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Property profile & analytics
OFF-MARKET Estimated value $655,000
Office Spaces

2040 6th Ave Tacoma, WA 98403-1045

1,828 SF 0.12 ac lot Built 1900
Individually Owned ~ Est. High Equity
Property ID
US90-3100143
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Smith Chiropractic Center: Dr. Randy Smith Alternative Medicine Practice
  • Henderson Chiropractic Clinic Alternative Medicine Practice
  • GRIT CITY SOLAR CO Solar Energy Company
  • Linda Jollo, Psychic Readings Alternative Medicine Practice Spa & Massage Center
  • Tacoma Accident & Injury Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$528k
Blend (final) Blend
$655k
Owner & transaction history
Robert M Kinney
Robert M Kinney
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $775,000 +37.6%
Auto repair, garage $675,000 +19.8%
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