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Property profile & analytics
OFF-MARKET
Office Spaces

16515 Meridian Ave Puyallup, WA 98375

29,416 SF Built 1992
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1992
Total area 29,416 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Emily C. Fortner, DPT Physician
  • Kayla Hodges Alternative Medicine Practice Spa & Massage Center
  • Elizabeth Rogers Physician
  • Performance Home Medical Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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