Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4704 Oakes St Tacoma, WA 98409

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Tacoma retail space, prime location.

    Lot size:
    11,866 SF

    Property Features for 4704 Oakes St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,866 SF
    Total Rate
    14832.5

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 4704 Oakes St, Tacoma, WA 98409 Contact us
    Unit Retail Space, Former Dental Space

    $15 /Mo

    Size
    2,060 SF
    Contact us

    We can help!

    Listing Contact
    Andrea Anderson
    Andrea Anderson

    Listing Agency: Johnson Commercial - Lakewood Listing Agent: Andrea Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 11,866 square foot single-story retail and medical office building, situated on 1.08 acres at 4704 S Oakes St, Tacoma, WA 98409, presents a unique investment opportunity. Built in 1988, the property boasts six suites, with 2,060 square feet currently vacant. The vacant space, previously a dental office, offers significant potential for redevelopment and customization to suit a variety of retail uses. The building is zoned UCX and benefits from ample parking with 40 spaces available for tenants and customers. Its location in the desirable Tacoma Mall District, directly across from the Tacoma Mall, ensures high visibility and accessibility, attracting a substantial customer base. The property's single-story design and convenient layout enhance functionality and accessibility. This is an ideal opportunity for businesses seeking a well-established location with high foot traffic and strong potential for growth. The property's APN is 032018-4-019. Don't miss this chance to secure a prime retail space in a thriving Tacoma location. The available space is 2,060 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Cinema Tacoma Shawarma Restaurant Sean's Anime & Other ... Department Store Circle K Grocery & Convenience Store Dr. Yuriy Bagdasarov Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.47265424035
    Latitude
    47.214066410367

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Downtown Pacific Avenue

      Workspaces, services and support to help you work better in Miami Airport
      1201 Pacific Ave, Tacoma, WA 98402
      View Details
    • $30 SF/Yr
      1,946 SF

      Tacoma CBD Office Space Available

      Office space in Tacoma CBD with updated amenities and parking.
      950 Pacific Ave, Tacoma, WA 98402
      View Details
    • $23 SF/Yr
      12,000 SF

      Downtown Tacoma Building with Parking

      12,005 SF building available for lease in downtown Tacoma.
      2111 Pacific Ave, Tacoma, WA 98402
      View Details
    • $24 SF/Yr
      5,636 SF

      Pacific Avenue Retail Space Available

      Retail space available in the Annex Building on Pacific Avenue.
      1411-1423 Pacific Ave, Tacoma, WA 98402
      View Details
    • $3,900 /Mo
      29,238 SF

      Multi-Story Office Building For Rent

      Well-maintained office building in a desirable, walkable location.
      1142 Broadway, Tacoma, WA 98402
      View Details
    • $21 SF/Yr
      4,072 SF

      Class A Office Space Available

      4,072 SF Class A office space near Tacoma Mall.
      6050 Tacoma Mall Blvd, Tacoma, WA 98409
      View Details
    • $26 SF/Yr
      2,308 SF

      Modern Office Space in Tacoma

      High-end office space with excellent access and modern amenities.
      1132-1148 Broadway, Tacoma, WA 98402
      View Details
    • $16 SF/Yr
      1,604 SF

      Downtown Tacoma Retail/Office Space

      Retail or office space in downtown Tacoma near light rail.
      913-919 Pacific Ave S, Tacoma, WA 98402
      View Details
    • $28 SF/Yr
      676 SF

      Downtown Tacoma Office Space Available

      Office space for lease in downtown Tacoma Rhodes Center.
      950 Broadway, Tacoma, WA 98402
      View Details
    • $22 SF/Yr
      2,500 SF

      Downtown Tacoma Mixed-Use Retail Space

      Retail space in mixed-use project with waterfront views.
      1705 Dock St, Tacoma, WA 98402
      View Details
    • $15 SF/Yr
      5,180 SF

      Downtown Tacoma Office Space

      Modern office spaces in prime downtown location with city views.
      1140-1160 Broadway, Tacoma, WA 98402
      View Details
    • $24 SF/Yr
      2,747 SF

      Office Space with Puget Sound Views

      Office suites available near downtown Tacoma with secured parking.
      1 Tacoma Ave N, Tacoma, WA 98403
      View Details

    FAQs

    What type of property is this?
    Medical office - Tacoma retail space, prime location.
    Where is this medical office located?
    The property is located at 4704 Oakes St Tacoma, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 11,866 SF single-story retail/medical building on 1.08 acres in the Tacoma Mall District.; 2,060 SF of vacant space, previously a dental office, available for lease.; High visibility location directly across from Tacoma Mall, offering excellent accessibility and high foot traffic.
    (253) 444-7801 Call to check price and availability
    Request Owner's contact information
    4704 Oakes St Tacoma, WA 98409
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4704 Oakes St
    Tacoma, WA 98409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4704 Oakes St Tacoma, WA 98409
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrea Anderson
    Andrea Anderson
    Real Estate License ID: 21028742
    (253) 444-7801 (253) 589-9999
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!