Parkland WA Medical
14012 Pacific Ave S Tacoma, WA 98444
For Sale
$3,832,240
Pending
Multi-tenant medical center in Parkland, WA with value-add opportunity.
Property Size11,808 SF
Days on Market220
Property Features for 14012 Pacific Ave S
General Information
- Standard status
- Pending
- Size
- 11,808 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2010
Listing Agency:
KIDDER MATHEWS
(425) 829-0615
Listed By:
MIKE NEWTON
Source:
Corcoran
Added: Dec 17, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:33AM
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 KIDDER MATHEWS
Investment Insights
Based on property information with market context.
This multi-tenant medical center is located in Parkland, WA. Constructed in 2011, the property features long-term, stable medical service tenants operating on NNN leases. The property has one vacant space, presenting a value-add or owner-user opportunity. Rental rates are within market for Class A medical space in the Tacoma area. The property size is 11808 square feet.
Key Highlights
- Stable, long‑term medical tenants on NNN leases provide consistent income.
- Value‑add opportunity with one vacant space for increased revenue or owner‑user potential.
- High‑quality, relatively new construction (built in 2010/2011).
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.5k | $26.04 |
| − Vacancy | −$26.1k | −$2.21 |
| EGI | $281.3k | $23.83 |
| − OpEx | −$112.5k | −$9.53 |
| NOI | $168.8k | $14.30 |
11,808 SF · lease $26.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.41M
$2.11M – $2.81M
NOI $168,807 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.23M
NOI $254,061 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Westcoast Auto Center
Car Dealership
FAQs
What type of property is this?
Medical center - Multi-tenant medical center in Parkland, WA with value-add opportunity.
Where is this medical center located?
The property is located at 14012 Pacific Ave S Tacoma, WA.
What is the asking price?
The asking price for this property is $3,832,240.
What are key features of this property?
This property features: Stable, long‑term medical tenants on NNN leases provide consistent income.; Value‑add opportunity with one vacant space for increased revenue or owner‑user potential.; High‑quality, relatively new construction (built in 2010/2011).
