Flex Space with Fenced
For Sale
Contact for pricing
5914 144th St E, Puyallup, WA 98375
Concrete block construction, office space, a shop area and gated outdoor storage support a compact commercial operation.
Property Size1,200 SF
Price / SF$290.83
Days on Market13
Property Features for 5914 144th St E
General Information
Standard status
Active
Size
1,200 SF
Property subtype
INDUSTRIAL
Zoning
PC Mid-County Community Plan, Urban Corridor
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Property Use
Warehouse
Building Details
Buildings
1
Building Size
1,200 SF
Construction
concrete block
Listing Agency:
NWC - KV LLC
(253) 779-8400
Listed By:
Bruce Valentine · License #FA.100041477
(253) 779-2400
Source:
Moodyscre
Added: Oct 12
Changed: Oct 23
Last Checked: Oct 23 at 5:14PM
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 NWC - KV LLC
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Investment Insights
Based on property information with market context.
This flex property contains a 1,200-square-foot concrete block building with two offices, one bathroom and a shop/warehouse area. A rear carport adds covered space, while the fenced and gated yard provides approximately 11,000 square feet of outdoor area.
The property is at 5914 144th St E in Puyallup, just off Canyon Road. Its zoning is PC Mid-County Community Plan, Urban Corridor, with multiple permitted uses.
The property is at 5914 144th St E in Puyallup, just off Canyon Road. Its zoning is PC Mid-County Community Plan, Urban Corridor, with multiple permitted uses.
Key Highlights
- 1,200‑square‑foot concrete block building
- Two offices and one bathroom
- Shop/warehouse area with rear carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,655
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,100
$293.1K
Cap Rate 7%
$209,357
$209.4K
Cap Rate 9%
$162,833
$162.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.7K $15.60/SF
− Vacancy
−$1.5K −$1.23/SF
EGI
$17.2K $14.37/SF
− OpEx
−$2.6K −$2.16/SF
NOI
$14.7K $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%
$293,100
Cap Rate 7%
$209,357
Cap Rate 9%
$162,833
Alternative Uses
Best Use
Warehouse
$209.4K
$183.2K – $244.3K
NOI $14,655 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$172.4K
$150.9K – $201.2K
NOI $12,069 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$324.1K
$283.6K – $378.1K
NOI $22,687 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98375, WA
33,316
Population
10,761
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
3,435
Density / Sq Mi
$109,972
Median Household Income
$54,668
Median Earnings
$2,140
Median Rent
$471,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Concrete block construction, office space, a shop area and gated outdoor storage support a compact commercial operation.
Where is this flex space located?
The property is located at 5914 144th St E Puyallup, WA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,200‑square‑foot concrete block building; Two offices and one bathroom; Shop/warehouse area with rear carport
