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    FOR SALE
    Office Spaces

    5902 Yakima Ave, Tacoma, WA 98408

    2,850 SF 0.16 ac lot Built 1925
    Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-3333462
    No photos on file
    For Sale
    $595,000 2,850 SF
    5902 Yakima Ave, Tacoma, WA 98408
    View Listing →
    Property summary
    AI-generated overview

    This exceptional commercial property at 5902 Yakima Avenue in Tacoma, WA, presents a unique investment opportunity. Priced at $649,000, the building boasts a recent comprehensive renovation, ensuring immediate occupancy and minimal maintenance needs. Improvements include a brand-new roof, updated flooring throughout, and a newly installed 6-inch commercial sewer line. All interior sewer and water lines have been completely replaced, with the water lines upgraded to Pex. The heating system has been revitalized with a rebuilt furnace featuring new boards and components, and a tankless water heater provides efficient hot water. The main area features impressive 12-foot ceilings, offering versatile space for a variety of commercial uses. A fully updated bathroom adds to the property's modern appeal. Ample storage space is available, catering to diverse business needs. The property also includes a fully fenced and gated parking area paved with blacktop, providing secure parking for tenants or customers. Its convenient location in an established neighborhood, with close proximity to major freeways, ensures excellent accessibility and high visibility. The current owners are tenants and are willing to continue leasing from the new owner, providing a stable income stream from day one. This property offers countless possibilities for a savvy investor seeking a move-in ready, fully updated commercial space in a desirable Tacoma location.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1925
    Construction WOOD FRAME
    Total area 2,850 SF
    Lot 0.16 ac (6,840 SF)
    Zoning code R2
    APN 4650000700
    UPID US90-3333462
    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
    • Quality Stitching Production Facility Textile Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nathan Swegle · 5 yrs held
    Nathan Swegle
    since 2021
    Last sale
    $260,000
    7 recorded transactions
    2022
    2021
    $260,000
    2020
    2019
    $215,200
    2009
    2005
    $239,900
    2004
    $129,773
    Zoning & alternative use
    R2 · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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