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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Retail space
11012 Cyn E Rd Puyallup, WA 98373-4200
Entity Owned
27-yr Hold
Free & Clear
Property ID
US90-1205502
Property summary
AI-generated overview
Summit Country Center offers a fantastic retail opportunity in Puyallup, WA, at 11012 Canyon Rd E, zip code 98373. This Albertson's-anchored center boasts a strong national tenant mix, ensuring high visibility and consistent foot traffic. The available space is ideal for a variety of retail uses, with a minimum divisible space of 2,040 square feet and a maximum contiguous space of 2,040 square feet. Currently, 2,040 square feet is vacant and ready for immediate occupancy. The property benefits from its strategic location within a high-traffic area, providing excellent exposure to potential customers. Ample parking is available for customers and employees in a large parking field. This retail center presents a unique opportunity to establish or expand a business in a thriving community with a strong retail presence. The property's location offers easy access for customers and excellent visibility from Canyon Road. Interested parties should inquire promptly to secure this desirable retail space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,440 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CC
APN
4075010623
UPID
US90-1205502
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
-
BBM Attic Insulation & Roofing Services Inc, WA General Contractor
-
Puyallup Summit Dental Center Dental Office
-
Bambu Puyallup Bakery Take-out & Catering
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Point Defiance Pirates Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$1.90M
Owner & transaction history
Pierce County (wa) · 27 yrs held
Pierce County (wa)
since 1999
2 recorded transactions
Zoning & alternative use
CC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,665,000
6.5%
$2,460,000
7%
$2,285,000
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±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
$103 / 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
$47,569
Tax year 2024
Assessed value
$3,893,500
Assessed 2024
Previous assessed
$3,893,500
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,288,200
Assessed improvement
$2,605,300
Land market value
$1,288,200
Improvement market value
$2,605,300
Total market value
$3,893,500
Applied tax rate
515.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
18,440 SF
Lot
1.66 ac (72,310 SF)
Zoning code
CC
APN
4075010623
UPID
US90-1205502
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Puyallup, WAZoning CC · permitted uses
CC · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Pierce County (wa)
Entity
Free & Clear · 27 yrs held
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 1999
$69,619
Pierce County (wa)
Raab,harriet W
Grant Deed
—
—
—
Sound Properties LLC
—
Deed Of Trust
related
$8,680,000 · Jp Morgan Chase Bk
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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