1201 S Union Ave, Tacoma, WA 98405
For Lease
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This exceptional 5,900 square foot medical office building, constructed in 2007, is situated at 1201 S Union Avenue in Tacoma, Washington's desirable Allenmore submarket. The single-story building features five suites, with 1,550 square feet currently available for lease. The property boasts a convenient location at the intersection of S Union Avenue and S 12th Street, offering excellent access to major roadways and public transportation. Its Class B construction provides a functional and efficient workspace. Ample parking is available with 29 spaces provided for tenants and visitors. The building is equipped with a 225-amp power supply. The property's proximity to shopping centers, restaurants, and other medical facilities enhances its appeal and convenience. The Pierce County location (APN 3175200050) offers a strong foundation for a thriving medical practice or related business. This is a multi-tenant building offering a versatile space ideal for a variety of medical uses. The available space presents a unique opportunity to establish or expand a medical practice in a highly accessible and well-amenitized area of Tacoma.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Tacoma, WATacoma. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.