Mixed-Use Retail and Residential
9618 Pacific Ave Tacoma, WA 98444
For Sale
Contact for pricing
Property offers 10 residential units plus a minimart and convenience store with street frontage along Pacific Avenue.
Property Size4,876 SF
Price / SF$348.44
Days on Market195
Property Features for 9618 Pacific Ave
General Information
Standard status
Active
Size
4,876 SF
Property subtype
MULTIFAMILY
Listing Agency:
Engel & Volkers Seattle Downtown
(206) 552-0599
Listed By:
Roberto Laing
(206) 552-0599
Source:
Moodyscre
Added: Jan 16
Changed: Jul 28
Last Checked: Jul 29 at 3:09PM
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 Engel & Volkers Seattle Downtown
Investment Insights
Based on property information with market context.
Located at 9618 Pacific Ave in Tacoma, WA 98444, this mixed-use property combines 10 residential units with street-facing retail comprised of a minimart and convenience store component. The arrangement creates multiple income streams within a single building, with the residential units positioned for leasing activity and stabilization.
The commercial frontage provides street presence along the Pacific Avenue corridor. The property also includes ample on-site parking and benefits from proximity to major arterials, as well as nearby retail and daily services serving the surrounding neighborhood.
For investors and owner-operators, the opportunity centers on managing both the residential and commercial components to support ongoing performance, with upside tied to leasing and management of the units.
The commercial frontage provides street presence along the Pacific Avenue corridor. The property also includes ample on-site parking and benefits from proximity to major arterials, as well as nearby retail and daily services serving the surrounding neighborhood.
For investors and owner-operators, the opportunity centers on managing both the residential and commercial components to support ongoing performance, with upside tied to leasing and management of the units.
Key Highlights
- Mixed‑use property with 10 residential units plus minimart and convenience store with street frontage on Pacific Avenue
- Generates income from both residential leasing and the minimart/convenience store commercial frontage
- Ample on‑site parking provided
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 | $97.7k | $20.04 |
| − Vacancy | −$3.9k | −$0.80 |
| EGI | $93.8k | $19.24 |
| − OpEx | −$23.5k | −$4.81 |
| NOI | $70.4k | $14.43 |
4,876 SF · lease $20.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$879.4K – $1.17M
NOI $70,355 @ 7.0% cap · market cap 4.14%
Second Best
Retail
$838.2K
$733.4K – $977.9K
NOI $58,673 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,912 @ 7.0% cap · market cap 6.17%
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?
Apartment building - Property offers 10 residential units plus a minimart and convenience store with street frontage along Pacific Avenue.
Where is this apartment building located?
The property is located at 9618 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Mixed‑use property with 10 residential units plus minimart and convenience store with street frontage on Pacific Avenue; Generates income from both residential leasing and the minimart/convenience store commercial frontage; Ample on‑site parking provided
