Property profile

10023 128Th St E Puyallup, WA 98373

FOR LEASE
Strip malls
Saved · see the list in your Dashboard
Property ID
US90-1704599
8,500 SF 0.95 ac Built 1990
Last sale May 2022·$3,520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A retail storefront property located at a signalized intersection along 128th St E within a suburban retail corridor. The site provides 51 on-site parking stalls for customer access and includes visibility and frontage suited for commercial signage along the main thoroughfare. Positioned to serve both pass-by and destination traffic, the property sits within a residential area experiencing increasing density and is connected to transit and commuter routes that link to the broader Tacoma/Seattle metro region.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$3.22M
Assessed land$1.57M
Assessed improvement$1.65M
Effective rate1.13%

Value estimate

· Nov 2026
$4.07M
$3.66M – $4.47M
AI approach$3.98M
Submarket $/SF estimate$4.77M
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$5k
Operating expenses−$10k
NOI · 106,390.91% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$426/SF
County average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$204 – $702

Cap rate analysis

How does the asset earn?
106,390.91%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
UV
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.2
Wholesale Shop20.0
Building Supply17.7

Location

10023 128Th St E Puyallup, WA 98373
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11601 Cyn E, Puyallup, WA 98373-4365 $2,715,000 Feb 2025 6,372 SF
13909 Meridian E, Puyallup, WA 98373-9180 $954,000 Nov 2024 7,450 SF
4121 Meridian, Puyallup, WA 98373-5974 $96,000 Nov 2023 6,180 SF
4627 Meridian, Puyallup, WA 98373-3437 $29,375,000 May 2023 14,544 SF
12623 Meridian E, Puyallup, WA 98373-3469 $3,700,000 Jan 2021 8,000 SF
4009 Meridian, Puyallup, WA 98373-3670 $3,125,000 Aug 2019 6,460 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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