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    2748 Milton Way Milton, WA 98354

    For Lease
    $17 SF/Yr

    Milton, WA: Prime Office Space Available

    Lot size:
    30,894 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional two-story, 30,894 square foot office building, situated on a sprawling 69,735-acre lot at 2748 Milton Way, Milton, WA 98354, presents a unique investment opportunity. Built in 1991 and extensively renovated in 2018, the property boasts a prime location, offering excellent visibility with approximately 24,000 cars passing daily. The building features a single elevator, ample parking, and a convenient drive-up patient entrance, making it ideal for various office uses, including medical, creative, and traditional office spaces. Currently, there are several spaces available, ranging from 1,707 to 2,732 square feet, with a maximum contiguous space of 6,912 square feet. The building's attractive features include a bright entryway with floor-to-ceiling windows, ensuring natural light and a welcoming atmosphere. Its ADA accessibility further enhances its appeal. The property is zoned B and conveniently located near shopping, services, and major transportation arteries, including I-5, Hwy 18, and Hwy 167. The building's location, just one block west of Meridian on Milton Way, ensures high traffic counts and excellent exposure. With 6,609 square feet currently vacant, this presents a compelling opportunity for businesses seeking high-quality office space in a desirable location. The property's parcel number is 042004-1-042.

    Property Features for 2748 Milton Way

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,894 SF
    Total Rate
    43766.5

    Building Details

    Year Built/Renovated
    1991/2018
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 202
    Size
    2,732 SF
    Rate per SF
    $21
    Space
    Suite 240
    Size
    1,707 SF
    Rate per SF
    $21
    Space
    Suite 210
    Size
    2,473 SF
    Rate per SF
    $17

    HighLights

    • Ample on‑site parking.
    • Excellent location near Franciscan Medical Center.
    • ADA compliant building.
    • Second‑floor suites available ranging from 1,701 to 2,732 square feet.
    • 6,912 square feet of contiguous space available.
    • Lease rates: $17.00 to $21.45 per square foot, full service gross (FSG) plus $8.50 per square foot, NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Surprise Lake Professional ... Medical Center Hopkins & Associates Dentist Franciscan Medical Clinic ... Medical Clinic Chenoa A. Torklep, LMP Doctor Estrelino D Velasco ... Family Practice Physician

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Pierce
    State
    Washington
    Longitude
    -122.29684900303
    Latitude
    47.250060510728

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    FAQs

    What type of property is this?
    Office space - Milton, WA: Prime Office Space Available
    Where is this office space located?
    The property is located at 2748 Milton Way Milton, WA.
    What is the lease rate?
    The lease rate is $17-$21 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site parking.; Excellent location near Franciscan Medical Center.; ADA compliant building.
    Request Owner's contact information
    2748 Milton Way Milton, WA 98354
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    Realmo Value Estimation

    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.

    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.

    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
    2748 Milton Way Milton, WA 98354
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