Three-Unit Office
820-820 S 6th Ave Tacoma, WA 98405
820-820 S 6th Ave, Tacoma, WA, 98405
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For Sale
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Well-maintained three-unit office building with a newly installed 30-year roof and long-term occupancy in Tacoma.
Property Size2,924 SF
Price / SF$188.10
Days on Market49
Property Features for 820-820 S 6th Ave
General Information
- Standard status
- Active
- Size
- 2,924 SF
- Property subtype
- OFFICE
Listing Agency
Keller Williams Realty Tacoma
(253) 948-2944
Listed by
Greg Stock
(253) 948-2944
Source
Moodyscre
Added: Jun 2 Checked: Jul 20 at 3:56 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 three-unit office building is offered for sale as a maintained, income-producing property with three long-term tenants. The building features a newly installed 30-year roof, providing a clear near-term capital improvement for an owner. Each suite supports separate office use within the same overall structure.
The property is located at 820 S 6th Ave and sits across the street from Wright Park. The surrounding area includes many apartment buildings within walking distance, supporting a steady base of nearby customers and business activity.
For buyers seeking an owner-occupied or investment-oriented office asset, the current setup offers immediate tenant occupancy across three units. The building’s zoning includes a 75-foot height restriction, which may be relevant for future development planning and long-term ownership strategies. All details should be verified through due diligence, including the tenant lease terms and operating income.
The property is located at 820 S 6th Ave and sits across the street from Wright Park. The surrounding area includes many apartment buildings within walking distance, supporting a steady base of nearby customers and business activity.
For buyers seeking an owner-occupied or investment-oriented office asset, the current setup offers immediate tenant occupancy across three units. The building’s zoning includes a 75-foot height restriction, which may be relevant for future development planning and long-term ownership strategies. All details should be verified through due diligence, including the tenant lease terms and operating income.
Key Highlights
- Three‑unit office building in Tacoma, across the street from Wright Park.
- New 30‑year roof just installed.
- Fully occupied by 3 long‑term tenants with $49,090 gross annual rent.
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
Office Units
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FAQs
What type of property is this?
Office units - Well-maintained three-unit office building with a newly installed 30-year roof and long-term occupancy in Tacoma.
Where is this office units located?
The property is located at 820-820 S 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: Three‑unit office building in Tacoma, across the street from Wright Park.; New 30‑year roof just installed.; Fully occupied by 3 long‑term tenants with $49,090 gross annual rent.
