Financial
Distress signals
Property profile

1530 S Union Ave Tacoma, WA 98405

FOR LEASE
Medical Office Space
Property ID
US90-1458995
20,460 SF 1.04 ac lot Built 1986
Last sale Jan 2015 · $3,654,719
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1530 S Union Ave, Tacoma, WA 98405 For Lease
$3,575,000 1,400 SF available
1530 S Union Ave, Tacoma, WA 98405
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Property summary

AI-generated overview

The property is a medical office building (“Union Ave Medical Building”) located near the Allenmore Medical Campus on or around Union Avenue. It provides medical office space suitable for healthcare uses, with available suites ranging from approximately 1,214 to 4,100 square feet. The building is associated with tax identification numbers 0220014162 and 0220018003.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$45k
Tax billed · 2024
Assessed value$4.08M
Assessed land$1.40M
Assessed improvement$2.68M
Effective rate1.11%

Value estimate

· Sep 2026
$3.58M
$3.22M – $3.93M
AI approach$4.04M
CAP approach$4.50M
Submarket $/SF estimate$4.61M
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$3k
Operating expenses−$13k
NOI · 827,024.79% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$245/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$135 – $347

Cap rate analysis

How does the asset earn?
827,024.79%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
T
T: Transitional District The Transitional District is intended to serve as a transition between commercial or industrial areas and reside...
General categoryCIVIC_INSTITUTIONAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop26.4
Building Supply26.4
Auto Repair Shop23.4

Location

1530 S Union Ave Tacoma, WA 98405
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3402 18th, Tacoma, WA 98405-1903 $2,270,000 Jun 2023 6,504 SF
1802 Un, Tacoma, WA 98405-1947 $2,325,000 Jan 2023 7,756 SF
3602 19th, Tacoma, WA 98405-1919 $11,025,000 Jul 2020 21,853 SF
3601 17th, Tacoma, WA 98405 $5,600,000 Jul 2019 15,904 SF
2420 Un, Tacoma, WA 98405-1322 $7,720,000 Jun 2019 29,634 SF
2201 19th, Tacoma, WA 98405-2962 $3,900,000 Feb 2019 20,282 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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