Financial
Distress signals
Property profile

1015 39Th Ave SE Puyallup, WA 98371

FOR SALE
Other office properties
Property ID
US90-2810576
184,900 SF 9.62 ac lot Built 1985
Last sale Aug 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a contiguous office building offering up to 104,438 rentable square feet in the South Building, with space that can be divided down to 12,553 rentable square feet. It features building infrastructure and HVAC systems that were upgraded to meet the latest code requirements, and it has received a Seismic Design Category IV upgrade. The office spaces have large, flexible floor plates with high ceilings and are configured to support custom build-outs, while the lobby was renovated

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$231k
Tax billed · 2024
Assessed value$22.56M
Assessed land$1.60M
Assessed improvement$20.96M
Effective rate1.03%

Value estimate

· Sep 2026
$29.69M
$26.72M – $32.65M
CAP approach$33.80M
Sales comparison$35.25M
NOI build-up
Gross scheduled income$3.51M
Vacancy & credit loss−$492k
Operating expenses−$755k
NOI · 9,853,356.52% cap applied$2.27M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$372/SF
Submarket average, outlier-cleaned · 80 recorded sales of this use type
Observed band · Q1–Q3$191 – $640

Cap rate analysis

How does the asset earn?
9,853,356.52%
$2.27M estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 Firm22.6
Building Supply22.1
Auto Parts Store18.9

Location

1015 39Th Ave SE Puyallup, WA 98371
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog · not on file

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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