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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Medical Office Space
104 27th SE Ave Puyallup, WA 98374-1145
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1187583
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
WOOD FRAME
Total area
9,549 SF
Lot
0.93 ac (40,579 SF)
Zoning code
RM-20
APN
419036005
UPID
US90-1187583
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hill Side Surgery Center Medical Clinic Hospital
-
CHRISTOPH MICHAEL PRUMMER Physician
-
Thomas Roy F MD Physician
-
AMY S. ANSTEAD Physician
-
Dr. Brian Mitchell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.56M
Owner & transaction history
Meridian Mobile Estates LLC · 18 yrs held
Meridian Mobile Estates LLC
since 2008
7 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M zones. § 20.25.023 Minimum density - RM zones. § 20.25.0235 RM zones menu options to achieve bonus density. § 20.25.024 Interior side yard setback zero lot line option. § 20.25.025 RM-10 dwelling unit mix. § 20.25.027 RM-20 side yard setbacks. § 20.25.028 Property development standards - Single-family uses. § 20.25.030 Required parking - Multiple-family an…
Zone name
High Density Multiple Family Residential Zone
General category
RESIDENTIAL
Zone area
489.20 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Puyallup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Puyallup submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,085,000
7%
$1,935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,420,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$163 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,708
Tax year 2024
Assessed value
$2,616,800
Assessed 2024
Previous assessed
$2,616,800
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,248,300
Assessed improvement
$1,368,500
Land market value
$1,248,300
Improvement market value
$1,368,500
Total market value
$2,616,800
Applied tax rate
96.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
9,549 SF
Lot
0.93 ac (40,579 SF)
Zoning code
RM-20
APN
419036005
UPID
US90-1187583
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WAZoning RM-20 · permitted uses
RM-20 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M zones. § 20.25.023 Minimum density - RM zones. § 20.25.0235 RM zones menu options to achieve bonus density. § 20.25.024 Interior side yard setback zero lot line option. § 20.25.025 RM-10 dwelling unit mix. § 20.25.027 RM-20 side yard setbacks. § 20.25.028 Property development standards - Single-family uses. § 20.25.030 Required parking - Multiple-family and conditionally permitted uses. § 20.25.035 Signs. § 20.25.040 Performance standards
Zone name
High Density Multiple Family Residential Zone
General category
RESIDENTIAL
Zone area
489.20 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Meridian Mobile Estates LLC
Entity
Mailing address
104 27TH AVE SE, PUYALLUP, WA 98374-1145
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
—
Hillside Medical LLC
—
Deed
related
$3,600,000 · Heritage Bank
Apr 12, 2022
—
Hillside Medical LLC
—
Deed
related
$600,000 · Heritage Southeast Bank
Dec 11, 2017
—
Hillside Medical LLC
—
Deed
related
$2,156,525 · Heritage Bank
Aug 1, 2008
—
Meridian Mobile Estates LLC
Hillside Medical LLC
Quit Claim Deed
related
—
Feb 5, 1999
$1,850,000
Hillside Medical LLC
Meridian Medical LLC
Grant Deed
$1,593,000 · Puyallup Valley Bank
—
—
Hillside Medical LLC
—
Deed Of Trust
related
$1,270,000 · Valley Bank
—
—
Hillside Medical LLC
—
Deed Of Trust
related
$1,686,000 · Heritage Bank
—
—
Meridian Medical General Ptshp
—
Deed Of Trust
related
$100,000 · Puyallup Valley Bank
—
—
Hillside Medical LLC
—
Deed Of Trust
related
$728,000 · Evergreen Community Dev Assn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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