Technical
Financial
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Property profile

2040 6th Ave Tacoma, WA 98403

OFF-MARKET
Office Spaces
Property ID
US90-3100143
1,828 SF 0.12 ac lot Built 1900
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This Tacoma, WA commercial property, located at 2040 6th Avenue, 98405, presents a unique live/work opportunity. The two-story, 2,686 square foot building, constructed in 1900 and renovated in 1995, sits on a 0.12-acre lot in Pierce County. Currently configured as a single-tenant space, it features 1,828 square feet of street-level office space, an 858 square foot upper-level apartment, and an unfinished basement suitable for storage. The building is ideally suited for a variety of professional office or retail uses, offering a convenient live/work component. Parking is available along 6th Avenue and in a fenced rear lot. The property enjoys a prime location in Tacoma's 6th Avenue Business District, providing easy freeway access. The asking sales price is $790,000, and the asking lease rate is $25 per square foot, modified gross. This building represents a compelling investment opportunity in a thriving urban area. The property's traditional office subtype and central location make it an attractive option for businesses seeking a blend of workspace and residential living.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1900
Construction WOOD FRAME
Total area 1,828 SF
Lot 0.12 ac (5,330 SF)
Zoning code NCX
APN 320061038
UPID US90-3100143

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Solar Energy Company
  • Alternative Medicine Practice Spa & Massage Center
  • Alternative Medicine Practice

Location

2040 6th Ave Tacoma, WA 98403-1045
Tacoma metro Census 61300 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$528k
Blend (final) Blend
$705k

Owner & transaction history

since 2025
Last sale
$660,000
7 recorded transactions
2025
$660,000
2023
$670,000
2008
$4.6M
2005
$220,000
1993
$90,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NCX · Tacoma, WA
Zoning description

NCX: Neighborhood Commercial Mixed-Use District The NCX District provides areas with day-to-day convenience shopping and services at a level that is compatible with the surrounding neighborhood. The distric t is intended…

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $775,000 +37.6%
Auto repair, garage $675,000 +19.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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