Add Listing
    For Sale
    • 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

    436 2Nd St NE Puyallup, WA 98372

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building in central business district with development potential.

    Lot size:
    0.25 Acres

    Property Features for 436 2Nd St NE

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Robert Labrash
    Source: Corcoran

    Listing Agency: BETTER PROPERTIES SUMMIT Listing Agent: Robert Labrash

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

    Learn more

    Overview

    Downtown Puyallup Corner Lot Office

    Located in downtown Puyallup, this office building benefits from central business district zoning. Situated on a desirable corner lot across from War Memorial Park, the location provides signage visibility for northbound traffic on 2nd Street NE and southbound traffic on Meridian. The existing office building has 4272 square feet, with approximately 3000 square feet on the street level floor. The basement floor is accessible via an interior stairway and a separate exterior stairway. There are 14 parking spaces along the south side of the building, accessed by a dedicated alley off of 5th Avenue, as well as street parking on 5th Avenue. Future development possibilities on this site could include construction up to six or seven stories after the proposed New Growth Management Act is approved and implemented.
    Location Intelligence

    Current Use by Public Records

    Nationwide Insurance: A&R ... Insurance Agency Lee LaBrash Real ... Real Estate Agency Fleet Safety Consultants ... Training Center Lori Deitt Real Estate Agency Fran Parker, Lee ... Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2927046
    Latitude
    47.195265

    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
    • $2,250,000
      5,375 SF

      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
      7,675 SF

      Puyallup Automotive Repair & Storage

      Former automotive shop with storage, near downtown and Highway 512.
      629 East Pioneer, Puyallup, WA 98372
      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
      160,000 SF

      Class-A Office Space Available

      Class-A office space in Puyallup, WA with modern amenities.
      1015 39Th Ave SE, Puyallup, WA 98371
      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
    • $1,200,000
      3,900 SF

      Medical Office Ready to Suite

      Functional medical office space available for sale in Puyallup.
      2728 Main, Puyallup, WA 98372
      View Details
    • Contact for pricing
      25,366 SF

      Puyallup Industrial Space Available

      Industrial space with office, dock doors, and clear height.
      5508 128Th St E, Puyallup, WA 98373
      View Details
    • $750,000
      2,450 SF

      Leased Mixed-Use Property in Puyallup

      Fully leased commercial building and remodeled duplex near downtown Puyallup.
      1210 E Main, Puyallup, WA 98371
      View Details
    • Contact for pricing
      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 98371
      View Details
    • Contact for pricing
      48,098 SF

      Puyallup Warehouse Space Available

      Industrial warehouse space for sale in Puyallup, Washington.
      910 Valley Ave NW, Puyallup, WA 98371
      View Details
    • Contact for pricing
      160,000 SF

      Puyallup Warehouse/Flex Space Available

      8,255 SF warehouse/flex space in the Seattle Metro area.
      1019 39Th Ave SE, Puyallup, WA 98371
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in central business district with development potential.
    Where is this office building located?
    The property is located at 436 2Nd St NE Puyallup, WA.
    What are key features of this property?
    This property features: - Prime corner lot location in downtown Puyallup's central business district.; - High signage visibility to North and South bound traffic.; - Potential for future development up to 6-7 stories (subject to new growth management act).
    (253) 537-7653
    Request Owner's contact information
    436 2Nd St NE 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.
    436 2Nd St NE
    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
    436 2Nd St NE 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
    Robert Labrash
    (253) 537-7653
    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!