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    10120 128Th St E Puyallup, WA 98373

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    For Sale
    $2,250,000

    Single tenant retail property with long-term tenant in Puyallup.

    Property size:
    5,375 SF

    Property Features for 10120 128Th St E

    General Information

    Size
    5,375 SF

    Building Details

    Year built
    1984

    Source: Dean Altaras Agent Dean Altaras

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Puyallup Retail Investment Opportunity

    This 5,375 square foot single-tenant retail property is located in Puyallup, offering a vibrant community for investors. The property is situated on a 33,401 square foot lot. The location benefits from high visibility and substantial pylon signage, with 44,000 vehicles per day on SR 161 / Meridian E. It features full access to 128th Street E and Meridian E at a signalized intersection. The property includes 21 parking stalls plus one designated handicap stall. A graveled storage yard is located on the south side of the property. The area is a strong retail trade area surrounded by national and regional tenants. A recent 5-year lease extension illustrates the tenant’s long-term commitment to this location. The property features a recent 2023 roof replacement. Nearby attractions include the Washington State Fairgrounds and the historic district. As of January 1, 2026, the CAP Rate is projected to be 6.4%.
    Location Intelligence

    Current Use by Public Records

    Aqua Quip Hot Tub Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Silk Lady

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2948924
    Latitude
    47.1398708

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    FAQs

    What type of property is this?
    Storefront property - Single tenant retail property with long-term tenant in Puyallup.
    Where is this storefront property located?
    The property is located at 10120 128Th St E Puyallup, WA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Established, long-term tenant with recent 5-year lease extension, illustrating commitment.; - High visibility location with substantial pylon signage and **44,000 vehicles per day (VPD)** on SR 161/Meridian E.; - Prime retail location in thriving Puyallup with strong retail trade area surrounded by national and regional tenants.
    (425) 586-5613
    Request Owner's contact information
    10120 128Th St E Puyallup, WA 98373
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    Puyallup, WA 98373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10120 128Th St E Puyallup, WA 98373
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