Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12704 Meridian Ave E Puyallup, WA 98373

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $6,521/Mo (calc)

    3,557 SF retail/office space in prime location for lease.

    Type:Office
    Property size:
    3,557 SF
    Added:
    Dec 3, 2025
    Days on Market:
    147
    Last Refresh:
    Apr 5 at 10:45 pm

    Property Features for 12704 Meridian Ave E

    General Information

    Standard status
    Active
    Size
    3,557 SF
    Property subtype
    Office

    Spaces For Lease

    at 12704 Meridian Ave E Contact us

    We can help!

    Listing Contact
    Sam Johnson
    Sam Johnson

    Listing agent Sam Johnson

    Listing office NAI Puget Sound Properties

    Listing date Dec 3, 2025

    Source Naiglobal

    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 NAI Puget Sound Properties

    Overview

    Puyallup Retail/Office Space Available

    This 3,557 square foot retail/office space is available for lease in Puyallup's prime retail corridor. The property benefits from its location on a signalized corner with high traffic counts of over 45,000 cars per day. It offers easy access to Highways 512 and 167, as well as Interstate 5. The space is fully heated and air conditioned.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.299
    Latitude
    47.2173

    Nearby Similar for Lease

    • $7,100/Mo

      Warehouse, Yard, and Office Space

      Warehouse with office, yard, and ample parking for lease.
      16609 110th Avenue East, Puyallup, WA 98374
      View Details
    • $63,000 SF/Yr

      Versatile Space in Arabella Park

      Mixed-use space with retail, office, and industrial options.
      13909 Meridian E, Puyallup, WA 98374
      View Details
    • $8,780/Mo

      Two-Story Office Building Near Mall

      Well-maintained office building divisible by floor near South Hill Mall.
      921 40th Ave SW, Puyallup, WA 98373
      View Details
    • $8,000/Mo

      Puyallup Office/Warehouse Flex Space

      4,800 SF office/warehouse suite in Puyallup's Arrow Business Park.
      12815 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr

      Puyallup Retail/Office Space Available

      3,557 SF retail/office space in prime location for lease.
      12704 Meridian Ave E, Puyallup, WA 98373
      View Details
    • $2,581/Mo

      Puyallup Office Suite For Rent

      Modern office suite in Evergreen Professional Center, Puyallup.
      1002 39th Ave SW, Puyallup, WA 98373
      View Details
    • $5,670/Mo

      Office Space in Arabella Park

      2,520 SF office space in Arabella Business Park.
      13909 Meridian E, Puyallup, WA 98374
      View Details
    • $4,500/Mo

      Puyallup Medical/Dental Building For Lease

      7,800 SF medical/dental building in Puyallup's South Hill area.
      10317 122nd St E, Puyallup, WA 98374
      View Details
    • $5,625/Mo

      Retail/Professional Space Near Apartments

      Commercial space in high-traffic area near new apartments.
      2902 Pioneer, Puyallup, WA 98372
      View Details
    • $24 SF/Yr

      Puyallup Commercial Space For Rent

      Versatile commercial space with excellent visibility and accessibility on Meridian.
      13819 Meridian East, Puyallup, WA 98373
      View Details
    • $825/Mo

      Retail Space on Meridian

      450 SF retail space with high traffic and parking.
      15317 Meridian E, Puyallup, WA 98374
      View Details
    • $12,000/Mo

      Retail and Professional Shop Space

      Retail and professional shop space available for lease.
      2902 Pioneer, Puyallup, WA 98372
      View Details

    FAQs

    What type of property is this?
    Office units - 3,557 SF retail/office space in prime location for lease.
    Where is this office units located?
    The property is located at 12704 Meridian Ave E Puyallup, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Excellent Meridian Ave Location in Puyallup's Prime Retail Corridor; High Traffic Count: 45,000+ Cars per day; 3,557 SF Retail/Office Space available
    (425) 586-5620
    We can help!
    Listing Contact
    Sam Johnson
    Sam Johnson
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!