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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
110 23rd SE St, Puyallup, WA 98372-4116
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1443636
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD FRAME
Total area
4,681 SF
Lot
0.24 ac (10,454 SF)
Zoning code
ML
APN
420263043
UPID
US90-1443636
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$1.05M
Owner & transaction history
3genland LLC · 3 yrs held
3genland LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
ML · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+22.6%
Medical building
$1.3M
+8.3%
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
$1,265,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,185,000
Current use
RETAIL STORES
$1,455,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$1,285,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.10M (Sep 21 2022)
Last sale anchor
$1.10M
Sep 21 2022
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
$223 / 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
$6,924
Tax year 2024
Assessed value
$523,500
Assessed 2024
Previous assessed
$523,500
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$214,600
Assessed improvement
$308,900
Land market value
$214,600
Improvement market value
$308,900
Total market value
$523,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
0
Total area
4,681 SF
Lot
0.24 ac (10,454 SF)
Zoning code
ML
APN
420263043
UPID
US90-1443636
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ML · Puyallup, WA
Zoning ML · permitted uses
ML · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
0
Lot
0.24 ac
Current owner
From public records · entity-resolved
3genland LLC
Entity
Mailing address
PO BOX 1123, BUCKLEY, WA 98321-1123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
3gen Land LLC
—
Deed
related
$940,000 · Baker Boyer National Bank
Sep 21, 2022
$1,095,000
3genland LLC
Puyallup Food Bank
Warranty Deed
$150,000 · Dc Investments LLC
Jan 15, 2021
—
Puyallup Food Bank
—
Deed
related
$1,000,000 · 1st Security Bank Of Washington
Mar 12, 2020
—
Fish Of Puyallup Valley
—
Deed
related
$250,000 · Kitsap Cu
Jun 30, 2011
$525,000
Fish Of Puyallup Valley
M & L Investments LLC
Warranty Deed
$375,000 · M&l Investments LLC
Dec 16, 2002
—
M & L Investments LLC
Chamberlin,mitchell & Lynda
Quit Claim Deed
related
—
Apr 29, 1994
$52,000
Mitchell D Chamberlin
Wallenborn,frede
Grant Deed
$50,000 · Bank Of Sumner
Nov 10, 1992
$35,000
Wallenborn Etux
Unknown
Grant Deed
$29,700 · Seller
—
—
Fish Of Puyallup Valley
—
Deed Of Trust
related
$250,000 · Kitsap Cu
—
—
Mitchell D Chamberlin
—
Deed Of Trust
related
$100,000 · Bank Of Sumner
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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