Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5401 6th Ave Tacoma, WA 98406-2617

    • Strip malls
    • 25,410 SF
    • 3.05 lot acres
    OFF-MARKET
    Value Estimations
    $5,630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1115929
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Orthodontics / Dental Office
    • Kid's Dental / Dental Office
    • Defiance Jiu Jitsu / Training Center / Sports School
    • SR22 Insurance / Marketing & Advertising
    • Harbor Freight Tools / Building Supply / Hardware & Home Improvement

    Property Details for 5401 6th Ave

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.05 lot acres
    Property size
    25,410 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    220025008
    APU
    220025008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,110,000
      6.5%
      $5,640,000
      7%
      $5,240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.508
    Latitude
    47.2561
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $82,845
    $4,913,600
    $2,544,200
    $7,457,800
    -
    $4,913,600
    $2,544,200
    $7,457,800

    Comparable in this City

    • Value Estimation
      $1,195,000
      5,286 SF

      5902 6th Ave

      SHOPPING CENTER, STRIP CENTER • 5,286 SF
      5902 6th Ave, Tacoma, WA 98406-2030
      View Details
    • Value Estimation
      $1,370,000
      7,740 SF

      5401 6th Ave

      SHOPPING CENTER, STRIP CENTER • 7,740 SF
      5401 6th Ave, Tacoma, WA 98406-2617
      View Details
    • Value Estimation by Request
      2,312 SF

      4318 6th Ave

      SHOPPING CENTER, STRIP CENTER • 2,312 SF
      4318 6th Ave, Tacoma, WA 98406-4000
      View Details
    • Value Estimation
      $2,785,000
      14,975 SF

      6413th 6th Ave

      SHOPPING CENTER, STRIP CENTER • 14,975 SF
      6413th 6th Ave, Tacoma, WA 98406
      View Details
    • Value Estimation
      $1,685,000
      7,979 SF

      3602 6th Ave

      SHOPPING CENTER, STRIP CENTER • 7,979 SF
      3602 6th Ave, Tacoma, WA 98406-5450
      View Details
    • Value Estimation
      $1,380,000
      10,450 SF

      5104 6th Ave Ste, Unit 102

      SHOPPING CENTER, STRIP CENTER • 10,450 SF
      5104 6th Ave Ste, Tacoma, WA 98406-2608
      View Details

    Similar Nearby for Sale

    • $5,000,000
      22,336 SF

      Tacoma Planet Fitness NNN Lease

      Prime retail investment; strong tenant.
      2217 Pearl St, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Planet Fitness in Westgate South

      22,336 SF single tenant Planet Fitness in Tacoma, Washington.
      2217 N Pearl St, Tacoma, WA 98406
      View Details
    • $1,300,000
      4,344 SF

      North Tacoma Mixed-Use Building

      Mixed-use building in North Tacoma with apartments and commercial spaces.
      2712 21St St, Tacoma, WA 98406
      View Details
    • Contact for pricing

      Retail/Office Building on 6th Avenue

      Retail or office space for lease in Tacoma.
      2407 6Th Avenue Ct, Tacoma, WA 98406
      View Details
    • $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
    • $999,999
      3,594 SF

      Mixed-Use Retail and Apartments

      Retail space with apartments and storage in vibrant 6th Avenue.
      3825 6Th Ave, Tacoma, WA 98406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,080 SF

      Retail Space in Tacoma

      Retail space with great access, parking, and signage.
      5401 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Proctor District

      Retail space available in Tacoma's vibrant Proctor District.
      2315 N Pearl St, Tacoma, WA 98406
      View Details
    • $3,500 /Mo
      1,400 SF

      Retail Space in Proctor District

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

      Prime Retail Space on 6th

      High-visibility retail space in active Tacoma commercial corridor.
      3602 6Th Ave, Tacoma, WA 98406
      View Details
    • Contact for pricing
      1,096 SF

      Retail Space Near Highway 16

      Retail space visible from Highway 16, near Winco grocery.
      5902 6Th Ave, 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
    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.
    5401 6th Ave
    Tacoma, WA 98406-2617
    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!