Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1009 Meridian E Ave Edgewood, WA 98371-1065
    Back to Search
    Property profile & analytics

    1009 Meridian E Ave, Edgewood, WA 98371-1065

    View on Map
    • Commercial real estate
    • 1,724 SF
    • 2.60 lot acres
    Off-Market
    Property ID
    US90-0623297
    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.
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    6.9%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1009 Meridian E Ave

    Year built
    1935
    Construction
    WOOD FRAME
    Lot size
    2.60 lot acres
    Zone code
    C
    Property type
    Commercial real estate
    APN
    420033140
    APU
    420033140

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 28, 2025 — Suelo Marina LLC — Deed · related $134k · Dwight Pauls
    Jul 26, 2017 — Suelo Marina LLC — Deed · related $44k · Geoffrey & Susan Hastings
    Nov 24, 2010 — State Of Wa Dept/transportation Suelo Marina LLC Quit Claim Deed · related —
    Dec 9, 2009 $945,000 State Of Wa Dept/transportation Suelo Marina LLC Quit Claim Deed · related —
    Aug 10, 2007 $750,000 Suelo Marina LLC Sessler,j & Kathleen Warranty Deed $535k · Bel Air & Briney
    — — Suelo Marina LLC — Deed Of Trust · related $441k · Timberland Bank
    — — Suelo Marina LLC — Deed Of Trust · related $44k · Geoffrey & Susan Hastings
    — — Suelo Marina LLC — Deed Of Trust · related $700k · Digiovanni Family Trust
    — — Suelo Marina LLC — Deed Of Trust · related $392k · Timberland Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $653,000
      Market price range: $179k - $654k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $835,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $735,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.293
    Latitude
    47.2477
    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
    $19,552
    $1,213,900
    $2,000
    $1,215,900
    -
    $1,213,900
    $2,000
    $1,215,900

    Comparable in this City

    • Value Estimation by Request
      2.48 Acres

      2218 Meridian E Ave

      COMMERCIAL (GENERAL)
      2218 Meridian E Ave, Edgewood, WA 98371-1009
      View Details
    • Value Estimation by Request
      1,202 SF

      1725 Meridian E Ave

      COMMERCIAL (GENERAL)
      1725 Meridian E Ave, Edgewood, WA 98371-1014
      View Details
    • Value Estimation
      $1,160,000
      3,868 SF

      105 9th SW Ave

      COMMERCIAL (GENERAL)
      105 9th SW Ave, Puyallup, WA 98371-6814
      View Details
    • Value Estimation by Request
      2.50 Acres

      3315 Meridian E Ave

      COMMERCIAL (GENERAL)
      3315 Meridian E Ave, Edgewood, WA 98371-2609
      View Details
    • Value Estimation
      $605,000
      2,148 SF

      6211 Pioneer E Way

      COMMERCIAL (GENERAL)
      6211 Pioneer E Way, Puyallup, WA 98371-4954
      View Details
    • Value Estimation by Request
      200 SF

      9315 Cyn E Rd

      COMMERCIAL (GENERAL)
      9315 Cyn E Rd, Puyallup, WA 98371-6305
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Opportunity in Downtown Puyallup

      Fire-damaged skating rink property in key location, set for redevelopment.
      1113 N Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing
      6,420 SF

      Commercial Property with Living Space

      Commercial property featuring living space, workshop, and high-traffic location.
      1109 Valley Ave NW, Puyallup, WA 98371
      View Details
    • $10,250,000
      43,164 SF

      Extended Stay Hotel For Sale

      133-key extended stay hotel in the Seattle–Tacoma metro.
      2101 Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing

      Class-A Office Space Available

      160,000 RSF of Class-A office space in Puyallup, WA.
      1015 39Th Ave SE, Puyallup, WA 98371
      View Details
    • $1,979,793
      128,937 SF

      Puyallup Land Parcel For Sale

      Large land parcel available in Puyallup, Washington.
      1700 S Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing

      Puyallup Warehouse/Flex Space Available

      8,255 SF warehouse/flex space in the Seattle Metro area.
      1019 39Th Ave SE, Puyallup, WA 98371
      View Details

    Similar Nearby for Lease

    • $2,803 /Mo
      2,170 SF

      Downtown Puyallup Office Space

      Office space in downtown Puyallup suitable for various businesses.
      105 Meridian, Puyallup, WA 98371
      View Details
    • $33,436
      37,996 SF

      Puyallup Warehouse with Office Space

      37,996 SF warehouse with 1,647 SF built-out office space.
      914 Valley Ave NW, Puyallup, WA 98371
      View Details
    • Contact for pricing
      2,170 SF

      Downtown Puyallup Office Space

      Office space in downtown Puyallup suitable for various businesses.
      105 S Meridian, Puyallup, WA 98371
      View Details
    • $2,444 /Mo
      2,172 SF

      Professional Free Standing Office Building

      Two-story office building with designer architecture and potential storage space.
      1715 Meridian Ave E, Edgewood, WA 98371
      View Details
    • $66,480
      4,432 SF

      Puyallup Retail Space For Rent

      Retail space available near Puyallup River Trail.
      621 River Rd, Puyallup, WA 98371
      View Details
    • Contact for pricing
      307,098 SF

      Puyallup Land for Lease

      Large land parcel available for lease in Puyallup, WA.
      7702 River Rd E, Puyallup, WA 98371
      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.
    1009 Meridian E Ave
    Edgewood, WA 98371-1065
    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

    Thank You for Inquiry
    1009 Meridian E Ave, Edgewood, WA, 98371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!