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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17404 Meridian Ave Puyallup, WA 98375

    • Retail properties
    • 175,873 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MoneyGram / Bank / Credit Union
    • BoosterPet Veterinary Care and Urgent Care / Veterinary Clinic
    • Additech / Gas Station
    • J&M Management / Property Management Company
    • Sky Island HOA / Association Or Organization

    Property Details for 17404 Meridian Ave

    Property size
    175,873 SF
    Property type
    Retail properties

    Description

    This exceptional retail property, totaling 175,873 square feet, presents a significant investment opportunity. Situated in Pierce County (APN 6021910013), this multi-tenant street retail center boasts a prime location off Meridian E and 176th St E, benefiting from exceptionally high traffic counts. Meridian E sees 34,352 vehicles daily, while 176th St E registers 24,248 daily cars. The property's zoning is designated as CD, and it sits on a substantial 19.15-acre lot, providing ample parking for customers and tenants. The center is anchored by a Fred Meyer, ensuring consistent foot traffic and strong visibility. This is an ideal opportunity for investors seeking a well-located, high-traffic retail center with a proven anchor tenant. The property's size and location make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. Further details regarding individual unit sizes and lease terms are available upon request. This is a rare opportunity to acquire a substantial retail property in a thriving South Hill location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.297
    Latitude
    47.0991

    Comparable in this City

    • Value Estimation by Request

      17201 Canyon Rd

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      17201 Canyon Rd, South Hill, WA 98375
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      17201 Canyon Rd

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      17201 Canyon Rd, South Hill, WA 98375
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    • Value Estimation by Request

      176th E & Cyn Rd

      Individual retail properties
      176th E & Cyn Rd, South Hill, WA 98375
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    • Value Estimation by Request
      1.04 Acres

      7919 176Th St

      Multifamily properties • 1.04 Acres
      7919 176Th St, Puyallup, WA 98375
      View Details
    • Value Estimation by Request
      1.47 Acres

      176Th St

      Retail properties • 1.47 Acres
      0 176Th St, Puyallup, WA 98375
      View Details
    • Value Estimation by Request
      504 SF

      1855 Day Is W Blvd

      VEHICLE SALES, RENTALS • 504 SF
      1855 Day Is W Blvd, Puyallup, WA 98375
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      175,873 SF

      South Hill Retail Center Investment

      Fred Meyer-anchored retail space. High traffic, ample parking.
      17404 Meridian Ave, Puyallup, WA 98375
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      Retail or Medical Space Available

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      Retail Space in Puyallup, WA

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    • $4,000 /Mo
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      Puyallup Yard Space For Lease

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      Puyallup Land for Lease

      Land available near 176th St E & Canyon Rd.
      6003 176Th St E, Puyallup, WA 98375
      View Details
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    17404 Meridian Ave
    Puyallup, 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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