Mixed-Use Retail and Multifamily
8201 Tacoma Way, Tacoma, WA 98499
For Sale
$1,550,000
Pending
Mixed-use property featuring retail spaces and multifamily units.
Property Size6,936 SF
Days on Market939
Property Features for 8201 Tacoma Way
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
NWC - KV LLC
Listed By:
DERRICK URQUHART
(253) 779-2403
Source:
Corcoran
Added: Apr 16, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:03PM
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 NWC - KV LLC
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Investment Insights
Based on property information with market context.
This mixed-use property features a building with a size of 6,936 square feet, situated on a 15,000-square-foot lot. The property includes a convenience store, a massage business, and four apartment units located upstairs. An adjacent 15,000-square-foot gravel lot is also available, suitable for development or additional parking.
Key Highlights
- Mixed‑use property featuring both retail and multifamily units.
- Includes a convenience store, massage business, and four apartment units.
- Building size of 6,936 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,078
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,560
$2.0M
Cap Rate 7%
$1,429,686
$1.4M
Cap Rate 9%
$1,111,978
$1.1M
Market Conditions
NOI Build-Up for 6,936 SF
Gross rent
$139.0K $20.04/SF
− Vacancy
−$5.6K −$0.80/SF
EGI
$133.4K $19.24/SF
− OpEx
−$33.4K −$4.81/SF
NOI
$100.1K $14.43/SF
Area
Tacoma, WA
Vacancy
4.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,560
Cap Rate 7%
$1,429,686
Cap Rate 9%
$1,111,978
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,078 @ 7.0% cap · market cap 6.46%
Second Best
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,717 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,235 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 98499, WA
33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Tacoma, WA
Properties on Market for Mixed-use properties in Tacoma
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring retail spaces and multifamily units.
Where is this mixed-use property located?
The property is located at 8201 Tacoma Way Tacoma, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Mixed‑use property featuring both retail and multifamily units.; Includes a convenience store, massage business, and four apartment units.; Building size of 6,936 SF.
