Professional/Medical Office Building in
1720 S 72nd St Tacoma, WA
1720 S 72nd St, Tacoma, WA, 00000
Contact for pricing
For Sale
Contact for pricing
Two-story office building near I-5, ideal for owner-user or investor.
Property Size9,296 SF
Lot Size0.38 Acres
Price / SF$172.12
Days on Market325
Property Features for 1720 S 72nd St
General Information
- Standard status
- Active
- Size
- 9,296 SF
- Lot size
- 0.38 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1720 S 72nd St Contact us
Listing Agency
Timothy Johnson Commercial Properties, LLC
(253) 209-9998
Listed by
Margot Johnson · License #21028742
(253) 209-9998
Source
Moodyscre
Added: Aug 31, 2025 Updated: Jul 6 at 9:38 am Checked: Jul 19 at 5:35 am
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 Timothy Johnson Commercial Properties, LLC
Investment Insights
Based on property information with market context.
The Hermitage Court is a two-story professional and medical office building in Tacoma, located on South 72nd St near the I-5 on-ramp. Tacoma is the second largest city in the Puget Sound area and is situated approximately 30 miles between Seattle and Olympia along I-5. The multi-tenant property offers five leasable suites, and three suites are currently available. This presents an opportunity for an owner-user or investor seeking immediate occupancy with additional income potential. The vacancies include spaces formerly occupied by a chiropractic clinic and a home health agency, indicating the building’s established use for medical and professional tenants. The property size is 9296 square feet.
Key Highlights
- Excellent I‑5 access
- Opportunity for owner‑user or investor
- Immediate occupancy with income potential
Local 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 | $242.1k | $26.04 |
| − Vacancy | −$20.6k | −$2.21 |
| EGI | $221.5k | $23.83 |
| − OpEx | −$88.6k | −$9.53 |
| NOI | $132.9k | $14.30 |
9,296 SF · lease $26.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,595 @ 7.0% cap · market cap 9.41%
Second Best
Healthcare Medical
$1.90M
$1.66M – $2.21M
NOI $132,895 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $200,013 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Neuropathy Relief Center ...
Medical Clinic
Kevin M. Lyter, ...
Alternative Medicine Practice
Simmons Chiropractic Clinic
Alternative Medicine Practice
Jeffrey B. Kahrs, ...
Alternative Medicine Practice
The Back and Joint Pain ...
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Summit Veterinary Referral Center — 2505 S 80th St, Tacoma, WA 98409
- BluePearl Pet Hospital — 2510 S 84th St Ste. 30D, Lakewood, WA 98499
FAQs
What type of property is this?
Medical Office Space - Two-story office building near I-5, ideal for owner-user or investor.
Where is this medical office space located?
The property is located at 1720 S 72nd St Tacoma, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Excellent I‑5 access; Opportunity for owner‑user or investor; Immediate occupancy with income potential
