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    502 S M St Tacoma, WA 98405

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    For Lease
    $22 SF/Yr ($6,416 /Mo)

    Three-story medical building with versatile floor plates and adjacent parking.

    Property size:
    3,500 SF
    Lot size:
    0.60 Acres

    Property Features for 502 S M St

    General Information

    Size
    3,500 SF
    Lot size
    0.60 Acres

    Source: NWC - KV LLC Agent Derrick Urquhart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Building with Renovated First Floor

    This three-story medical building features versatile floor plates and a completely renovated first floor. A surgery center was updated in Fall 2012. The property benefits from an adjacent parking lot with 72 stalls. It occupies a corner location, providing easy access to the nearby medical community, including Multicare and Group Health facilities. The property size is 3,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Eye Center Eye Care Center Mac Leod Douglas ... Ophthalmologist JOHN J WHITEHEAD Ophthalmologist Jessica Scherer Optometrist Murrain Jr Luis ... Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4587647
    Latitude
    47.2599772

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    FAQs

    What type of property is this?
    Medical office - Three-story medical building with versatile floor plates and adjacent parking.
    Where is this medical office located?
    The property is located at 502 S M St Tacoma, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Completely renovated first floor; - Adjacent parking lot with **72 stalls**; - Versatile floor plates
    (253) 779-2403
    Request Owner's contact information
    502 S M St Tacoma, WA 98405
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    Realmo Value Estimation

    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.

    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.

    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
    502 S M St Tacoma, WA 98405
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