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    16816 Cyn Rd Tacoma, WA 98375

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    16816 Cyn Rd Tacoma, WA 98375

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    • Land
    • 2.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 16816 Cyn Rd

    Lot size
    2.03 lot acres
    Property type
    Land

    Description

    This exceptional 2.03-acre commercial land parcel presents a rare development opportunity in Puyallup, Washington. Strategically located on busy Canyon Road East at 16816 Canyon Rd E, this property boasts unparalleled visibility and convenient access for businesses. The land is zoned for Employment Corridor use, offering flexibility for a wide range of commercial ventures. Its prime location within the Mid County Community Plan ensures future growth potential. The property's address is 16816 Canyon Rd E, Puyallup, WA 98375, with APN numbers 0319124107 and 0319124014. The Canyon Road corridor is a vital transportation link in Pierce County, connecting the thriving Frederickson industrial area and the Port of Tacoma, benefiting from recent infrastructure improvements designed to enhance connectivity to Interstate 5 and accommodate future expansion. This high-traffic area guarantees significant exposure for any business established here. Currently, a residential structure is on the property, providing potential interim income during redevelopment. This presents a unique opportunity to acquire a well-positioned commercial lot with immediate income potential and significant long-term growth prospects. The asking price for this remarkable property is $2,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.358
    Latitude
    47.1021

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      1.14 Acres

      15415 Meridian E

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    Similar Nearby for Sale

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      45,479 SF

      Puyallup Land Parcel For Sale

      Land parcel available in Puyallup, Washington.
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      Permit-Ready Land on Canyon Road

      2.28 acres, fully entitled, permit-ready land at signalized intersection.
      5425 144Th St E, Puyallup, WA 98375
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      Corner Retail Location For Sale

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      Prime Commercial Land on Canyon

      2.27 acres ready for development on Canyon Road.
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      Prime Commercial Land on Canyon

      2.27 acres ready for development on Canyon Road.
      15215 Canyon Rd E, Puyallup, WA 98375
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      Retail Pad Ready For Development

      Improved retail pad with approved plans for a 4,244 SF building.
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    Similar Nearby for Lease

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      78,408 SF

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      Land with small house and 1,200 SF shop.
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      Puyallup Yard Space For Lease

      Fenced and secured yard space in a convenient location.
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      Puyallup Land for Lease

      Land available near 176th St E & Canyon Rd.
      6003 176Th St E, Puyallup, WA 98375
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      Puyallup Yard Space For Lease

      Leasable yard space in a convenient Puyallup location.
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    • $4,500 /Mo
      21,780 SF

      Puyallup Freestanding NNN Property

      Freestanding 3,998 SF NNN property on 1.67 acres.
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    • $4,000 /Mo
      20,000 SF

      Secured Yard Space For Rent

      20,000 SF fenced yard space available for lease.
      17420 66Th Avenue Ct E, Puyallup, WA 98375
      View Details
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    16816 Cyn Rd
    Tacoma, WA 98375
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    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
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