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Property profile & analytics
OFF-MARKET Estimated value $1,680,000
Strip malls

6720 Regents Blvd Tacoma, WA 98466-5400

13,982 SF 1.75 ac lot Built 1988
Trust Owned 7-yr Hold ~ Est. High Equity
Property ID
US90-0037471
Property summary
AI-generated overview

University Place offers a fantastic opportunity for businesses seeking office or retail space at 6720 Regents Blvd, 98466. This property, known as UP Crossing, boasts a total of 21,960 square feet and features a multi-tenant configuration. Two spaces are currently available, providing flexible options ranging from 1,275 to 2,800 square feet, ideal for a variety of businesses. The building's prime location in University Place offers excellent visibility and accessibility. Its strategic placement directly across from the Fircrest Golf Club ensures high foot traffic and a desirable location within the vibrant University Place community. The property's "Traditional Office" subtype suggests a professional and functional layout, suitable for a range of office-based operations or retail ventures. The address is conveniently located in University Place, Washington, providing easy access to local amenities and transportation networks. This presents a unique chance to establish a presence in a thriving area with strong community ties and a desirable location. The available spaces offer the potential for immediate occupancy and customization to suit individual business needs. Interested parties are encouraged to inquire about lease terms and availability.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction WOOD FRAME
Total area 13,982 SF
Lot 1.75 ac (76,230 SF)
Zoning code C
APN 6465000020
UPID US90-0037471
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
  • Farmers Insurance - Rohalio Newman Insurance Agency
  • Starbucks Cafe & Coffee Shop
  • University Place Best Pet Grooming Inc Pet Grooming Service
  • Farmers Insurance - John Hayes Insurance Agency
  • Farmers Insurance - Alec Lewis Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.68M
Owner & transaction history
Park Family Trust · 7 yrs held
Park Family Trust
since 2018
7 recorded transactions
2024
Price N/A
2018
Price N/A
2018
$5.2M
2018
Price N/A
2015
Price N/A
2013
Price N/A
2007
Price N/A
Zoning & alternative use
C · Tacoma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Ordinance Table
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