Retail Space with High
936 Pacific Ave Tacoma, WA 98402
For Sale
Contact for pricing
Retail space with 22–24 foot clear-height ceilings and full sprinkler coverage, ready for immediate occupancy.
Property Size6,800 SF
Price / SF$147.06
Days on Market1030
Property Features for 936 Pacific Ave
General Information
Standard status
Active
Size
6,800 SF
Property subtype
RETAIL
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
Harrison Laird
(253) 238-0044
Source:
Moodyscre
Added: Oct 5, 2023
Changed: Jul 26
Last Checked: Jul 29 at 1:57PM
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
Investment Insights
Based on property information with market context.
This retail space is clean, clear, and ready for move-in. It features 22–24 foot clear-height ceilings and is fully sprinklered, supporting high-occupancy use.
Located at 936 Pacific Ave in Tacoma, it offers convenient access to I-705. The space sits near the 50 Yard line of Downtown Tacoma and is surrounded by businesses and parking. It is next to the Commerce Building and located in the North Parking Garage.
Located at 936 Pacific Ave in Tacoma, it offers convenient access to I-705. The space sits near the 50 Yard line of Downtown Tacoma and is surrounded by businesses and parking. It is next to the Commerce Building and located in the North Parking Garage.
Key Highlights
- Retail space with 22–24 ft clear‑height ceilings
- Fully sprinklered for high occupancy
- Ready for immediate occupancy
Financial Insights For 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 | $122.4k | $18.00 |
| − Vacancy | −$5.5k | −$0.81 |
| EGI | $116.9k | $17.19 |
| − OpEx | −$35.1k | −$5.16 |
| NOI | $81.8k | $12.03 |
6,800 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,824 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,309 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with 22–24 foot clear-height ceilings and full sprinkler coverage, ready for immediate occupancy.
Where is this retail space located?
The property is located at 936 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Retail space with 22–24 ft clear‑height ceilings; Fully sprinklered for high occupancy; Ready for immediate occupancy
