Property profile

2302 Union Ave Tacoma, WA 98405

FOR LEASE
Medical Office Space
Property ID
US90-1693624
14,271 SF 1.02 ac lot Built 1980
Entity Owned 5-yr Hold ~ Est. High Equity
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For Lease
$3,230/Mo 1,762 SF available
2302 Union Ave, Tacoma, WA 98405
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Property summary

AI-generated overview

This exceptional 1,357 square foot medical office space is located within the Union Avenue Medical Building "C," a single-story, 14,271 square foot Class B building situated on 1.28 acres in Tacoma, Washington. Built in 1983 and renovated in 1996, the property boasts a prime location with convenient access to I-5 and Highway 16, providing easy commutes throughout Pierce and Kitsap Counties, connecting Tacoma, JBLM, and Puyallup. The building is part of a three-building medical, dental, and professional office campus, offering ample shared parking for tenants and visitors. The property is professionally managed and features well-maintained landscaped grounds, reflecting a commitment to a professional and attractive environment. The zoning is CCX-STGPD, and the Pierce County APN is 320076013. This is a single-tenant space within a multi-tenant building, offering a blend of independence and community within a thriving medical environment. The address is 2302 S Union Ave, Tacoma, WA 98405. This space presents a fantastic opportunity for medical or dental professionals seeking a well-established and conveniently located office.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction WOOD FRAME
Total area 14,271 SF
Lot 1.02 ac (44,605 SF)
Zoning code CCX
APN 320076013
UPID US90-1693624

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
  • Roofing Company General Contractor
  • Dental Office
  • Dental Office
  • Dental Office

Location

2302 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
$2.63M
CAP Approach CAP
$3.14M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.42M

Owner & transaction history

since 2020
Last sale
$2.5M
5 recorded transactions
2020
$2.5M
2019
Price N/A
2017
$1.8M
2016
Price N/A
1998
Price N/A

Zoning & alternative use

CCX · Tacoma, WA
Zoning description

CCX: Community Commercial Mixed-Use District The CCX D istrict provides commercial and retail businesses which are intended to serve many nearby areas and attract people from throughout the City. This district is envisio…

General category MIXED_USE

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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