Building Details

Building Size 9,690 SF

Listing Agency: Newmark Show Phone

Listed By: Thad Mallory, SIOR Show Phone

Source: Moodyscre

Added: Aug 24 Changed: Oct 16 Last Checked: Oct 19 at 4:08AM

Report an Issue

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 Newmark

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This warehouse property includes 9,690 SF of building area, with 1,920 SF allocated to office space and an additional 1,152 SF structural mezzanine. The building offers clear heights ranging from 18 feet to 22 feet and five grade-level loading doors, including three measuring 16 feet by 16 feet and two measuring 12 feet by 12 feet.

The property occupies 56,628 SF of land, equal to 1.3 AC, at 14024 131st St E in Puyallup, Washington. Electrical service includes 225A at 120/240 single phase and 300A at 480 three phase. Zoning is RIC.

Key Highlights

• 9,690 SF warehouse with 1,920 SF of office area
• 1,152 SF structural mezzanine
• Clear heights from 18’-22’

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,339

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,366,780 $2.4M

Cap Rate 7%

$1,690,557 $1.7M

Cap Rate 9%

$1,314,878 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,690 SF

Gross rent

$151.2K $15.60/SF

− Vacancy

−$11.9K −$1.23/SF

EGI

$139.2K $14.37/SF

− OpEx

−$20.9K −$2.16/SF

NOI

$118.3K $12.21/SF

Area

Pierce County, WA

Vacancy

7.90%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,366,780

Cap Rate 7%

$1,690,557

Cap Rate 9%

$1,314,878

Alternative Uses

Best Use

Warehouse

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,339 @ 7.0% cap · market cap 3.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,201 @ 7.0% cap · market cap 5.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm Restaurant Big Box & Wholesale Store Building Supply Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

5

Drive-in doors

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 98374, WA

45,367

Population

16,645

Households

2.7

Avg Household Size

37

Median Age

29%

College-Educated

94%

High-School Grad

16.4 sq mi

ZIP Area

2,766

Density / Sq Mi

$108,854

Median Household Income

$56,744

Median Earnings

$1,925

Median Rent

$491,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flex Space with Contractor Yard

6802 112th Ave E, North, Puyallup, WA 98372

$3,900,000

3.24 Acres

View details

Automotive Service Building with Storage

629 East Pioneer, Puyallup, WA 98372

Contact for pricing

7,675 SF

View details

Warehouse with Loading Docks

117 23rd Street SE, Puyallup, WA 98372

$7,995,000

39,257 SF

View details

Industrial Warehouse with Office and Yard

2510-2518 16th St NW, Puyallup, WA 98371

Contact for pricing

3,888 SF

View details

Warehouse Property for Sale

715 39th Ave SW, Puyallup, WA 98373

$3,250,000

View details

Puyallup Warehouse and Industrial Space

910 - 938 Valley Avenue NW, Puyallup, WA 98371

Contact for pricing

37,996 SF

View details

Class A Industrial Warehouse

919 N Levee Rd, Puyallup, WA 98371

Contact for pricing

65,119 SF

View details

Class A Industrial Warehouse

901 N Levee Rd, Puyallup, WA 98371

Contact for pricing

96,153 SF

View details

Single-Story Medical Office Building

10317 122ND, Unit ABCD, Puyallup, WA 98374

$2,200,000

7,800 SF

View details

Puyallup Retail Investment Opportunity

10120 128th Street E, Puyallup, WA 98373

$2,250,000

5,375 SF

View details

Puyallup Commercial Property for Sale

1111-1113 N Meridian, Puyallup, WA 98371

$3,500,000

24,700 SF

View details

Neighborhood Retail Space

16116 Meridian East, Puyallup, WA 98375

$7,300,000

View details

Similar Off Market Nearby

• Winsome Terrace Storage — 12810 109th Ave Ct E, Puyallup, WA 98374

Frequently Asked Questions

What type of property is this?

Warehouse - Industrial warehouse with office space, structural mezzanine, and multiple grade-level loading doors.

Where is this warehouse located?

The property is located at 14024 131st St E Puyallup, WA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: 9,690 SF warehouse with 1,920 SF of office area; 1,152 SF structural mezzanine; Clear heights from 18’-22’