22306 Mountain Hwy E, Spanaway, WA 98387
Partially leased medical center includes a warm-shell vacant suite with restroom in place for flexible occupancy.
- Added:
- Jun 9, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 16 at 2:46 am
Property Features for 22306 Mountain Hwy E
General Information
- Standard status
- Active
- Size
- 4,821 SF
- Lot size
- 0.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agent JOEL SHABEL License #72923
Listing office KIDDER MATHEWS (253) 722-1406
Listing date Jun 9, 2026
Source Corcoran
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 KIDDER MATHEWS
HighLights
- Mountain Highway Medical Center totals 4,821 SF and was built in 2007
- Tranquility Dental Wellness leases suites 100, 200, and 300 totaling 3,621 SF
- Current lease term expires in 2031 with a five‑year renewal option
- Remaining 1,200 SF is vacant warm‑shell condition with the restroom already in place
- 0.50‑acre single parcel with two access points and great signage
- Located directly across the street from the Fred Meyer Center
Overview
The property is located directly across the street from the Fred Meyer Center, offering surrounding retail amenities. The center features great signage and has two access points designed for straightforward ingress and egress.
For buyers or healthcare tenants evaluating space in an established medical setting, the current tenancy through 2031 with a five-year renewal option may provide continuity while the vacant suite can support expansion or new medical-related use within the same center. The warm shell condition with the restroom in place can help reduce near-term buildout complexity compared to a fully raw space.
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 | $132.5k | $27.48 |
| − Vacancy | −$18.5k | −$3.85 |
| EGI | $113.9k | $23.63 |
| − OpEx | −$45.6k | −$9.45 |
| NOI | $68.4k | $14.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spanaway
- County
- Pierce
- State
- Washington
- Longitude
- -122.3996327
- Latitude
- 47.0544503
