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Portland Ave Retail Center 3910-3918 E Portland Ave 24,177 SF Retail Building Tacoma, WA 98404 $4,650,000 ($192.33/SF) 6.39% Cap Rate
Investment Highlights
- High traffic, high visible location near downtown Tacoma and Casinos
- Plenty of parking
- Close to Freeways
Executive Summary
Owner/User opportunity or Investor. This is a rare opportunity to purchase a 3 unit retail investment property well located near downtown Tacoma. The Building has a new roof and is close to freeways with plenty of parking. Owner financing available.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,177 SF
Building Class
C
Year Built/Renovated
1957/1963
Price
$4,650,000
Price Per SF
$192.33
Cap Rate
6.39%
NOI
$297,127
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
2.35 AC
Zoning
5360-NGB COMMUNITY SC - C1 -Land use - 5360-NGB COMMUNITY SC
Parking
52 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- B & A International Foods
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| B & A International Foods | Retailer | 99,999 SF | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $4,091,700 | |
| Land Assessment | $1,797,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,294,100 | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$1,797,600
Improvements Assessment
$2,294,100
Total Assessment
$4,091,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Portland Ave Retail Center | 3910-3918 E Portland Ave