Two-Story Office Building with
210 2nd St NE Puyallup, WA 98371
For Sale
Contact for pricing
Pending
Two-level office building with 11 on-site parking stalls and space split between two floors.
Property Size5,392 SF
Lot Size0.21 Acres
Days on Market147
Property Features for 210 2nd St NE
General Information
Standard status
Pending
Size
5,392 SF
Lot size
0.21 Acres
Property subtype
OFFICE
Listing Agency:
First Western Properties - Tacoma, Inc.
(253) 880-2462
Listed By:
Jeremiah Durr · License #49001
(253) 471-5506
Source:
Moodyscre
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 29 at 3:11PM
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 First Western Properties - Tacoma, Inc.
Investment Insights
Based on property information with market context.
This two-story office building was built in 1940 and totals 5,392 square feet across two levels. Level 1 includes 4,155 square feet, while Level 2 provides 1,234 square feet. The property includes on-site parking with 11 stalls.
The building is located at 210 2nd Street NE in Puyallup, Washington. With dedicated parking and a defined two-floor layout, the space may be suited for office tenants seeking established, multi-level space with on-site parking.
The building is located at 210 2nd Street NE in Puyallup, Washington. With dedicated parking and a defined two-floor layout, the space may be suited for office tenants seeking established, multi-level space with on-site parking.
Key Highlights
- Two‑level office building totaling 5,392 SF across Level 1 (4,155 SF) and Level 2 (1,234 SF)
- 11 on‑site parking stalls included
- 0.213‑acre site (9,475 SF lot)
Financial Insights For Office B
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 | $118.4k | $21.96 |
| − Vacancy | −$16.6k | −$3.07 |
| EGI | $101.8k | $18.89 |
| − OpEx | −$25.5k | −$4.72 |
| NOI | $76.4k | $14.16 |
5,392 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$954.7K – $1.27M
NOI $76,373 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,942 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-level office building with 11 on-site parking stalls and space split between two floors.
Where is this office building located?
The property is located at 210 2nd St NE Puyallup, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑level office building totaling 5,392 SF across Level 1 (4,155 SF) and Level 2 (1,234 SF); 11 on‑site parking stalls included; 0.213‑acre site (9,475 SF lot)
