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    FOR LEASE
    Strip malls

    3630 S Cedar St, Tacoma, WA 98409

    19,200 SF 1.22 ac lot Built 1983
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US90-1335570
    Property summary
    AI-generated overview

    Cedar Plaza, located at 3630-3680 S Cedar Street in Tacoma, WA 98409, offers a diverse range of commercial spaces ideal for various business needs. This three-building complex totals 73,984 square feet and features a variety of office configurations, including traditional, executive, medical, creative, and flex spaces. Additionally, warehouse and distribution space is available, making it a truly versatile property. The property is situated in Pierce County and offers convenient access to major transportation arteries, including I-5 and Highway 16, ensuring easy commutes for employees and clients. Ample free parking is provided for tenants and visitors. Individual spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 6,300 square feet, with a total of 19,120 square feet currently vacant. The property's location offers proximity to Tacoma Mall and other established retailers and restaurants, providing a vibrant and convenient business environment. The single-story buildings offer efficient layouts and easy accessibility. This property is perfect for businesses seeking flexible and adaptable space in a prime Tacoma location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1983
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 19,200 SF
    Lot 1.22 ac (53,100 SF)
    Zoning code UCX
    APN 9710000783
    UPID US90-1335570
    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
    • La Fortuna Wedding Service
    • Outdoor Living Store Furniture & Home Goods Hardware & Home Improvement
    • Kathy Reed | Loan Officer Outside Sales | Primary Residential Mortgage, Inc. Loan Service Bank
    • Jeff Bohl | Loan Officer | Primary Residential Mortgage, Inc. Loan Service Bank
    • PCAP Parent Child Assistance Program Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.59M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.40M
    Blend (final) Blend
    $10.39M
    Owner & transaction history
    Rh Cedar Plaza Associates LLC · 4 yrs held
    Rh Cedar Plaza Associates LLC
    since 2021
    Last sale
    $10.8M
    1 recorded transaction
    2021
    $10.8M
    Zoning & alternative use
    UCX · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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