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Property profile & analytics
FOR LEASE
Flex space

6220 S Tacoma Way Tacoma, WA 98409

21,696 SF 1.57 ac lot Built 1926
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US90-1472745
Property summary
AI-generated overview

This exceptional industrial property, located at 6220 South Tacoma Way in Tacoma, Washington, presents a unique investment opportunity. The property consists of a single, two-story building totaling 50,924 square feet, situated on a 1.573-acre lot. The building, constructed in 1926, is classified as Class C and is zoned City of Tacoma M-1 STGPD. Currently, the property features three suites, with a minimum divisible space of 13,000 square feet, making it ideal for a variety of uses. The property is well-suited for dry storage or light manufacturing needs. Its convenient location on South Tacoma Way, near the intersection of 62nd, provides excellent access to major transportation routes. The property's annual taxes are $0.58 per square foot. This versatile space offers significant potential for businesses seeking a well-located industrial facility in Pierce County, Washington, with the zip code 98409. The property's multiple suite configuration allows for flexibility in tenant occupancy. This is a rare opportunity to acquire a substantial industrial property in a thriving Tacoma location.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1926
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,696 SF
Lot 1.57 ac (68,520 SF)
Zoning code M1
APN 4875000050
UPID US90-1472745
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
  • Genesis Automotive and RV Repair Auto Repair Shop
  • Benchmark Custom Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.58M
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$3.24M
Owner & transaction history
Scalara Associates LLC · 21 yrs held
Scalara Associates LLC
since 2005
6 recorded transactions
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $5.3M +10.7%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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