304 SF) and warehouse space (1,824 SF).
