Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    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
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,521 /Mo ($22 SF/Yr)

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

    Property size:
    3,557 SF
    Lot size:
    3,557 SF

    Property Features for 12704 Meridian Ave E

    General Information

    Standard status
    Active
    Size
    3,557 SF

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Kyle Sterling
    Source: Corcoran

    Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Kyle Sterling

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

    Learn more

    Overview

    Retail/Office Space in Puyallup

    This 3,557 square foot space is suitable for retail or office use. It benefits from its location on Meridian Avenue in Puyallup, a prime retail corridor. The property features ample parking and is situated on a signalized corner. Traffic counts in the area exceed 45,000 cars per day. The space is fully heated and air conditioned. It offers easy access to Highways 512 and 167, as well as Interstate 5.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -122.2985729
    Latitude
    47.2172675

    Nearby Similar for Lease

    • $0.35 SF/Yr
      24,120 SF

      Puyallup Industrial Spaces Available

      Industrial warehouse spaces and fenced yard in prime Puyallup location.
      1703 19Th Ave NW, Puyallup, WA 98371
      View Details
    • $22 SF/Yr
      3,557 SF

      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
    • $1.20 SF/Yr
      24,240 SF

      Meridian Avenue Location Available

      Excellent location in South Hill with direct lease opportunity.
      9918 162Nd Street Ct E, Puyallup, WA 98375
      View Details
    • $7,100 /Mo

      Warehouse, Yard, and Office Space

      Warehouse with office, yard, and ample parking for lease.
      16609 110Th Avenue Ct East, Puyallup, WA 98374
      View Details
    • $15 SF/Yr
      2,170 SF

      Downtown Puyallup Office Space

      Office space in downtown Puyallup suitable for various businesses.
      105 S Meridian, Puyallup, WA 98371
      View Details
    • $4,690 /Mo
      2,345 SF

      Retail Space on Canyon Road

      Retail space in active commercial corridor with highway access.
      12811 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $1,913 /Mo
      765 SF

      Puyallup Office Suite For Rent

      765 sq ft office suite in Puyallup's Evergreen Professional Center.
      1002 39Th Ave SW, Puyallup, WA 98373
      View Details
    • $8,000 /Mo
      4,800 SF

      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
    • $4,087 /Mo
      1,001 SF

      Pioneer Crossing Retail Leasing Opportunity

      New shopping center retail space for lease in Puyallup.
      716 Shaw Rd, Puyallup, WA 98372
      View Details
    • $4,779 /Mo
      4,096 SF

      Retail Space Near South Hill Mall

      Retail space in prime location near South Hill Mall.
      3850 Meridian St, Puyallup, WA 98373
      View Details
    • $5,588 /Mo
      1,916 SF

      Midtown Plaza Office Space

      Office space for lease in South Hill's Midtown Plaza.
      14201 Meridian E, Puyallup, WA 98374
      View Details
    • $800 /Mo
      192 SF

      Private Office Space For Lease

      Private office space for lease in South Hill Puyallup.
      13921 Meridian E, Puyallup, WA 98373
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,557 SF retail/office space in prime location.
    Where is this retail space 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: Over 45,000 Cars per day at Signalized Corner; - Ample Parking available for customers and staff
    (425) 586-5608
    Request Owner's contact information
    12704 Meridian Ave E Puyallup, WA 98373
    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.
    12704 Meridian Ave E
    Puyallup, WA 98373
    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
    12704 Meridian Ave E Puyallup, WA 98373
    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

    We can help!
    Listing Contact
    Kyle Sterling
    (425) 586-5608 (425) 586-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!