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    3716 Pacific Ave Tacoma, WA 98418
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    Property profile & analytics

    3716 Pacific Ave, Tacoma, WA 98418

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    • Medical Office Space
    • 10,835 SF
    • 0.69 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Tacoma Medical Building For Rent For Lease
    $20 SF/Yr

    Tacoma Medical Building For Rent

    Medical building with easy access to major routes.

    3716 Pacific Ave, Tacoma, WA 98418
    View Listing
    Property ID
    US90-3311568
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cordant Health Solutions / Drug Testing Service
    • Taino Massage / Alternative Medicine Practice / Spa & Massage Center
    • Living & Wellness Center / Physician
    • Commencement Bay Medical Building / Department Store / Shopping Center & Mall
    • Tacoma Needle Exchange / Pharmacy

    Property Details for 3716 Pacific Ave

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.69 lot acres
    Zone code
    T
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    7470023461
    APU
    7470023461

    Description

    This 2,339 square foot medical office building in Tacoma, WA, offers two available suites ideal for medical practices. The building is conveniently located off 38th Street, providing easy access to State Route 7 and Interstate 5. Ample lighted parking is available in lots fronting Pacific Avenue and behind the building. Suite G, at 1,200 square feet, features an open floor plan with one office, a break area, a waiting room, a receptionist's office, and the potential for three exam rooms. Suite C, measuring 1,139 square feet, boasts a medical floor plan including two exam rooms, one room with plumbing stubbed out for a potential third exam room, a spacious waiting room, a receptionist's office with a medical window, a lab, one private office, a storage or copy area, and one ADA-compliant restroom. The building's entrance is conveniently located off the parking lot and faces busy Pacific Avenue. Both suites are ready for new flooring and paint, allowing for customization to suit individual needs. The address is 3716 Pacific Ave, Tacoma, WA 98418.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,540,000
      Market price range: $1.47M - $3.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.435
    Latitude
    47.2243
    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
    $15,571
    $800,800
    $600,100
    $1,400,900
    -
    $800,800
    $600,100
    $1,400,900

    Comparable in this City

    • Value Estimation by Request
      2,575 SF

      1222 38th St

      MEDICAL BUILDING
      1222 38th St, Tacoma, WA 98418-3917
      View Details
    • Value Estimation by Request
      776 SF

      4001 Yakima Ave

      MEDICAL BUILDING
      4001 Yakima Ave, Tacoma, WA 98418-4923
      View Details
    • Value Estimation
      $510,000
      2,400 SF

      212 37th St

      MEDICAL BUILDING
      212 37th St, Tacoma, WA 98418-7899
      View Details
    • Value Estimation by Request
      3,722 SF

      3733 Thompson Ave

      MEDICAL BUILDING
      3733 Thompson Ave, Tacoma, WA 98418-5013
      View Details
    • Value Estimation
      $15,525,000
      81,847 SF

      3615 Pacific Ave

      OFFICE (GENERAL)
      3615 Pacific Ave, Tacoma, WA 98418-7921
      View Details
    • Value Estimation
      $1,500,000
      6,632 SF

      3711 Pacific Ave

      OFFICE (GENERAL)
      3711 Pacific Ave, Tacoma, WA 98418-7827
      View Details

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      Permit-Ready Land in Tacoma, WA

      16,014 SF permit-ready land zoned for Community Commercial Mixed-Use.
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Medical Office Space Available

      1,472 SF medical office space with five exam rooms.
      3716 Pacific Ave, Tacoma, WA 98418
      View Details
    • Contact for pricing

      Tacoma Medical Building For Rent

      Medical building with easy access to major routes.
      3716 Pacific Ave, Tacoma, WA 98418
      View Details
    • $2,453 /Mo
      1,472 SF

      Medical Office Space Available

      1,472 SF medical office space for lease.
      3716 Pacific Ave, Tacoma, WA 98418
      View Details
    • $2,000 /Mo
      1,200 SF

      Professional Office Space Available

      Professional office space featuring reception area, offices, and storage.
      3716 Pacific Ave, Tacoma, WA 98418
      View Details
    • $2,743 /Mo
      1,496 SF

      Retail Space at Ceccanti West

      Retail space available at the corner of 38th and Pacific.
      3802 Pacific Ave, Tacoma, WA 98418
      View Details
    • $2,743 /Mo
      1,496 SF

      Prime Retail Space Available

      Retail space with excellent visibility, access, and parking.
      3802 Pacific Ave, Tacoma, WA 98418
      View Details
    View Listing
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    Tacoma, WA 98418
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    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
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