Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1720 72Nd St Tacoma, WA 98408

    • Office properties & Spaces
    • 9,296 SF
    • 0.38 lot acres
    For Lease
    View listing
    $1,800 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1507175
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Neuropathy Relief Center of Tacoma / Medical Clinic
    • Kevin M. Lyter, DC / Alternative Medicine Practice
    • Simmons Chiropractic Clinic / Alternative Medicine Practice
    • Jeffrey B. Kahrs, DC / Alternative Medicine Practice
    • The Back and Joint Pain Institute / Alternative Medicine Practice

    Property Details for 1720 72Nd St

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.38 lot acres
    Property size
    9,296 SF
    Zone code
    C2
    Property type
    Office properties & Spaces
    APN
    9345000523
    APU
    9345000523

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,140,000
      6.5%
      $1,975,000
      7%
      $1,835,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,412,000
      Market price range: $616k - $1.72M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,865,000
      Current use
      RETAIL STORES
      $2,805,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,785,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.459
    Latitude
    47.1914
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,516
    $479,100
    $1,186,900
    $1,666,000
    -
    $479,100
    $1,186,900
    $1,666,000

    Comparable in this City

    • Value Estimation
      $545,000
      2,840 SF

      7805 Pacific Ave

      OFFICE (GENERAL) • 2,840 SF
      7805 Pacific Ave, Tacoma, WA 98408-7028
      View Details
    • Value Estimation by Request
      2,072 SF

      7813 Pacific Ave

      OFFICE (GENERAL) • 2,072 SF
      7813 Pacific Ave, Tacoma, WA 98408-7028
      View Details
    • Value Estimation
      $520,000
      3,411 SF

      4610 Pacific Ave

      OFFICE (GENERAL) • 3,411 SF
      4610 Pacific Ave, Tacoma, WA 98408-7738
      View Details
    • Value Estimation
      $640,000
      4,032 SF

      7046 Park Ave

      OFFICE (GENERAL) • 4,032 SF
      7046 Park Ave, Tacoma, WA 98408-5511
      View Details
    • Value Estimation
      $640,000
      3,780 SF

      4803 M St

      OFFICE (GENERAL) • 3,780 SF
      4803 M St, Tacoma, WA 98408-3506
      View Details
    • Value Estimation by Request
      2,742 SF

      4629 Yakima Ave

      OFFICE (GENERAL) • 2,742 SF
      4629 Yakima Ave, Tacoma, WA 98408-4947
      View Details

    Similar Nearby for Sale

    • $979,950
      7,875 SF

      Mixed-Use Building with Income Streams

      Two-story mixed-use building with apartments, office space, and cell tower.
      5435 M St, Tacoma, WA 98408
      View Details
    • $399,000
      2,400 SF

      Pacific Professional Center Office Space

      Commercial building with ample parking and modern amenities for sale.
      7807 Pacific Ave, Tacoma, WA 98408
      View Details
    • $399,000

      Pacific Professional Center Office Unit

      Commercial building with ample parking and modern amenities.
      7807 Pacific Ave, Tacoma, WA 98408
      View Details
    • Contact for pricing
      2,164 SF

      Professional/Medical Office Building in Tacoma

      Two-story office building near I-5, ideal for owner-user or investor.
      1720 S 72Nd St, Tacoma, WA 98408
      View Details
    • Contact for pricing
      3,152 SF

      High-Visibility Small-Suite Office Building

      Prime location office building with move-in ready suites.
      7817 Pacific Ave, Tacoma, WA 98408
      View Details
    • $649,000

      Tacoma Commercial Building - Updated

      Prime Tacoma location, fully renovated, great income potential.
      5902 Yakima Ave, Tacoma, WA 98408
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,200 SF

      Office Suite with Private Offices

      1,200sf office suite featuring multiple private offices.
      1720 72Nd St, Tacoma, WA 98408
      View Details
    • $3,246 /Mo
      2,164 SF

      Office Suite with Training Area

      2,164 SF office suite featuring private offices and training area.
      1720 72Nd St, Tacoma, WA 98408
      View Details
    • $2,999 /Mo
      2,184 SF

      Updated Office Space For Rent

      Updated 2-story office space in a busy, convenient location.
      7807 Pacific Ave, Tacoma, WA 98408
      View Details
    • $3,822 /Mo
      2,548 SF

      Medical Office Space Available

      Second-floor suite with chiropractic floor plan in Tacoma, WA.
      1720 72Nd St, Tacoma, WA 98408
      View Details
    • Contact for pricing

      Versatile Space Near Tacoma Mall

      51,000+ SF retail/flex space with excellent visibility.
      1767 S 48Th St, Tacoma, WA 98408
      View Details
    • Contact for pricing

      Regional Power Center I-5 Frontage

      Regional power center with I-5 frontage and freeway access.
      1901 S 72Nd St, Tacoma, WA 98408
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1720 72Nd St
    Tacoma, WA 98408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!