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    Property profile & analytics

    10317 122Nd St E Puyallup, WA 98374

    • Medical Office Space
    • 7,814 SF
    • 1.07 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1335390
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Varun Sharma, DMD / Dental Office
    • NSDA-Puyallup / Dental Office / Vocational School
    • school of dental assisting puyallup / High School / Vocational School
    • Miracle-Ear Hearing Aid Center / Hearing Aid Store / Hearing Aid Repair Service
    • Novel Orthodontics Billing Office / Dental Office

    Property Details for 10317 122Nd St E

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.07 lot acres
    Property size
    7,814 SF
    Zone code
    CC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    419107053
    APU
    419107053

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,484,000
      Market price range: $1.35M - $3.09M
      AI Estimate
      $679,000
      Market price range: $613k - $1.55M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.292
    Latitude
    47.1459
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,575
    $1,165,000
    $429,000
    $1,594,000
    -
    $1,165,000
    $429,000
    $1,594,000

    Comparable in this City

    • Value Estimation
      $635,000
      2,906 SF

      4202 10th SE St

      MEDICAL BUILDING • 2,906 SF
      4202 10th SE St, Puyallup, WA 98374-2191
      View Details
    • Value Estimation
      $1,555,000
      9,549 SF

      104 27th SE Ave

      MEDICAL BUILDING • 9,549 SF
      104 27th SE Ave, Puyallup, WA 98374-1145
      View Details
    • Value Estimation
      $9,810,000
      45,495 SF

      11216 Sunrise Blvd E Ste 3-101

      MEDICAL BUILDING • 45,495 SF
      11216 Sunrise Blvd E Ste 3-101, Puyallup, WA 98374-8848
      View Details
    • Value Estimation by Request
      5,500 SF

      3912 10th SE St

      MEDICAL BUILDING • 5,500 SF
      3912 10th SE St, Puyallup, WA 98374-2188
      View Details
    • Value Estimation
      $1,450,000
      10,008 SF

      10217 125th St E Ct

      MEDICAL BUILDING • 10,008 SF
      10217 125th St E Ct, Puyallup, WA 98374-2761
      View Details
    • Value Estimation by Request
      2,492 SF

      10211 144th E St

      MEDICAL BUILDING • 2,492 SF
      10211 144th E St, Puyallup, WA 98374-4955
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South Hill Medical/Dental Building

      7,800 sq ft medical/dental building for sale or lease.
      10317 122Nd St E, Puyallup, WA 98374
      View Details
    • $2,200,000
      7,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building in Puyallup's South Hill.
      10317 122Nd St E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      3,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building for sale in Puyallup.
      10317 122Nd St E, Puyallup, WA 98374
      View Details
    • $2,090,000

      Prime Commercial Land Opportunity

      High-visibility commercial land suitable for retail, medical, industrial, or contractor's yard.
      15424 110Th Ave E, Puyallup, WA 98374
      View Details
    • Contact for pricing

      9.1 Acre Industrial Land

      9.1 acres of industrial land suitable for development.
      16205 110Th Avenue Ct East, Puyallup, WA 98374
      View Details
    • Contact for pricing

      Puyallup Townhome Development Opportunity

      12 townhomes in Puyallup, awaiting final plat approval.
      113 27Th Ave SE, Puyallup, WA 98374
      View Details

    Similar Nearby for Lease

    • $5,670 /Mo
      2,520 SF

      Office Space in Arabella Park

      2,520 SF office space in Arabella Business Park.
      13909 Meridian E, Puyallup, WA 98374
      View Details
    • $4,500 /Mo
      3,000 SF

      Puyallup Medical/Dental Building For Lease

      7,800 SF medical/dental building in Puyallup's South Hill area.
      10317 122Nd St E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      1,119 SF

      Class A Medical Office Space

      Well-landscaped medical office campus with on-site management and ample parking.
      11216 Sunrise Blvd E, Puyallup, WA 98374
      View Details
    • $7,430 /Mo
      8,255 SF

      Puyallup Warehouse with Office Space

      Warehouse with office space available September 1, 2025.
      1019 39Th Ave SE, Puyallup, WA 98374
      View Details
    • $213,228
      104,438 SF

      Newly Constructed Office Space Available

      Brand new office space with modern infrastructure and structural safety.
      1015 39Th Ave SE, Puyallup, WA 98374
      View Details
    • $800 /Mo
      192 SF

      Private Office Space For Lease

      Private office space for lease in South Hill Puyallup.
      13921 Meridian E, Puyallup, WA 98374
      View Details
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    Puyallup, WA 98374
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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