2748 Milton Way, Milton, WA 98354
- Office Spaces
- 30,894 SF
- 1.60 lot acres
Current Use by Public Records
- Surprise Lake Professional Medical Center / Medical Clinic
- Hopkins & Associates / Dental Office
- Franciscan Medical Clinic - Milton / Medical Clinic
- Chenoa A. Torklep, LMP / Physician
- Estrelino D Velasco Jr., MD / Pediatrician / Physician
Property Details for 2748 Milton Way
- Year built
- 1991
- Construction
- STEEL FRAME
- Lot size
- 1.60 lot acres
- Zone code
- B
- Property type
- Office Spaces
- APN
- 420041042
- APU
- 420041042
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 19, 2007 | — | Surprise Lake Prof Ctr LLC | Moore,william B | Quit Claim Deed · related | — |
| May 24, 1994 | $1,050,000 | Surprise Lake Professional Ctr | Us Bank Of Washi | Grant Deed | $735k · Centrum Financial Services INC |
| Jan 12, 1990 | $385,000 | Us Bank Of Wa Natl Assoc | Unknown | Quit Claim Deed · related | — |
| — | — | Surprise Lake Professional Cen | — | Deed Of Trust · related | $1.6M · Bank Of The West |
| — | — | Lake Professional Cen Surprise | — | Deed Of Trust · related | $1.8M · United Security Bank |
| — | — | Surprise Lake Professional Ctr | — | Deed Of Trust · related | $1.5M · Washington State Bank |
| — | — | Lake Professional Cen Surprise | — | Deed Of Trust · related | $250k · Washington State Bank |
Description
This exceptional two-story, 30,894 square foot office building, situated on a sprawling 69,735-acre lot at 2748 Milton Way, Milton, WA 98354, presents a unique investment opportunity. Built in 1991 and extensively renovated in 2018, the property boasts a prime location, offering excellent visibility with approximately 24,000 cars passing daily. The building features a single elevator, ample parking, and a convenient drive-up patient entrance, making it ideal for various office uses, including medical, creative, and traditional office spaces. Currently, there are several spaces available, ranging from 1,707 to 2,732 square feet, with a maximum contiguous space of 6,912 square feet. The building's attractive features include a bright entryway with floor-to-ceiling windows, ensuring natural light and a welcoming atmosphere. Its ADA accessibility further enhances its appeal. The property is zoned B and conveniently located near shopping, services, and major transportation arteries, including I-5, Hwy 18, and Hwy 167. The building's location, just one block west of Meridian on Milton Way, ensures high traffic counts and excellent exposure. With 6,609 square feet currently vacant, this presents a compelling opportunity for businesses seeking high-quality office space in a desirable location. The property's parcel number is 042004-1-042.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,115,000
- 6.5%
- $5,645,000
- 7%
- $5,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,461,000
- AI Estimate
- $3,466,000
Market price range: $5.31M - $19.1MMarket price range: $1.96M - $8.01M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $8,480,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Milton
- County
- Pierce
- State
- Washington
- Longitude
- -122.297
- Latitude
- 47.2506
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
