16515 Meridian Ave Puyallup, WA 98375
This exceptional two-story, Class B medical office building, located at 16515 Meridian Ave E in Puyallup, WA 98375, offers a prime opportunity. The 29,416 square foot building, constructed in 1992 and renovated in 1998, sits on a 2.8-acre lot and boasts over 300 feet of frontage on Meridian E, ensuring high visibility. The property features one passenger elevator and is zoned EC - South Hil (APN: 0419272046). Currently, multiple tenancies are available, with a minimum divisible space of 1,326 square feet and a maximum contiguous space of 3,354 square feet. Its location within the Sunrise area of South Hill, Puyallup, places it near significant developments, including Walmart, Fred Meyer, Sunrise Village Shopping Center, and Sunrise Clinic & Urgent Care. This well-maintained building provides a desirable setting for medical and professional practices, benefiting from its established presence in a thriving commercial area of Pierce County. The property's strategic location and ample space make it an attractive investment for businesses seeking a prominent presence in a high-traffic area. The building's features include excellent visibility, convenient access, and proximity to key amenities.
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Emily C. Fortner, DPT Physician
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Kayla Hodges Alternative Medicine Practice Spa & Massage Center
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Elizabeth Rogers Physician
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Performance Home Medical Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.