Highway 410 Office/Medical
8412 Myers Rd E, Bonney Lake, WA 98391
Office/medical suites on 2.13 acres in growing community.
Type:Office
Property size:
16,104 SFLot size:
2.13 AcresPrice / SF:
$217/SF- Added:
- Feb 21, 2023
- Days on Market:
- 1197
- Last Refresh:
- May 19 at 8:52 pm
Property Features for 8412 Myers Rd E
General Information
- Standard status
- Active
- Size
- 16,104 SF
- Lot size
- 2.13 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agent Tom O'Brien License #WA
Listing office Pacific Commercial Brokers
Listing date Feb 21, 2023
Source Crexi
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 Pacific Commercial Brokers
HighLights
- High‑traffic location on Highway 410.
- Owner/user opportunity with future growth potential.
- Value‑add property with rental income upside.
- Central location in a growing community (Bonney Lake, Sumner, Puyallup, Lake Tapps, and Auburn).
- Contains 9 office/medical suites.
- Situated on 2.13 acres.
Overview
Lake Place Professional Plaza is located along Highway 410. The property includes 9 office/medical suites totaling 14,627 rentable square feet, situated on a 2.13-acre lot. This property is centrally located in the growing communities of Bonney Lake, Sumner, Puyallup, Lake Tapps, and Auburn. The building offers owner/user opportunity with future growth potential or as an investment property. It is a value-add property with rental income upside.
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 | $442.5k | $27.48 |
| − Vacancy | −$62.0k | −$3.85 |
| EGI | $380.6k | $23.63 |
| − OpEx | −$152.2k | −$9.45 |
| NOI | $228.3k | $14.18 |
16,104 SF · lease $27.48/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.26M
$2.85M – $3.81M
NOI $228,350 @ 7.0% cap · market cap 6.52%
Second Best
Office B
$3.26M
$2.85M – $3.80M
NOI $228,100 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$4.35M
$3.81M – $5.07M
NOI $304,466 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Lake Tapps Veterinary Hospital — 18522 Veterans Memorial Dr E Suite A, Bonney Lake, WA 98391
- Davison Susan J DVM — 18522 Sumner-Buckley Hwy E, Bonney Lake, WA 98391
Location Insight
- Map
- Local Demand
- City
- Bonney Lake
- County
- Pierce
- State
- Washington
- Longitude
- -122.1905472
- Latitude
- 47.1799663
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Office/medical suites on 2.13 acres in growing community.
Where is this medical office space located?
The property is located at 8412 Myers Rd E Bonney Lake, WA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High‑traffic location on Highway 410.; Owner/user opportunity with future growth potential.; Value‑add property with rental income upside.
