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    FOR LEASE
    Strip malls

    1201 S Union Ave, Tacoma, WA 98405

    5,923 SF 0.13 ac lot Built 2006
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US90-0033794
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Construction WOOD FRAME
    Total area 5,923 SF
    Lot 0.13 ac (5,640 SF)
    Zoning code C1
    APN 3175200050
    UPID US90-0033794
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Papa Murphy's | Take 'N' Bake Pizza Restaurant
    • Rayless Tan Tanning Salon
    • Judy Foster at Rate (NMLS #159145) Loan Service Bank
    • Guaranteed Rate Loan Service Bank
    • Thomas Andrew Kvamme Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.32M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Andrew W Jessberger Rlt
    Andrew W Jessberger Rlt
    since 2025
    4 recorded transactions
    2025
    2006
    2005
    2005
    $270,000
    Zoning & alternative use
    C1 · Tacoma, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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