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Property profile

4318 6Th Ave Tacoma, WA 98406

FOR LEASE
Strip malls
Property ID
US90-3048835
2,312 SF 0.21 ac lot Built 1977
Individually Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 4318 6th Avenue in Tacoma, Washington, 98406. The property boasts a prime location near the intersection of 6th Avenue and Stevens, ensuring high visibility and foot traffic. The single-story building, constructed in 1977 and renovated in 1992, offers a total of 2,312 square feet, with 700 square feet currently available for lease. Ten convenient on-site parking spaces are provided, supplemented by additional parking located at the rear of the building. Excellent signage opportunities exist, including building signage and a pylon sign, maximizing your brand's exposure. The lease is a modified gross lease, meaning the landlord covers property taxes and insurance. The monthly rent for the 700-square-foot space is $2,300. The property sits on 2.1 acres of land. This is an ideal location for a variety of retail businesses seeking a high-traffic, well-maintained space with ample parking and excellent signage opportunities. The property features one building with a total of 10 parking spaces.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction WOOD FRAME
Total area 2,312 SF
Lot 0.21 ac (9,000 SF)
Zoning code C1
APN 3900001330
UPID US90-3048835

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
  • Nail Salon
  • Tattoo & Piercing Shop
  • Nail Salon
  • Hair Salon

Location

4318 6Th Ave Tacoma, WA 98406
Tacoma metro Census 61100 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2015
2 recorded transactions
2015
$380,000
2011
Price N/A

Zoning & alternative use

C1 · Tacoma, WA
Zoning description

C-1: General Neighborhood Commercial District The C-1 District contains low-intensity, smaller-scale land uses such as retail, office, and service uses. All uses permitted in the Transitional District are also permitted…

General category COMMERCIAL

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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