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Medical Office Suite with Exam Rooms
For Lease
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1201 S Union Ave, Tacoma, WA 98405

Light medical build-out with exam, lab, and kitchen areas at a signalized intersection.

Space Size1,050 SF
Days on Market79

Property Features for 1201 S Union Ave

General Information

Standard status Active
Size 1,050 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Space Use Medical Office
Condition Light Medical Build-out

Spaces For Lease

at 1201 S Union Ave Contact us

12th & Union Avenue $24/SF/Yr

Size
1,050 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
• Includes: Light medical build-out with exam + lab rooms + kitchen • Well located...
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Listing Agency: First Western Properties - Tacoma, Inc.
Listed By: Andy Jessberger
Source: Moodyscre
Added: May 26 Changed: Aug 8 Last Checked: Aug 11 at 10:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties - Tacoma, Inc.

Investment Insights

Based on property information with market context.

This 1,050-square-foot medical office space features a light medical build-out with exam rooms, lab rooms, and a kitchen. The configuration is suited to medical office operations requiring dedicated patient and laboratory areas within a compact suite.

The building is positioned at a lighted intersection with exposure from both Union Ave and 12th Street. The property is located 1/2 mile from the University of Puget Sound and offers access along a commuter route.

Key Highlights

  • 1,050 SF medical office space
  • Light medical build‑out with exam rooms, lab rooms, and kitchen
  • Located at a lighted intersection

Property Analytics

Current Use

Papa Murphy's | Take ... Restaurant Rayless Tan Tanning Salon Judy Foster at Rate ... Loan Service Guaranteed Rate Loan Service Thomas Andrew Kvamme Physician

Suggested Use

Top Pick HVAC Service Accounting Firm Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,667
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98405, WA

24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$23.5 /SF/Yr
Avg Asking Price
$14–$36 /SF/Yr
Price Range
3,668 SF
Avg Space Size

This space is priced 2% above the average of $23.5 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Light medical build-out with exam, lab, and kitchen areas at a signalized intersection.
Where is this medical office space located?
The property is located at 1201 S Union Ave Tacoma, WA.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 1,050 SF medical office space; Light medical build‑out with exam rooms, lab rooms, and kitchen; Located at a lighted intersection
(253) 471-5507 Call to check price and availability
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