3315 23rd St Tacoma, WA 98405-1605
Property profile & analytics
3315 23rd St Tacoma, WA 98405-1605
- Office Spaces
- 54,242 SF
- 2.34 lot acres
Property ID
US90-1084781
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.
Location Intelligence
Current Use by Public Records
- Electrodiagnosis Assoc of Puget Sd / Medical Clinic
- Nutritionist Carlee Hayes / Medical Clinic
- ATI Physical Therapy / Medical Clinic
- Longevity Medical Clinic / Medical Clinic
- Electrodiagnosis & Musculoskeletal Associates (EMA) of Puget Sound - Tacoma / Physician / Medical Clinic
Property Details for 3315 23rd St
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 2.34 lot acres
- Property size
- 54,242 SF
- Zone code
- CCX
- Property type
- Office Spaces
- APN
- 320076025
- APU
- 320076025
Description
Allenmore Terrace, located at 3315 S 23rd Street in Tacoma, WA 98405, presents a unique opportunity to acquire a premier Class A medical office building. This 64,516 square foot multi-tenant property boasts a remarkably low vacancy rate of only 569 square feet. Situated in Pierce County, the building benefits from an unbeatable location adjacent to the Allenmore Hospital Campus, providing convenient access to a vast network of healthcare providers, advanced medical technologies, and a 24-hour emergency department. The property's strategic position also ensures easy access to major transportation arteries, including I-5 and Highway 16, enhancing its appeal to both patients and staff. Recent renovations have modernized the interior, including the common areas and lobby, creating a welcoming and professional atmosphere. Ample surface parking is available on-site, providing a generous 4.6 stalls per 1,000 square feet. The building also offers the opportunity for prominent exterior building signage, enhancing visibility and brand recognition. This exceptional property is ideal for investors seeking a stable, high-demand medical office asset in a thriving healthcare hub.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,475,000
- 6.5%
- $11,515,000
- 7%
- $10,695,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $14,978,000
- AI Estimate
- $10,458,000
Market price range: $8.69M - $17.9MMarket price range: $3.65M - $13.6M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $12,025,000 Current use
- AUTO REPAIR, GARAGE
- $20,035,000 Change: +67% Conversion: Difficult
- RETAIL STORES
- $16,380,000 Change: +36% Conversion: Easy
- WAREHOUSE, STORAGE
- $16,250,000 Change: +35% Conversion: Difficult
- MEDICAL BUILDING
- $13,275,000 Change: +10% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $11,990,000 Change: -0% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.479
- Latitude
- 47.2386
- 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
$134,013
$3,122,500
$8,942,200
$12,064,700
-
$3,122,500
$8,942,200
$12,064,700
