Three-Unit Office Building with New
820 6th Ave Tacoma, WA 98405
820 6th Ave, Tacoma, WA, 98405
$550,000
For Sale
$550,000
Three-unit office building currently occupied by three long-term tenants; a new 30-year roof has been installed.
Property Size2,924 SF
Price / SF$188.10
Days on Market48
Property Features for 820 6th Ave
General Information
- Standard status
- Active
- Size
- 2,924 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing Agency
KELLER WILLIAMS REALTY TACOMA
Listed by
GREG STOCK
Source
Corcoran
Added: Jun 3 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 3:52 am
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 KELLER WILLIAMS REALTY TACOMA
Investment Insights
Based on property information with market context.
This offering is a three-unit office building with three long-term tenants in place. The property is currently occupied and generates gross annual rent of $49,090 per year. A new 30-year roof has been installed, providing a durable, recently updated building component for continued operations.
The building is located at 820 6th Ave, Tacoma, WA 98405, across the street from Wright Park. Public remarks also describe the surrounding area as a busy business location with many apartment buildings within walking distance, which can support customer traffic for commercial tenants. Per the provided information, the building zoning allows for a 75-foot height restriction.
For prospective buyers or operators, the three-tenant configuration may appeal to those looking for an occupied office asset with established in-place tenancy. The recently installed roof reduces near-term capital concerns tied to roof replacement, and the 75-foot height restriction offers a defined framework for what can be built or developed under the current zoning parameters while keeping the property positioned for long-term use.
The building is located at 820 6th Ave, Tacoma, WA 98405, across the street from Wright Park. Public remarks also describe the surrounding area as a busy business location with many apartment buildings within walking distance, which can support customer traffic for commercial tenants. Per the provided information, the building zoning allows for a 75-foot height restriction.
For prospective buyers or operators, the three-tenant configuration may appeal to those looking for an occupied office asset with established in-place tenancy. The recently installed roof reduces near-term capital concerns tied to roof replacement, and the 75-foot height restriction offers a defined framework for what can be built or developed under the current zoning parameters while keeping the property positioned for long-term use.
Key Highlights
- 3‑unit office building built in 1951, currently occupied by three long‑term tenants
- New 30‑year roof recently installed
- Gross annual rent of $49,090 per year from current tenants
Local 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 | $78.9k | $27.00 |
| − Vacancy | −$15.8k | −$5.40 |
| EGI | $63.2k | $21.60 |
| − OpEx | −$15.8k | −$5.40 |
| NOI | $47.4k | $16.20 |
2,924 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$676.7K
$592.1K – $789.5K
NOI $47,369 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.8K
$786.4K – $1.05M
NOI $62,913 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
South Sound Medical
Medical Clinic
Wright Park Chiropractic ...
Alternative Medicine Practice
REESE DA BARBER ...
Barber Shop
Coin Cloud Bitcoin ...
Atm
Unforgettable Skin & Lash ...
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-unit office building currently occupied by three long-term tenants; a new 30-year roof has been installed.
Where is this office building located?
The property is located at 820 6th Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3‑unit office building built in 1951, currently occupied by three long‑term tenants; New 30‑year roof recently installed; Gross annual rent of $49,090 per year from current tenants
