Property profile

11216 Sunrise Blvd E Puyallup, WA 98374

FOR LEASE
Medical Office Space
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Property ID
US90-2759409
45,495 SF 3.57 ac Built 2008
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
11216 Sunrise Blvd E, Puyallup, WA 98374 For Lease
$9,810,000 992 SF available
11216 Sunrise Blvd E, Puyallup, WA 98374
View Listing

Property summary

AI-generated overview

This Class A medical office campus is situated on approximately 17 acres of landscaped grounds with lawns, gardens, and fountains. The campus comprises three office buildings with large double-paned windows and natural wood-framed glass storefront entry doors. Exterior features include a courtyard, water fountains, and views of Mt. Rainier. The property is supported by on-site management and staff for engineering, landscaping, and security. Parking is provided on-site at a ratio of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$150k
Tax billed · 2024
Assessed value$14.36M
Assessed land$1.99M
Assessed improvement$12.37M
Effective rate1.05%

Value estimate

· Nov 2026
$9.81M
$8.83M – $10.79M
CAP approach$9.93M
Submarket $/SF estimate$13.38M
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 526,254.68% cap applied$14k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$275/SF
County average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$173 – $395

Cap rate analysis

How does the asset earn?
526,254.68%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.5
Building Supply14.5
Realty agency13.5

Location

11216 Sunrise Blvd E Puyallup, WA 98374
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3908 10th SE, Puyallup, WA 98374-2188 $6,479,700 Aug 2024 11,348 SF
3912 10th SE, Puyallup, WA 98374-2188 $6,479,700 Aug 2024 5,500 SF
3801 5th SE, Puyallup, WA 98374-2106 $24,452,000 Jul 2021 31,919 SF
3909 10th SE, Puyallup, WA 98374-2189 $1,000,000 Oct 2020 4,371 SF
4202 10th SE, Puyallup, WA 98374-2191 $1,225,000 Jan 2019 2,906 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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