Property profile

1901 S Union Ave Tacoma, WA 98405

FOR LEASE
Medical Office Space
Property ID
US90-0928731
92,000 SF 2.65 ac lot Built 1976
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional medical office building, situated on the Allenmore Hospital campus in Tacoma, Washington, presents a unique investment opportunity. Building B offers a total of 6,649 square feet of recently renovated space, currently entirely vacant and ready for immediate occupancy. The building is comprised of one structure with ample parking, providing a 5.0 spaces per 1,000 square feet ratio. Multiple tenancy options are available, with spaces ranging from a minimum of 1,840 square feet to a maximum contiguous space of 4,809 square feet. This allows for flexibility to accommodate various medical practices or professional businesses. The property is conveniently located at 1901 S Union Ave, Tacoma, WA 98405, in Pierce County, offering easy access for patients and staff. The modern design and recent renovations ensure a comfortable and efficient workspace. This prime location within a thriving medical community provides excellent visibility and accessibility, making it an ideal setting for a variety of healthcare providers. The entire building is available for lease, presenting a rare opportunity to establish a significant presence in a high-demand area. Contact us today to learn more about this exceptional property and explore the possibilities.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Construction CONCRETE
Total area 92,000 SF
Lot 2.65 ac (115,434 SF)
Zoning code HM
APN 320076036
UPID US90-0928731

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Physician Medical Clinic
  • Medical Clinic
  • Dental Office
  • Medical Clinic

Location

1901 S Union Ave Tacoma, WA 98405
Tacoma metro Census 61100 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.39M

Owner & transaction history

since 2018
4 recorded transactions
2018
$25.7M
2017
Price N/A
2013
$10.4M
1969
Price N/A

Zoning & alternative use

HM · Tacoma, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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?”
More about this property
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