Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Puyallup Corner Land for Sale Title is generated by Realmo AI

    0 37 Ave SE & 3rd Street SE, Puyallup, WA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Corner land parcel in Puyallup suitable for multifamily development.

    Type:LAND
    Lot size:
    8.90 Acres
    Added:
    Oct 31, 2022
    Days on Market:
    1316
    Last Refresh:
    May 19 at 9:36 pm

    Property Features for 0 37 Ave SE & 3rd Street SE

    General Information

    Standard status
    Active
    Lot size
    8.90 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Arvin Vander Veen

    Listing agent Arvin Vander Veen

    Listing office Colliers International WA, LLC

    Listing date Oct 31, 2022

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers International WA, LLC

    HighLights

    • High intensity development potential with approximately 15,000 SF of buildable land.
    • Moderate intensity development potential with approximately 35,000 SF of buildable land.
    • High traffic count of 20,000+ cars per day on 37th Ave SE.
    • Located on a corner lot at 37th Ave SE & 3rd Street SE.
    • Multifamily site designation.
    • Located at the NW corner of an 8.9‑acre parcel.

    Overview

    This corner land parcel is located at the southeast corner of 37th Avenue SE and 3rd Street SE, which is also the northwest corner of the 8.9-acre site. The property is intended for multifamily use. The site offers potential for development, with approximately 15,000 square feet of buildable land under high-intensity development and approximately 35,000 square feet of buildable land under moderate development. The traffic count on 37th Avenue SE is over 20,000 cars per day. Please note that drive-throughs are not permitted.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.297
    Latitude
    47.1915

    Nearby Similar for Sale

    • $2,250,000
      5,375 SF

      Puyallup Single Tenant Investment Property

      Single tenant investment property in Puyallup with long-term tenant.
      10120 128th Street E, Puyallup, WA 98373
      View Details
    • $2,250,000
      5,375 SF

      Puyallup Retail Building For Sale

      5,375 SF building on 33,401 SF lot in Puyallup, WA.
      10120 128th St Ct E, Puyallup, WA
      View Details
    • $350,000

      Puyallup Vacant Land For Sale

      3.2 acres of residential land suitable for two homes.
      0 59th Ave E, Puyallup, WA 98371
      View Details
    • $1,950,000
      5,200 SF

      South Hill Investment Property

      Multi-tenant building with long-term tenants in South Hill.
      10202 149th Street East, Puyallup, WA 98374
      View Details
    • $515,000
      3,368 SF

      Charming 1920s Home/Office Opportunity

      1920s home rezoned for business in Puyallup's Central Business District.
      413 2nd St NE, Puyallup, WA 98372
      View Details
    • $1,995,000
      6,003 SF

      Turn-Key Commercial Building in Puyallup

      6,003 SF commercial building with mezzanine, high visibility, ample parking.
      427 E Main, Puyallup, WA
      View Details
    • $679,000
      1,843 SF

      Puyallup Office Space For Sale

      Commercial office space with detached garage and storage in Puyallup.
      2606 E Main, Puyallup, WA 98372
      View Details
    • $2,250,000
      5,375 SF

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
      10120 128th St Ct E, Puyallup, WA 98373
      View Details
    • $23
      160,000 SF

      Class-A Office Space Available

      160,000 RSF of Class-A office space in Puyallup, WA.
      1015 & 1019 39th Avenue SE, Puyallup, WA 98371
      View Details
    • $2,200,000
      7,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building for sale in Puyallup.
      10317 122nd St E, Puyallup, WA
      View Details
    • $0.90
      8,255 SF

      Warehouse/Flex Space in Puyallup

      8,255 SF warehouse/flex space available September 1, 2025.
      1019 39th Avenue SE, Puyallup, WA 98371
      View Details
    • $425,000
      1,896 SF

      Puyallup Office Building For Sale

      1,896 SF building on 22,826 SF parcel in Puyallup.
      8522 128th Street East, Puyallup, WA, 98373
      View Details

    FAQs

    What type of property is this?
    Land - Corner land parcel in Puyallup suitable for multifamily development.
    Where is this land located?
    The property is located at 0 37 Ave SE & 3rd Street SE Puyallup, WA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High intensity development potential with approximately 15,000 SF of buildable land.; Moderate intensity development potential with approximately 35,000 SF of buildable land.; High traffic count of 20,000+ cars per day on 37th Ave SE.
    (206) 654-0521 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Arvin Vander Veen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 37 Ave SE & 3rd Street SE, Puyallup, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!