Property profile

16608 103Rd Avenue Ct Puyallup, WA 98374

OFF-MARKET
Specialty properties
1,975 SF Built 2002
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Property summary

AI-generated overview

This exceptional 1,975 sq ft airplane hangar at Thun Field in Puyallup, WA (APN 8888877720), presents a unique owner-user or investment opportunity. Built in 2002 and renovated the same year, this single-story structure boasts a 13+ ft ceiling height, a spacious interior with ample storage, and a private bathroom. The hangar features a large bi-fold door, gas heat, and individual power. Situated at 16608 103rd Ave Ct E, Puyallup, WA 98374, its convenient location offers easy access to Hwy 512 and I-5. The property includes a ground lease expiring October 31, 2051, and benefits from 24/7 security and gated access. Currently vacant, this NNN lease property is priced at $388,050 ($196.48/sq ft). The asking price reflects a strong potential for return on investment. Month-to-month lease options are available. Rent bumps are included in the lease agreement. Buyer to verify all information.

Property profile

Verified
Property type Specialty properties
Year built 2002
Total area 1,975 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16608 103Rd Avenue Ct Puyallup, WA 98374
Puyallup metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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