Freestanding Restaurant
For Sale
$1,650,000
9002 Pacific Avenue, Tacoma, WA 98444
Flexible commercial layout includes banquet space, a commercial kitchen, dining areas, offices, and storage.
Property Size6,849 SF
Lot Size0.97 Acres
Price / SF$240.91
Days on Market49
Property Features for 9002 Pacific Avenue
General Information
Standard status
Active
Size
6,849 SF
Total Parking Spaces
90
Lot size
0.97 Acres
Property subtype
Commercial
Zoning
Business, Commercial, Office, Retail
Additional Details
Equipment Included
No
Building Details
Year Built
1974
Buildings
1
Listing Agency:
John L. Scott Dupont
(253) 964-7700
Listed By:
Sol Lemus
(253) 964-7700
Source:
Multifamilyspecialist
Added: Jun 18
Changed: Aug 5
Last Checked: Aug 5 at 2:04PM
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 John L. Scott Dupont
Investment Insights
Based on property information with market context.
Built in 1974, this freestanding conventional restaurant property contains 6,849 SF on a 42,075 SF, or 0.97-acre, corner parcel. The building includes a large banquet and event room, commercial kitchen, dining areas, office space, and storage. The layout may accommodate restaurant, banquet, event, community, entertainment, retail showroom, medical, or professional office uses, subject to verification with the City of Tacoma.
The property fronts Pacific Avenue and provides approximately 90 parking spaces. Zoning is identified as Business, Commercial, Office, and Retail. The sale includes the real estate only; information regarding the current restaurant operation and any additional opportunities is available from the listing agent.
The property fronts Pacific Avenue and provides approximately 90 parking spaces. Zoning is identified as Business, Commercial, Office, and Retail. The sale includes the real estate only; information regarding the current restaurant operation and any additional opportunities is available from the listing agent.
Key Highlights
- 6,849 SF freestanding restaurant building constructed in 1974
- 42,075 SF (0.97‑acre) corner lot on Pacific Avenue
- Approximately 90 parking spaces
Financial Insights For Specialty Retail
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 | $137.3k | $20.04 |
| − Vacancy | −$5.5k | −$0.80 |
| EGI | $131.8k | $19.24 |
| − OpEx | −$32.9k | −$4.81 |
| NOI | $98.8k | $14.43 |
6,849 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,823 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,363 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
65k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Dining 22%
Shops & Services 16%
Electronics 2%
Safeway
Groceries
39,170 visits/mo
0.5 miles
Jack in the Box
Dining
11,793 visits/mo
0.4 miles
Wells Fargo
Shops & Services
5,971 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,239 visits/mo
0.4 miles
Pizza Hut
Dining
2,505 visits/mo
0.2 miles
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible commercial layout includes banquet space, a commercial kitchen, dining areas, offices, and storage.
Where is this conventional restaurant located?
The property is located at 9002 Pacific Avenue Tacoma, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,849 SF freestanding restaurant building constructed in 1974; 42,075 SF (0.97‑acre) corner lot on Pacific Avenue; Approximately 90 parking spaces
