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    111 38Th St Tacoma, WA 98418

    Sponsored
    For Lease
    $22 SF/Yr

    2,000 sq ft retail fitness space. Prime Tacoma location.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,000 square foot retail space, located at 111 S 38th St, Tacoma, WA 98418, is situated within an existing and operational 24 Hour Fitness gym. The single-tenant space is ideal for a variety of fitness-related businesses. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, and sales of sport, health, and wellness products and accessories, including workout apparel. The landlord will consider other complementary health, mental health, and wellness uses. Please note: Food and beverage preparation on-site is prohibited, as are pole dancing classes and uses requiring significant construction or utility upgrades. Rent includes common area maintenance, taxes, and utilities (excluding phone, cable, and internet). This Tacoma, Washington property presents a unique opportunity within the Seattle submarket.

    Property Features for 111 38Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $22

    HighLights

    • 2,000 square foot retail space available for lease at 111 S 38th St, Tacoma, WA 98418.
    • Located within a 24 Hour Fitness gym.
    • Ideal for fitness‑related businesses; examples include martial arts, physical therapy, and wellness services.
    • Food and beverage preparation, pole dancing, and extensive renovations are prohibited.
    • Rent includes CAM, taxes, and utilities (excluding phone, cable, and internet).
    • Located in the desirable Seattle submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gym Gym 24 Hour Fitness Gym

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.43246693603
    Latitude
    47.223297050184

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    FAQs

    What type of property is this?
    Individual retail property - 2,000 sq ft retail fitness space. Prime Tacoma location.
    Where is this individual retail property located?
    The property is located at 111 38Th 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: 2,000 square foot retail space available for lease at 111 S 38th St, Tacoma, WA 98418.; Located within a 24 Hour Fitness gym.; Ideal for fitness-related businesses; examples include martial arts, physical therapy, and wellness services.
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    111 38Th St Tacoma, WA 98418
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    Tacoma, WA 98418
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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
    111 38Th St Tacoma, WA 98418
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