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    Move-In Ready Warehouse Near Downtown Title is generated by Realmo AI

    936 Pacific Ave, Tacoma, WA 98402

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    Claim this Listing
    For Sale
    $1,450,000

    Warehouse with high ceilings and convenient access to I-705.

    Type:Commercial
    Property size:
    6,800 SF
    Price / SF:
    $213/SF
    Added:
    Oct 23, 2023
    Days on Market:
    969
    Last Refresh:
    May 10 at 11:26 pm

    Property Features for 936 Pacific Ave

    General Information

    Standard status
    Active
    Size
    6,800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    JOHN BAUDER, CCIM
    JOHN BAUDER, CCIM

    Listing agent JOHN BAUDER, CCIM

    Listing office LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES

    Listing date Oct 23, 2023

    Source Corcoran

    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 COMMERCIAL REAL ESTATE SERVICES

    HighLights

    • Prime Downtown Tacoma location near I‑705, businesses, and parking.
    • High ceilings (22‑24 foot clear height).
    • New restrooms, water line, and sewer line.
    • Fully sprinklered for high occupancy.
    • Located next to the Commerce Building and in the North Parking Garage.
    • Ready for immediate move‑in.

    Overview

    This warehouse property offers 6,800 square feet of space, ready for immediate occupancy. It features 22-24 foot clear height ceilings and is fully sprinklered for high occupancy. The property includes new restrooms, a new water line, and a new sewer line. Situated near downtown Tacoma, it provides convenient access to I-705 and is surrounded by businesses and parking. The location is next to the Commerce Building and within the North Parking Garage.

    Local Financial Insights For Warehouse

    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 $113.4k $16.68
    − Vacancy −$9.4k −$1.38
    EGI $104.0k $15.30
    − OpEx −$15.6k −$2.29
    NOI $88.4k $13.00
    6,800 SF · lease $16.68/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.26M
    $1.11M – $1.47M (±1% cap)
    NOI $88,408 @ 7.0% cap · market cap 6.10%
    Second Best
    Industrial
    $1.04M
    $910.1K – $1.21M (±1% cap)
    NOI $72,807 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Office A
    $2.09M
    $1.83M – $2.44M (±1% cap)
    NOI $146,309 @ 7.0% cap · market cap 10.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • APEX Moving & Storage — 1201 Pacific Ave 6th Floor, Unit 631, Tacoma, WA 98402
    • Western Mini Storage — 402 st helens ave, tacoma, wa 98402
    • Near2Me Storage Units — 1114 broadway, tacoma, wa 98402
    • Near2Me Self Storage Units — 1006 S 13th St, Tacoma, WA 98405
    • Innerspace Storage — 601 St Helens Ave, Tacoma, WA 98402

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.439
    Latitude
    47.2541

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with high ceilings and convenient access to I-705.
    Where is this warehouse located?
    The property is located at 936 Pacific Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Prime Downtown Tacoma location near I‑705, businesses, and parking.; High ceilings (22‑24 foot clear height).; New restrooms, water line, and sewer line.
    (253) 238-0043
    We can help!
    Listing Contact
    JOHN BAUDER, CCIM
    JOHN BAUDER, CCIM
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