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    Property profile & analytics

    4301 Meridian Puyallup, WA 98373

    • Strip malls
    • 51,543 SF
    • 3.94 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    $1,490,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1628828
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northwest Fitness Company / Fitness Center
    • Liberation Hair By Lani / Hair Salon
    • Copal Aesthetics / Cosmetics Industry
    • Hairy odd mother / Beauty Salon
    • Dulce Lash Lounge (Puyallup) / Eyelash Salon

    Property Details for 4301 Meridian

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.94 lot acres
    Property size
    51,543 SF
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    419102074
    APU
    419102074

    Description

    Meridian Place, located at 4301 S Meridian in Puyallup, WA 98373, offers a unique investment opportunity. This two-building complex, totaling 56,061 square feet, sits on a 171,626 square foot lot at the hard corner of 43rd Ave SE and S. Meridian. Built in 1979 and renovated in 2004, the property features a single-story design and offers multiple tenancy options. The largest contiguous space available is 8,800 square feet, with a smaller space of 2,580 square feet also available. The property boasts a prime location in the South Hill submarket, less than half a mile from South Hill Mall, ensuring high visibility and foot traffic. Strong existing tenants include Sola Salons, Iron Chef Japanese Hibachi, The Rock Pizza, Super Supplements, and Muscle Makers Grill, creating a vibrant and successful retail environment. The property's location near the Mel Forum Family YMCA further enhances its appeal. Property taxes are $5.09 per square foot. The APN is 0419102074. This is the last remaining space in this well-established center. The property is classified as Retail, Restaurant, and Office, with a Creative Office subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,490,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.292
    Latitude
    47.1506
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $128,531
    $3,460,200
    $9,775,300
    $13,235,500
    -
    $3,460,200
    $9,775,300
    $13,235,500

    Comparable in this City

    • Value Estimation
      $630,000
      9,250 SF

      14312 Meridian E

      SHOPPING CENTER, STRIP CENTER • 9,250 SF
      14312 Meridian E, Puyallup, WA 98373-5624
      View Details
    • Value Estimation
      $490,000
      4,500 SF

      3803 Meridian

      SHOPPING CENTER, STRIP CENTER • 4,500 SF
      3803 Meridian, Puyallup, WA 98373-3711
      View Details
    • Value Estimation
      $950,000
      30,416 SF

      12815 Cyn E Rd

      SHOPPING CENTER, STRIP CENTER • 30,416 SF
      12815 Cyn E Rd, Puyallup, WA 98373-5786
      View Details
    • Value Estimation
      $615,000
      8,400 SF

      11416 Cyn E Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      11416 Cyn E Rd, Puyallup, WA 98373-3205
      View Details
    • Value Estimation
      $590,000
      6,460 SF

      4009 Meridian

      SHOPPING CENTER, STRIP CENTER • 6,460 SF
      4009 Meridian, Puyallup, WA 98373-3670
      View Details
    • Value Estimation
      $945,000
      7,450 SF

      13909 Meridian E

      SHOPPING CENTER, STRIP CENTER • 7,450 SF
      13909 Meridian E, Puyallup, WA 98373-9180
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
      3704 9Th St SW, Puyallup, WA 98373
      View Details
    • $1,900,000
      10,586 SF

      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with fenced yard and retail exposure.
      5722 112Th St SE, Puyallup, WA 98373
      View Details
    • $2,250,000
      5,375 SF

      Puyallup Retail Investment Opportunity

      Single tenant retail property with long-term tenant in Puyallup.
      10120 128Th St E, Puyallup, WA 98373
      View Details
    • $799,000

      Auto Sales/Shop/Repair Investment Opportunity

      Commercial property in high-traffic location suitable for various business uses.
      14001 Meridian Ave, Puyallup, WA 98373
      View Details
    • $2,250,000
      5,375 SF

      Puyallup Retail Building For Sale

      5,375 SF building on 33,401 SF lot in Puyallup, WA.
      10120 128Th Street Ct E, Puyallup, WA 98373
      View Details
    • $1,700,000

      Land For Sale Puyallup

      Land available for purchase in Puyallup, Washington.
      13415 Canyon Rd E, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      15,134 SF

      Meridian Square Retail Center

      Puyallup retail space for lease.
      11904 Meridian, Puyallup, WA 98373
      View Details
    • Contact for pricing
      46,903 SF

      Puyallup Retail Center Opportunity

      Prime Retail Space, Multiple Units Available
      4423-4621 Meridian, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      2,580 SF

      Retail Space in South Hill Center

      2,580 SF retail space with high visibility and traffic.
      4301-4307 S Meridian, Puyallup, WA 98373
      View Details
    • $35 SF/Yr
      2,000 SF

      Prime Retail Space in Puyallup

      Retail space in the heart of South Hill Puyallup.
      3705-3829 S Meridian, Puyallup, WA 98373
      View Details
    • Contact for pricing
      16,324 SF

      Retail Space in Puyallup

      Retail property available for lease in Puyallup, Washington.
      4417-4627 S Meridian, Puyallup, WA 98373
      View Details
    • $22 SF/Yr
      56,061 SF

      Meridian Place Creative Office Space

      Puyallup, WA: Retail & Office Opportunity
      4301 Meridian, Puyallup, WA 98373
      View Details
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    Puyallup, WA 98373
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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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