Puyallup Office Units For
For Sale
$1,100,000
2802 & 10116 S Meridian, Puyallup, WA 98371
Two office units available for purchase in Puyallup, Washington.
Property Size2,010 SF
Price / SF$314.47
Days on Market230
Property Features for 2802 & 10116 S Meridian
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Office
Building Details
Building Size
2,010 SF
Year Built
1984
Buildings
1
Listing Agency:
Kidder Mathews - Tacoma
Listed By:
Jerome O'Leary · License #9685
(253) 779-9292
Source:
Kidder
Added: Mar 8
Changed: Aug 8
Last Checked: Mar 26 at 9:48AM
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 - Tacoma
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Investment Insights
Based on property information with market context.
Two office units are available for sale in Puyallup, Washington. The properties offer a combined area of 3498 square feet and are suitable for commercial real estate purposes.
Key Highlights
- Two office units available for purchase.
- Located in Puyallup, Washington.
- Built in 1984.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,546
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,920
$990.9K
Cap Rate 7%
$707,800
$707.8K
Cap Rate 9%
$550,511
$550.5K
Market Conditions
NOI Build-Up for 3,498 SF
Gross rent
$76.8K $21.96/SF
− Vacancy
−$10.8K −$3.07/SF
EGI
$66.1K $18.89/SF
− OpEx
−$16.5K −$4.72/SF
NOI
$49.5K $14.16/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,920
Cap Rate 7%
$707,800
Cap Rate 9%
$550,511
Alternative Uses
Best Use
Office B
$707.8K
$619.3K – $825.8K
NOI $49,546 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.8K
$826.7K – $1.10M
NOI $66,134 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Explore this area
Business Placement
Demographics for 98371, WA
23,965
Population
9,937
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.8 sq mi
ZIP Area
2,031
Density / Sq Mi
$97,290
Median Household Income
$53,957
Median Earnings
$1,654
Median Rent
$515,500
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two office units available for purchase in Puyallup, Washington.
Where is this office unit located?
The property is located at 2802 & 10116 S Meridian Puyallup, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two office units available for purchase.; Located in Puyallup, Washington.; Built in 1984.
