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    6317 Portland Ave Tacoma, WA 98404-3510
    Property profile & analytics

    6317 Portland Ave Tacoma, WA 98404-3510

    View on Map
    • Retail space
    • 1,236 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jun 8, 2021
    $349,950
    Property ID
    US90-3158197
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Korea Spa Massage / Alternative Medicine Practice / Spa & Massage Center
    • Textured Curlz Salon/Spa / Hair Salon
    • Seattle Tacoma Wigs and Hair Extensions / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Express Company / Shipping Company / Freight Service
    • HandsonHerb Cutts and Styles / Barber Shop

    Property Details for 6317 Portland Ave

    Year built
    1946
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    1,236 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    5625002470
    APU
    5625002470

    Description

    This unique 1,615-square-foot live/work space in Tacoma, Washington, offers a versatile blend of commercial and residential areas. Located at 6317 Portland Ave E, 98404, this single-tenant property sits in a high-traffic area, benefiting from excellent street visibility. Built in 1946 and extensively renovated in 2021, the building boasts a spacious layout. The first floor features three rooms, two bathrooms, and a large kitchen, ideal for a retail business or office. Upstairs, a second-floor loft provides comfortable living quarters. The property includes six parking spaces, a significant advantage in this location. Zoned C-1, the property's permitted uses are diverse, including office, retail, and even daycare, making it an attractive investment opportunity. The building's recent renovation ensures modern amenities and functionality, while its historical character adds unique charm. This property presents a rare opportunity to combine living and working in a vibrant Tacoma neighborhood. The ample space and convenient parking make it a highly desirable location for a variety of businesses and lifestyles. The property is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.408
    Latitude
    47.1993
    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
    $2,382
    $108,300
    $105,100
    $213,400
    -
    $108,300
    $105,100
    $213,400

    Comparable in this City

    • Value Estimation
      $5,800,000
      6,403 SF

      5522 Mckinley Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,403 SF
      5522 Mckinley Ave, Tacoma, WA 98404-2633
      View Details
    • Value Estimation
      $850,000
      3,000 SF

      5516 Portland Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      5516 Portland Ave, Tacoma, WA 98404-4533
      View Details
    • Value Estimation
      $980,000
      5,456 SF

      4002 Portland Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,456 SF
      4002 Portland Ave, Tacoma, WA 98404-4687
      View Details
    • Value Estimation by Request
      128 SF

      7607 Portland E Ave

      RETAIL STORES (PERSONAL SERVICES) • 128 SF
      7607 Portland E Ave, Tacoma, WA 98404
      View Details
    • Value Estimation by Request
      3,936 SF

      3634 Mckinley Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,936 SF
      3634 Mckinley Ave, Tacoma, WA 98404-3022
      View Details
    • Value Estimation by Request
      2,500 SF

      3545th Mckinley Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      3545th Mckinley Ave, Tacoma, WA 98404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,880 SF

      Specialty Grocery Store Retail Space

      Centrally located retail space suitable for a specialty grocery store.
      3912-3918 E Portland Ave E, Tacoma, WA 98404
      View Details
    • $475,000
      1,138 SF

      Commercial-Zoned Lot with Updated Home

      Updated home on commercial-zoned lot near I-5 and Costco.
      811 60Th St, Tacoma, WA 98404
      View Details
    • Contact for pricing

      Residential Land with Development Potential

      Land with utilities, suitable for custom home or development.
      322 E 40Th St, Tacoma, WA 98404
      View Details
    • Contact for pricing

      Tacoma Land for Commercial Development

      Nearly one acre of MUD-zoned land ideal for development.
      1148 72Nd St E, Tacoma, WA 98404
      View Details

    Similar Nearby for Lease

    • $1,875 /Mo
      1,250 SF

      East Tacoma Retail Space Available

      Retail suites in busy East Tacoma shopping center for lease.
      1621 E 72Nd St, Tacoma, WA 98404
      View Details
    • $1,875 /Mo
      1,250 SF

      East Tacoma Retail Space Available

      Retail suites in busy shopping center with high visibility.
      1621 E 72Nd St, Tacoma, WA 98404
      View Details
    • $26,507
      19,880 SF

      Specialty Grocery Store Retail Space

      Centrally located retail space suitable for a specialty grocery store.
      3910 Portland Ave E, Tacoma, WA 98404
      View Details
    • Contact for pricing
      5,495 SF

      Tacoma Warehouse Space Available

      5,495 square foot warehouse space for rent in Tacoma.
      7515 Portland Ave East, Tacoma, WA 98404
      View Details
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    6317 Portland Ave
    Tacoma, WA 98404-3510
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    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
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    6317 Portland Ave, Tacoma, WA, 98404
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