Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11216 Sunrise Blvd E Puyallup, WA 98374

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-landscaped medical office campus with on-site management and ample parking.

    Property size:
    1,119 SF
    Lot size:
    15.72 Acres

    Property Features for 11216 Sunrise Blvd E

    General Information

    Size
    1,119 SF
    Lot size
    15.72 Acres

    We can help!

    Listing Contact
    Will Frame
    Source: Moodyscre

    Listing Agent: Will Frame

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Class A Medical Office Space

    Sunrise Medical is a Class A medical office campus situated on 17 acres of landscaped grounds featuring lawns, gardens, and fountains. The property consists of three buildings with large, double-paned windows providing ample natural light. Natural wood-framed glass storefront entry doors enhance the campus's aesthetic. The landscaping includes a courtyard, water fountains, and views of Mt. Rainier. On-site management, engineering, landscaping, and security staff are available. Tenants and patients have access to abundant, free on-site parking at a ratio of 6.5 stalls per 1,000 square feet of usable space. Tax ID numbers for the property are 0419278001 and 0419278002. Available space measures 1,119 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ryan Kraeger, PA-C Physician Cascade Eye And Skin ... Medical Clinic Garrett Jeffery, DO Pediatrician Dennis D Drouillard, ... Eye Care Center Dr. Lin Huang Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2781297
    Latitude
    47.0968026

    Nearby Similar for Lease

    • $0.35 SF/Yr
      24,120 SF

      Puyallup Industrial Spaces Available

      Industrial warehouse spaces and fenced yard in prime Puyallup location.
      1703 19Th Ave NW, Puyallup, WA 98371
      View Details
    • $24 SF/Yr
      1,053 SF

      Puyallup Commercial Space For Rent

      Versatile commercial space with excellent visibility and accessibility on Meridian.
      13819 Meridian E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      1,205 SF

      Puyallup Office or Retail Space

      Versatile commercial space in Puyallup, ideal for office or retail.
      3806 9Th St SW, Puyallup, WA 98373
      View Details
    • $15 SF/Yr
      5,492 SF

      Warehouse with Secured Yard

      Warehouse, yard, and office space available for lease.
      16609 110Th Ave E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      46,903 SF

      Puyallup Retail Center Opportunity

      Prime Retail Space, Multiple Units Available
      4423-4621 Meridian, Puyallup, WA 98373
      View Details
    • $20 SF/Yr
      46,775 SF

      Puyallup Executive Office Space

      Class A office building, multiple suites available
      1011 Main Ave, Puyallup, WA 98372
      View Details
    • $48 SF/Yr
      1,500 SF

      Retail Space Near Safeway Center

      Retail space with excellent exposure near Safeway Anchored Center.
      2902 E Pioneer, Puyallup, WA 98372
      View Details
    • $3,250 /Mo
      2,400 SF

      Heated Garage & Office Space

      Heated garage with office space suitable for commercial or automotive.
      7415 100Th St E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      2,580 SF

      Retail Space in South Hill Center

      2,580 SF retail space with high visibility and traffic.
      4301-4307 S Meridian, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      27,346 SF

      Puyallup Executive Office Space

      Class A Office, Downtown Puyallup, Amenities
      929 Main Ave, Puyallup, WA 98372
      View Details
    • $22 SF/Yr
      2,930 SF

      Downtown Puyallup Class A Office

      Class A office space in downtown Puyallup for lease.
      1011 E Main Ave, Puyallup, WA
      View Details
    • $22 SF/Yr
      56,061 SF

      Meridian Place Creative Office Space

      Puyallup, WA: Retail & Office Opportunity
      4301 Meridian, Puyallup, WA 98373
      View Details

    FAQs

    What type of property is this?
    Medical office - Well-landscaped medical office campus with on-site management and ample parking.
    Where is this medical office located?
    The property is located at 11216 Sunrise Blvd E Puyallup, WA.
    What are key features of this property?
    This property features: - Class A medical office campus in a desirable location.; - Abundant, free on-site parking (6.5 stalls/1,000 usf) for tenants and patients.; - Beautifully landscaped 17-acre property with lawns, gardens, and fountains.
    (253) 722-1412
    Request Owner's contact information
    11216 Sunrise Blvd E Puyallup, WA 98374
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11216 Sunrise Blvd E
    Puyallup, WA 98374
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11216 Sunrise Blvd E Puyallup, WA 98374
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Will Frame
    (253) 722-1412
    Learn more
    Google sign-in failed. Please try again or use another login method.