Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2805 6Th Avenue Ct Tacoma, WA 98406

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2805 6Th Avenue Ct Tacoma, WA 98406

    View on Map
    • Retail properties & Spaces
    • 4,337 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2805 6Th Avenue Ct

    Property size
    4,337 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Tacoma retail property, located at 2805 6th Avenue, offers 4,337 square feet of vacant space, ideal for multiple tenants or a single large occupant. The building is situated in the vibrant 6th Avenue Business District, a bustling area known for its diverse mix of restaurants and businesses, including notable establishments like Asado and the Original Pancake House. The property's strategic location ensures high visibility and foot traffic, benefiting from the district's lively atmosphere and numerous annual events such as Art on the Ave and the Santa Parade. The space is divisible, with a minimum leasable area of 1,676 square feet and a maximum contiguous space of 2,661 square feet, offering flexibility for various business needs. Conveniently located in Pierce County, Washington, with a 98406 zip code, the property includes nine parking spaces for customer and employee use. This presents a unique opportunity to establish a thriving business in a high-demand location within Tacoma's thriving 6th Avenue district. The property's prime location and ample space make it an attractive investment for both established businesses and new ventures seeking a prominent presence in a dynamic commercial area. The building's proximity to other successful businesses ensures a strong customer base and a vibrant community atmosphere. This is a rare opportunity to secure a highly visible and well-located retail or restaurant space in the heart of Tacoma's 6th Avenue district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.473
    Latitude
    47.2557

    Comparable in this City

    • Value Estimation by Request
      10,441 SF

      2303-2502 Pearl St

      Lifestyle centers • 10,441 SF
      2303-2502 Pearl St, Tacoma, WA 98406
      View Details
    • Value Estimation by Request
      3,700 SF

      3519 6Th Ave

      Retail properties & Spaces • 3,700 SF
      3519 6Th Ave, Tacoma, WA 98406
      View Details
    • Value Estimation by Request
      6,720 SF

      2207 Pearl St

      Retail properties & Spaces • 6,720 SF
      2207 Pearl St, Tacoma, WA 98406
      View Details
    • Value Estimation by Request
      1,830 SF

      2514 Proctor St

      RESTAURANT • 1,830 SF
      2514 Proctor St, Tacoma, WA 98406-5338
      View Details
    • Value Estimation by Request
      1,084 SF

      3201 6th Ave

      RESTAURANT • 1,084 SF
      3201 6th Ave, Tacoma, WA 98406-5901
      View Details
    • Value Estimation
      $2,050,000
      7,640 SF

      2717 6th Ave

      RESTAURANT • 7,640 SF
      2717 6th Ave, Tacoma, WA 98406-7212
      View Details

    Similar Nearby for Sale

    • $1,650,000
      5,736 SF

      Restaurant Building with Highway Access

      Restaurant building with real estate included, located near major businesses.
      6501 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      12,542 SF

      Retail Property in Tacoma

      Retail property available for sale in Tacoma, Washington.
      3601 6Th Ave, Tacoma, WA 98406
      View Details
    • $1,950,000

      Tacoma Mixed-Use Investment Opportunity

      Mixed-use building on 6th Avenue with high pedestrian traffic.
      3010 6Th Avenue Ct, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Remodeled Building in 6th Ave

      Remodeled building in Tacoma's 6th Ave Business District.
      3219 6Th Avenue Ct, Tacoma, WA 98406
      View Details
    • $1,350,000
      3,500 SF

      Renovated Retail Tap House

      Renovated tap house on Tacoma’s vibrant 6th Avenue.
      4328 6Th Ave, Tacoma, WA 98406
      View Details
    • $639,500
      711 SF

      Remodeled Building in Tacoma Business District

      Remodeled 711 SF building in Tacoma's 6th Ave District.
      3219 6Th Ave, Tacoma, WA 98406
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr

      Restaurant/Bar Space in Tacoma

      Fully equipped restaurant/bar in Tacoma's North End for lease.
      2207 North Pearl St, Tacoma, WA 98406
      View Details
    • $7,360 /Mo
      3,397 SF

      Restaurant/Bar Space in Tacoma

      Equipped restaurant/bar with full kitchen and high visibility.
      2207 Pearl St, Tacoma, WA 98406
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Space in Tacoma

      5,000 SF space suitable for office or retail use.
      2407-2411 6Th Ave, Tacoma, WA 98406
      View Details
    • $3,617 /Mo
      1,400 SF

      Retail Space in Proctor District

      Retail spaces available in Tacoma's vibrant Proctor District.
      2315 Pearl St, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space on 6th Avenue

      Retail space for rent in a great location.
      3701 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,364 SF

      Prime Retail Space on 6th

      High-visibility retail space in active Tacoma commercial corridor.
      3602 6Th Ave, Tacoma, WA 98406
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2805 6Th Avenue Ct
    Tacoma, WA 98406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!