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

    1414 2Nd St SE Puyallup, WA 98372

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    Land with duplex near Good Samaritan Hospital, development opportunity.

    Property Features for 1414 2Nd St SE

    General Information

    Standard status
    Active

    Building Details

    Year built
    1924

    We can help!

    Listing Contact
    Jerome O'Leary
    Jerome O'Leary
    Source: Corcoran

    Listing Agency: KIDDER MATHEWS Listing Agent: Jerome O'Leary

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

    Learn more

    Overview

    Puyallup Land with Income Potential

    This offering features multiple parcels for sale near Good Samaritan Hospital in Puyallup. The property includes an existing duplex that generates income. This presents a development opportunity. The seller has conceptual drawings illustrating potential building options.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2925789
    Latitude
    47.1781952

    Nearby Similar for Sale

    • $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
    • $679,000

      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

      Puyallup Single Tenant Investment Property

      Single tenant investment property in Puyallup with long-term tenant.
      10120 128Th St E, Puyallup, WA 98373
      View Details
    • $2,250,000

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
      10120 128Th Street Ct E, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Class-A Office Space Available

      160,000 RSF of Class-A office space in Puyallup, WA.
      1015 39Th Ave SE, Puyallup, WA 98371
      View Details
    • New
      $1,650,000
      5,268 SF

      Two-Story Building Near South Hill

      Well-maintained building near South Hill Mall, Puyallup, WA.
      921 40 Ave SW, Puyallup, WA 98373
      View Details
    • $690,000

      Puyallup Office Space For Sale

      Commercial office space with detached garage and storage in Puyallup.
      2606 E Main, Puyallup, WA 98372
      View Details
    • $7,520,000

      Grocery-Anchored Retail Center For Sale

      Retail center anchored by high-performing Fred Meyer in Puyallup.
      17526 Meridian Ave E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Warehouse/Flex Space in Puyallup

      8,255 SF warehouse/flex space available September 1, 2025.
      1019 39Th Ave SE, Puyallup, WA 98371
      View Details
    • $2,250,000

      Puyallup Retail Investment Opportunity

      Single tenant retail property with long-term tenant in Puyallup.
      10120 128Th St E, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Class-A Office Space Available

      Class-A office space in Puyallup, WA with modern amenities.
      1015 39Th Ave SE, Puyallup, WA 98371
      View Details
    • $2,200,000
      7,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building in Puyallup's South Hill.
      10317 122Nd St E, Puyallup, WA 98374
      View Details

    FAQs

    What type of property is this?
    Duplex - Land with duplex near Good Samaritan Hospital, development opportunity.
    Where is this duplex located?
    The property is located at 1414 2Nd St SE Puyallup, WA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime location near Good Samaritan Hospital in Puyallup; - Income-generating existing duplex on the property; - Great development opportunity
    Request Owner's contact information
    1414 2Nd St SE Puyallup, WA 98372
    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.
    1414 2Nd St SE
    Puyallup, WA 98372
    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
    1414 2Nd St SE Puyallup, WA 98372
    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
    Jerome O'Leary
    Jerome O'Leary
    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!