South Hill Medical/Dental
10317 122nd Street E #ABCD Puyallup, WA 98374
10317 122nd Street E #ABCD, Puyallup, WA, 98374
$2,200,000
For Sale
$2,200,000
7,800 sq ft medical/dental building for sale or lease.
Property Size7,800 SF
Lot Size1.08 Acres
Price / SF$282.05
Days on Market288
Property Features for 10317 122nd Street E #ABCD
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 1.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
CENTURY 21 NORTH HOMES REALTY
(425) 242-3040
Listed by
STUART M ANDERSON
Source
Corcoran
Added: Oct 7, 2025 Updated: Jul 6 at 9:58AM Checked: Jul 21 at 5:32AM
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 CENTURY 21 NORTH HOMES REALTY
Investment Insights
Based on property information with market context.
This 7,800 sq. ft. single-story building is located in Puyallup’s South Hill. The property is designed with a functional layout suitable for healthcare, specialty practices, or professional services. The building features multiple exam rooms, private offices, reception and waiting areas, and flexible treatment spaces. It 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. It is suitable for an established practice seeking expansion or a new provider looking for a turnkey location.
Key Highlights
- Prime location in Puyallup's South Hill with high visibility and easy access.
- Spacious 7,800 sq. ft. single‑story building designed for medical/dental use.
- Functional layout with multiple exam rooms, private offices, reception/waiting areas, and flexible treatment spaces.
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 | $214.3k | $27.48 |
| − Vacancy | −$30.0k | −$3.85 |
| EGI | $184.3k | $23.63 |
| − OpEx | −$73.7k | −$9.45 |
| NOI | $110.6k | $14.18 |
7,800 SF · lease $27.48/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.58M
$1.38M – $1.84M
NOI $110,602 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$1.58M
$1.38M – $1.84M
NOI $110,481 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,469 @ 7.0% cap · market cap 6.70%
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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- Nikbakhsh Kate DVM — 620 39th Ave SW, Puyallup, WA 98373
- Redman M J DVM — 620 39th ave sw, puyallup, wa 98373
- Larson Nikbakh Kate DVM — 620 39th Ave SW, Puyallup, WA 98373
FAQs
What type of property is this?
Medical Office Space - 7,800 sq ft medical/dental building for sale or lease.
Where is this medical office space located?
The property is located at 10317 122nd Street E #ABCD 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.; Spacious 7,800 sq. ft. single‑story building designed for medical/dental use.; Functional layout with multiple exam rooms, private offices, reception/waiting areas, and flexible treatment spaces.
