Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    176th E & Cyn Rd South Hill, WA 98375

    Property Lookup

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

    176th E & Cyn Rd South Hill, WA 98375

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 176th E & Cyn Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity presents two available outparcels/pads within the thriving Frederickson Town Center in South Hill, Washington. Located at the intersection of 176th St E and Canyon Rd E, this property boasts high visibility and accessibility, situated in the rapidly growing Pierce County market. The available land parcels range from approximately 1 to 1.71 acres, providing ample space for development tailored to various retail concepts. The site's strategic location ensures significant exposure to a substantial customer base. The "Multiple" tenancy designation suggests flexibility in lease terms and potential for diverse business combinations. With a 98375 zip code, this property benefits from a strong local demographic and convenient access to major transportation routes. The absence of an existing building allows for complete customization and design flexibility, enabling prospective tenants to create a space perfectly suited to their specific needs and brand identity. This is an unparalleled chance to establish a prominent retail presence in a vibrant and expanding community. Serious inquiries are encouraged to explore the possibilities of this exceptional investment opportunity. Contact us to learn more about lease terms and available space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Hill
    County
    Pierce
    State
    Washington
    Longitude
    -122.356
    Latitude
    47.0965

    Comparable in this City

    • Value Estimation by Request
      1,836 SF

      14804 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 1,836 SF
      14804 Meridian E, Puyallup, WA 98375-6625
      View Details
    • Value Estimation
      $2,280,000
      4,200 SF

      16802 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      16802 Meridian E, Puyallup, WA 98375-9050
      View Details
    • Value Estimation
      $2,320,000
      17,321 SF

      9502 176th E St

      RETAIL STORES (PERSONAL SERVICES) • 17,321 SF
      9502 176th E St, Puyallup, WA 98375-9300
      View Details
    • Value Estimation
      $510,000
      2,478 SF

      16001 56th Ave E Ct

      RETAIL STORES (PERSONAL SERVICES) • 2,478 SF
      16001 56th Ave E Ct, Puyallup, WA 98375-9021
      View Details
    • Value Estimation
      $4,575,000
      42,608 SF

      16014 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 42,608 SF
      16014 Meridian E, Puyallup, WA 98375-6226
      View Details
    • Value Estimation by Request
      1,080 SF

      14701 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      14701 Meridian E, Puyallup, WA 98375-6626
      View Details

    Similar Nearby for Sale

    • $750,000

      Corner Retail Location For Sale

      Prime corner location across from Safeway, near Canyon Road.
      5304 176Th St E, Puyallup, WA 98375
      View Details
    • $700,000
      64,033 SF

      Retail Pad Site For Sale

      64,002 SF lot suitable for restaurant or medical use.
      17513 Canyon Pkwy E, Tacoma, WA 98375
      View Details
    • $699,000
      21,344 SF

      Retail Pad Ready For Development

      Improved retail pad with approved plans for a 4,244 SF building.
      17802 Canyon Rd E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Prime Commercial Land on Canyon

      2.27 acres ready for development on Canyon Road.
      15215 Canyon Rd E, Puyallup, WA 98375
      View Details
    • $1,500,000

      Iconic Business and Property ForSale

      Unique opportunity to purchase business and property in Puyallup South
      14407 94Th Ave E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      12,605 SF

      Grocery-Anchored Retail Center For Sale

      Retail center anchored by high-performing Fred Meyer in Puyallup.
      17526 Meridian E, Puyallup, WA 98375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,430 SF

      Retail Space in Puyallup, WA

      Retail space available for lease in Puyallup, Washington.
      17528-17530 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      9,900 SF

      Retail or Medical Space Available

      4,800 SF retail or medical space for lease.
      16511 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Retail Space Near Fred Meyer

      Retail space anchored by Fred Meyer with high traffic counts.
      17404 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Frederickson, Washington.
      176th E & Cyn Rd E, Puyallup, WA 98375
      View Details
    • $2,860 /Mo
      1,430 SF

      Retail Space in Fred Meyer Center

      Retail space for lease in a shopping center.
      17528 Meridian E, Puyallup, WA 98375
      View Details
    • $4,000 /Mo

      Puyallup Yard Space For Lease

      Fenced and secured yard space in a convenient location.
      17420 66Th Avenue Ct East, Puyallup, WA 98375
      View Details
    Request Owner's contact information
    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.
    176th E & Cyn Rd
    South Hill, 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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!