5631 Tacoma Mall Blvd, Tacoma, WA 98409-6901
This exceptional 6,836 square foot commercial property, located at 5631 Tacoma Mall Blvd in Tacoma, WA 98409, presents a compelling investment opportunity. The building, constructed in 1972 and classified as Class B, is zoned C-2 Commercial, offering significant flexibility for various uses. Currently configured as executive office space, the property boasts 1,308 square feet of vacant space, presenting immediate owner-user potential or the possibility of expansion. The strategic location just south of the Tacoma Mall provides incredible visibility, benefiting from high traffic counts: 187,865 vehicles daily on I-5 and 12,407 vehicles daily on Tacoma Mall Boulevard. This high visibility makes it an ideal location for a variety of businesses. Beyond its current use, the property offers significant redevelopment potential. The C-2 zoning allows for a range of possibilities, including a coffee drive-thru or other retail establishments. The asking price for this versatile property is $985,000. This presents a rare chance to acquire a well-situated commercial property with immediate income potential and significant long-term upside. Don't miss this opportunity to own a piece of prime Tacoma real estate.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Tacoma, WATacoma. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.