Property profile

208 17th SE Ave Puyallup, WA 98372

OFF-MARKET
Medical Office Space
Property ID
US90-1551813
5,097 SF 0.56 ac lot Built 2010
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office building, located at 208 17th Ave SE in Puyallup, WA 98371, offers a prime opportunity for healthcare professionals. The Class B building, constructed in 2010, boasts a total of 5,097 square feet across two stories, situated on a 0.56-acre lot. Currently, there are two available suites, each ranging from 1,082 to 1,168 contiguous square feet, with a total of 2,250 square feet of vacant space. The building is zoned MED, ideal for medical practices. The property features a multi-tenant occupancy and provides convenient access for patients and staff. The minimum divisible space is 1,082 square feet, offering flexibility for various practice sizes. This is an excellent opportunity to establish or expand your medical practice in a thriving Puyallup community. The building's single structure and convenient location within Pierce County make it an attractive option for healthcare providers seeking a well-maintained and strategically located office space. Interested parties should inquire about lease terms and availability.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2010
Construction FRAME
Total area 5,097 SF
Lot 0.56 ac (24,300 SF)
Zoning code MED
APN 7790000130
UPID US90-1551813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic Hospital
  • Physician
  • Physician
  • Physician

Location

208 17th SE Ave Puyallup, WA 98372-4515
Puyallup metro Census 73405 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.28M

Owner & transaction history

since 2010
6 recorded transactions
2022
Price N/A
2010
$45,000
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MED · Puyallup, WA
Zoning description

Permitted uses - MED zone. § 20.43.015 Conditionally permitted uses - MED zone. § 20.43.020 Property development standards - MED zone. § 20.43.025 Residential uses. § 20.43.030 Design review standards. § 20.43.035 Requir…

General category UNKNOWN
Top alternative use upside
Auto repair, garage $2.0M +40.5%
Retail stores $1.6M +13.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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