Property summary
This Tacoma, WA industrial property offers a compelling investment opportunity. The 23,500 square foot flex space is situated on a 1.55-acre lot and comprises two single-story buildings constructed in 2001, renovated in 2006. The property features five tenant spaces, each with grade-level access, within a gated and fenced area. The clear-span metal construction boasts 21-foot ceilings. Currently at 68% occupancy with five tenants, the property projects a 6.75% pro-forma capitalization rate… based on a $351,216 pro-forma net operating income (NOI). Leases are NNN with 3%/CPI annual rent bumps. The property benefits from a convenient location near the Interstate 5 and Highway 16 interchange, providing easy access to major transportation arteries and industrial hubs including the Port of Tacoma, Kent Industrial Valley, and the Port of Seattle. The M1 & M2 zoning allows for diverse uses. The property includes 39 parking spaces. The asking price is $5,200,000, translating to $221.28 per square foot. Full occupancy is projected by October 1, 2024. Approximately 7,500 square feet may be available for an owner-user.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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