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8004-8008 27th St W 4,740 SF 100% Leased Retail Building University Place, WA 98466 $850,000 ($179.32/SF) 6% Cap Rate
Executive Summary
This prime corner lot in University Place offers excellent visibility, making it ideal for attracting attention and
enhancing business exposure. As a unique mixed-use property, it combines commercial and residential spaces,
providing diverse income opportunities. Located in a vibrant, high-traffic area with easy accessibility, this property
presents a rare chance to own a versatile, income-generating asset in a highly desirable location.
enhancing business exposure. As a unique mixed-use property, it combines commercial and residential spaces,
providing diverse income opportunities. Located in a vibrant, high-traffic area with easy accessibility, this property
presents a rare chance to own a versatile, income-generating asset in a highly desirable location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,740 SF
Building Class
C
Year Built
1925
Price
$850,000
Price Per SF
$179.32
Cap Rate
6%
NOI
$51,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.30 AC
Zoning
MU
Parking
16 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 918020-0350 | Improvements Assessment | $305,900 |
| Land Assessment | $415,300 | Total Assessment | $721,200 |
Property Taxes
Parcel Number
918020-0350
Land Assessment
$415,300
Improvements Assessment
$305,900
Total Assessment
$721,200
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8004-8008 27th St W
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