2748 Milton Way Milton, WA 98354
Property Lookup
Property profile & analytics
2748 Milton Way Milton, WA 98354
- Office properties & Spaces
- 30,894 SF
- 1.60 lot acres
Property ID
US90-0316197
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.
Location Intelligence
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
- Property size
- 30,894 SF
- Zone code
- B
- Property type
- Office properties & Spaces
- APN
- 420041042
- APU
- 420041042
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
based on Realmo’s proprietary methodology
-
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
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
$47,812
$1,331,800
$3,457,200
$4,789,000
-
$1,331,800
$3,457,200
$4,789,000
