South Hill Medical/Dental
10317 122nd Street E #ABCD Puyallup, WA 98374
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 Market297
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
Changed: Jul 6
Last Checked: Jul 29 at 8:30AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- PetCare Clinic — 4621 S Meridian suite A-915, Puyallup, WA 98373
- Dr. Monte Stoehr — 620 39th Ave SW, Puyallup, WA 98373
- 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
Frequently Asked Questions
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.
