8412 Myers RdBonney Lake, WA 98391

Property Details for 8412 Myers Rd

Year built

2001

Construction

WOOD FRAME

Lot size

2.13 AC

Property size (Sq ft)

16,104 SF

Zone code

C2

Property type

Office properties

Property subtype

Other office properties

APN

520325027

APU

520325027

Description

This exceptional three-story, 16,104 square foot office building presents a compelling investment opportunity. Located at 8412 Myers Rd E, Bonney Lake, WA 98391, this Class C property boasts 9 individual office/medical suites totaling 14,627 net rentable square feet. Built in 2001 and renovated in 2007, the building sits on a 2.13-acre lot and offers 48 parking spaces. The property's strategic location along Highway 410 ensures high visibility and accessibility, benefiting from significant traffic counts. Its central location serves the growing communities of Bonney Lake, Sumner, Puyallup, Lake Tapps, and Auburn. Currently operating as a multi-tenant property with a NNN lease type, this asset offers a 5.78% cap rate and a price per square foot of $232.86. The asking price is $3,750,000. The property is zoned CG, providing flexibility for future development or expansion. This presents an ideal opportunity for owner-users seeking to establish a presence in a thriving market or for investors looking for a value-add property with significant rental income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,357,782

  6.5%

  $4,022,568

  7%

  $3,735,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,318,512

  Geo Method

  $3,101,308

• Alternative Use

  Use

  Valuation

  Residential

  $4,987,984

  Hospitality

  $4,568,967

  Educational

  $3,801,327

  Medical

  $3,932,060

  Retail

  $5,913,175

Location Insight

City

Bonney Lake

County

Pierce

State

Washington

Latitude

47.18

Longitude

-122.19

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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