Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    15215 Canyon Rd E Puyallup, WA 98375

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.27 acres ready for development on Canyon Road.

    Lot size:
    2.27 Acres

    Property Features for 15215 Canyon Rd E

    General Information

    Lot size
    2.27 Acres

    We can help!

    Listing Contact
    Kristina Linkem
    Kristina Linkem
    Source: Moodyscre

    Listing Agent: Kristina Linkem

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

    Learn more

    Overview

    Prime Commercial Land on Canyon

    This 2.27-acre commercial property on Canyon Road presents an opportunity for development. The property benefits from a corner location at a fully lighted intersection with northbound traffic flow. Zoned ECOR, the site allows for a range of uses, including construction yards, truck parking, drive-throughs, warehouses, gas stations, offices, retail spaces, restaurants, car washes, and daycares. Sewer, water, and storm utilities are available on-site, and the terrain is level. The property touches a mini-storage facility with over 1,000 units. The Canyon corridor is continuing to expand and develop.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    -122.3571278
    Latitude
    47.1174822

    Nearby Similar for Sale

    • 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
    • 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
    • $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
    • $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
    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
      3704 9Th St SW, Puyallup, WA 98373
      View Details
    • Contact for pricing
      1,741 SF

      Puyallup Condo in Gated Community

      Well-maintained condo in a secure, gated 55+ community.
      10419 139Th Street Ct E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      1,182 SF

      Updated Home in 55+ Community

      Updated home in a quiet 55+ community with many amenities.
      12614 113Th Ave E, Puyallup, WA 98374
      View Details
    • Contact for pricing

      Valley Avenue Commercial Opportunity

      Commercial property with living space, workshop, and high-traffic street exposure.
      1109 Valley Ave, Puyallup, WA 98371
      View Details
    • $895,000
      6,420 SF

      Valley Ave Commercial Opportunity

      Commercial property with living space, workshop, and high-traffic exposure.
      1109 Valley Ave NW Puyallup, Puyallup, WA 98371
      View Details
    • Contact for pricing

      Puyallup Office Building Corner Lot

      Downtown office building with development potential in central business district.
      436 2Nd St, Puyallup, WA 98372
      View Details
    • $849,000

      Puyallup Office Space For Sale

      Commercial office space with detached garage and storage in Puyallup.
      2606 E Main, Puyallup, WA 98372
      View Details
    • $1,350,000

      Mixed-Use Property in Central Puyallup

      Leased mixed-use property in Puyallup's Central Business District.
      206 Meridian St, Puyallup, WA 98371
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.27 acres ready for development on Canyon Road.
    Where is this commercial land located?
    The property is located at 15215 Canyon Rd E Puyallup, WA.
    What are key features of this property?
    This property features: - High-demand location on Canyon Road with expected increasing value.; - ECOR zoning allows for a wide range of commercial uses.; - Ready-to-use 2.27-acre property with development advantages.
    (253) 405-1844 Call to check price and availability
    Request Owner's contact information
    15215 Canyon Rd E Puyallup, WA 98375
    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.
    15215 Canyon Rd E
    Puyallup, WA 98375
    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
    15215 Canyon Rd E Puyallup, WA 98375
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kristina Linkem
    Kristina Linkem
    Real Estate License ID: WA 96431
    (253) 405-1844 (253) 655-7385
    Learn more
    Google sign-in failed. Please try again or use another login method.