South Hill Medical/Dental
10317 122nd St E Puyallup, WA 98374
10317 122nd St E, Puyallup, WA, 98374
$2,200,000
For Sale
$2,200,000
7,800 SF medical/dental building in Puyallup's South Hill.
Property Size7,000 SF
Price / SF$314.29
Days on Market289
Property Features for 10317 122nd St E
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
JOHN L. SCOTT THE MADRONA GROUP
Listed by
ANDREW BALL
Source
Corcoran
Added: Oct 8, 2025 Updated: Jul 6 at 10:16AM Checked: Jul 22 at 9:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT THE MADRONA GROUP
Investment Insights
Based on property information with market context.
This 7,800 sq. ft. single-story building in Puyallup’s South Hill is suitable for healthcare, specialty practices, or professional services. Previously a dental practice, the property has existing equipment in place. Designed with patient flow in mind, the property features multiple exam rooms, private offices, reception and waiting areas, and flexible treatment spaces. The property is located on a high-visibility corridor with easy access and ample parking. The property is zoned for medical and dental use, with infrastructure already in place.
Key Highlights
- Prime location in Puyallup's South Hill with high visibility and easy access.
- 7,800 sq. ft. single‑story building ideal for medical/dental or professional services.
- Functional layout designed for patient flow with multiple exam rooms, offices, and reception areas.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.4k | $27.48 |
| − Vacancy | −$26.9k | −$3.85 |
| EGI | $165.4k | $23.63 |
| − OpEx | −$66.2k | −$9.45 |
| NOI | $99.3k | $14.18 |
7,000 SF · lease $27.48/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.24M – $1.65M
NOI $99,258 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$1.42M
$1.24M – $1.65M
NOI $99,149 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,344 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Varun Sharma, ...
Dental Office
NSDA-Puyallup
Dental Office
school of dental assisting ...
High School
Miracle-Ear Hearing Aid ...
Hearing Aid Store
Novel Orthodontics Billing ...
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
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- Larson Nikbakh Kate DVM — 620 39th Ave SW, Puyallup, WA 98373
FAQs
What type of property is this?
Medical Office Space - 7,800 SF medical/dental building in Puyallup's South Hill.
Where is this medical office space located?
The property is located at 10317 122nd St E Puyallup, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location in Puyallup's South Hill with high visibility and easy access.; 7,800 sq. ft. single‑story building ideal for medical/dental or professional services.; Functional layout designed for patient flow with multiple exam rooms, offices, and reception areas.
