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Three-Story Medical Office Building
For Lease
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502 S M St, Tacoma, WA 98405

Three-story medical building with versatile floor plates, a fully renovated first floor, and an adjacent 72-stall parking lot.

Space Size3,500 SF
Days on Market3346

Property Features for 502 S M St

General Information

Standard status Active
Size 3,500 SF
Total Parking Spaces 72
Property subtype OFFICE
Lease Type Modified Gross

Site & Location

Neighborhood North End

Building Details

Year Renovated 2012
Stories 3

Spaces For Lease

at 502 S M St
Medical Office Space $47/SF/Yr
Size 3,500 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Sublease No
Three story medical building; Versatile floor plates; Completely renovated first floor; Adjacent parking lot with 72 stalls; Corner location; Easy access to nearby medical community including Multicare and Group Health facilities Tax iD #: 2005260010; 2005260021; 2005260022; 2005260051
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Listing Agency: NWC - KV LLC
Listed By: Derrick Urquhart
Source: Moodyscre
Added: Aug 31, 2017 Changed: Oct 25 Last Checked: Oct 28 at 10:18AM

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 NWC - KV LLC

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Investment Insights

Based on property information with market context.

This three-story medical building offers versatile floor plates designed to support a range of healthcare uses. The first floor has been completely renovated, and the surgery center was updated in fall 2012.

The property is in a corner location with easy access to the nearby medical community, including Multicare and Group Health facilities. An adjacent parking lot provides 72 stalls, supporting convenient patient and staff access.

With updated and renovated improvements across the building, the layout is well-suited for an operator seeking a medical facility configured for multiple levels within a dedicated healthcare property setting.

Key Highlights

  • Three‑story medical building with versatile floor plates
  • Completely renovated first floor
  • Surgery Center updated in Fall 2012

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

Top Pick Pet Grooming Service Pet Store & Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Mobile Phone Store Fish Market

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
$7.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,842
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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

Frequently Asked Questions

What type of property is this?
Medical center - Three-story medical building with versatile floor plates, a fully renovated first floor, and an adjacent 72-stall parking lot.
Where is this medical center located?
The property is located at 502 S M St Tacoma, WA.
What is the lease rate?
The lease rate is $47 SF/Yr.
What are key features of this property?
This property features: Three‑story medical building with versatile floor plates; Completely renovated first floor; Surgery Center updated in Fall 2012
(253) 779-2403 Call to check price and availability
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