Iconic Building with Drive
8801 S Tacoma Way Tacoma, WA 98499
8801 S Tacoma Way, Tacoma, WA, 98499
Contact for pricing
For Sale
Contact for pricing
Standalone building with drive-thru, vault, and ample parking.
Property Size6,284 SF
Price / SF$317.47
Days on Market604
Property Features for 8801 S Tacoma Way
General Information
- Standard status
- Active
- Size
- 6,284 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1970
Listing Agency
Lee & Associates - Tacoma
Listed by
Rachel Corp · License #WA 22025949
Source
Crexi
Added: Nov 20, 2024 Checked: Jul 16 at 4:41 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 Lee & Associates - Tacoma
Investment Insights
Based on property information with market context.
This is a large, iconic standalone building featuring a drive-thru and a large working vault. It includes a tall pylon sign and ample parking, situated on a corner lot of approximately one acre on South Tacoma Way. The rentable square footage is located on the main floor and mezzanine levels. An additional 4,376 square feet of basement storage is included.
Key Highlights
- Standalone building with drive‑thru on a busy corner lot.
- Large working vault included.
- High visibility with a tall pylon sign.
Local 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 | $125.9k | $20.04 |
| − Vacancy | −$5.0k | −$0.80 |
| EGI | $120.9k | $19.24 |
| − OpEx | −$30.2k | −$4.81 |
| NOI | $90.7k | $14.43 |
6,284 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,671 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$1.08M
$945.2K – $1.26M
NOI $75,615 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,207 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Standalone building with drive-thru, vault, and ample parking.
Where is this bank located?
The property is located at 8801 S Tacoma Way Tacoma, WA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Standalone building with drive‑thru on a busy corner lot.; Large working vault included.; High visibility with a tall pylon sign.
