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Property profile & analytics
OFF-MARKET Estimated value $700,000
Retail space

5602 Lawrence St Tacoma, WA 98409-5320

3,646 SF 0.11 ac lot Built 1909
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1500165
Property summary
AI-generated overview

This exceptional 3,646-square-foot, two-story building in South Tacoma presents a remarkable investment opportunity. Situated on a 5,000-square-foot lot (.115 acres), this property boasts a prime location between I-5 and South Tacoma Way, directly on 56th Street. Originally configured as a bar with a manager's apartment on the upper level (1,823 sq ft each), the building's adaptability is a key asset. It's easily convertible to professional office space, retail, or even a multi-unit residential property, catering to a wide range of uses. The building, constructed in 1909 and renovated in 1998, offers secure parking and storage in the rear, along with convenient customer parking. Its proximity to shopping, easy freeway access, and surrounding businesses further enhance its appeal. The asking price is $699,000, translating to $191.72 per square foot. This property offers a unique blend of location, versatility, and potential for significant return on investment. The two-story structure provides ample space and flexibility, making it an ideal choice for a variety of commercial ventures. Don't miss this chance to acquire a well-positioned property in a thriving South Tacoma neighborhood.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1909
Construction WOOD FRAME
Total area 3,646 SF
Lot 0.11 ac (5,000 SF)
Zoning code RCX
APN 9485000831
UPID US90-1500165
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
  • Edison City Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
$675k
Comparable Approach Comparable
$497k
Blend (final) Blend
$700k
Owner & transaction history
Mr Naturalx Holdings LLC · 1 yrs held
Mr Naturalx Holdings LLC
since 2025
Last sale
$705,000
3 recorded transactions
2025
$705,000
2017
Price N/A
2016
Price N/A
Zoning & alternative use
RCX · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $975,000 +28.5%
Warehouse, storage $960,000 +26.8%
Medical building $890,000 +17.8%
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