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    Property profile & analytics

    11201 88th E Ave Puyallup, WA 98373-3802

    • Office properties & Spaces
    • 13,200 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    $2,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0684647
    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.

    Current Use by Public Records

    • Puyallup Pediatric Dentistry / Dental Office
    • Smith David w DDS / Dental Office
    • Gregory Robert DC / Alternative Medicine Practice
    • Sound Vocational Services / Association / Organization
    • Procura Mortgage Company | License #CL-157293 / Loan Service / Bank

    Property Details for 11201 88th E Ave

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.94 lot acres
    Property size
    13,200 SF
    Zone code
    MSF
    Property type
    Office properties & Spaces
    APN
    6021360390
    APU
    6021360390

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,615,000
      6.5%
      $2,415,000
      7%
      $2,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,338,000
      Market price range: $2.51M - $5.03M
      AI Estimate
      $3,037,000
      Market price range: $957k - $5.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,840,000
      Current use
      RETAIL STORES
      $4,100,000
      Change: +7% Conversion: Easy
      MEDICAL BUILDING
      $3,625,000
      Change: -6% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,345,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.311
    Latitude
    47.1545
    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
    $30,594
    $1,083,700
    $1,581,000
    $2,664,700
    -
    $1,083,700
    $1,581,000
    $2,664,700

    Comparable in this City

    • Value Estimation by Request
      1,165 SF

      903 40 Ave

      Office properties & Spaces • 1,165 SF
      903 40 Ave, Puyallup, WA 98373
      View Details
    • Value Estimation
      $1,210,000
      4,631 SF

      10612 Cyn E Rd

      OFFICE (GENERAL) • 4,631 SF
      10612 Cyn E Rd, Puyallup, WA 98373-4257
      View Details
    • Value Estimation
      $1,200,000
      5,549 SF

      12511 Meridian E

      OFFICE (GENERAL) • 5,549 SF
      12511 Meridian E, Puyallup, WA 98373-3425
      View Details
    • Value Estimation
      $4,935,000
      20,571 SF

      1002 39th SW Ave

      OFFICE (GENERAL) • 20,571 SF
      1002 39th SW Ave, Puyallup, WA 98373-3805
      View Details
    • Value Estimation
      $2,765,000
      12,812 SF

      850 39th SW Ave

      OFFICE (GENERAL) • 12,812 SF
      850 39th SW Ave, Puyallup, WA 98373-5915
      View Details
    • Value Estimation
      $2,065,000
      8,237 SF

      1801 Un Ave

      OFFICE (GENERAL) • 8,237 SF
      1801 Un Ave, Puyallup, WA 98373
      View Details

    Similar Nearby for Sale

    • $1,900,000
      10,586 SF

      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with retail exposure and fenced yard.
      5722 112Th St SE, Puyallup, WA 98373
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    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
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    • $640,000
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      Puyallup Land with Mixed-Use Zoning

      Land with mixed-use zoning in an urban center.
      4101 Meridian Ave, Puyallup, WA 98373
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    • $2,250,000

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
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      Pending

      Prime Commercial Land Opportunity

      High-traffic location ideal for medical, office, or mixed-use development.
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    Similar Nearby for Lease

    • $22 SF/Yr

      Puyallup Retail/Office Space Available

      3,557 SF retail/office space in prime location for lease.
      12704 Meridian Ave E, Puyallup, WA 98373
      View Details
    • $1,488 /Mo
      940 SF

      Puyallup Commercial Space For Rent

      940 sqft commercial space suitable for various businesses.
      818 39Th Ave SW, Puyallup, WA 98373
      View Details
    • $39,520
      2,080 SF

      Puyallup Warehouse with Office Space

      Warehouse space featuring dual roll-up doors and an interior office.
      12310 Meridian Ave E, Puyallup, WA 98373
      View Details
    • $800 /Mo
      192 SF

      Private Office Space For Lease

      Private office space for lease in South Hill Puyallup.
      13921 Meridian E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      723 SF

      Puyallup Office Suite For Rent

      756 sq ft office suite in Puyallup's Evergreen Professional Center.
      1002 39Th Ave SW, Puyallup, WA 98373
      View Details
    • $6,521 /Mo
      3,557 SF

      Retail/Office Space in Puyallup

      3,557 SF retail/office space in prime location.
      12704 Meridian Ave E, Puyallup, WA 98373
      View Details
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    Puyallup, WA 98373-3802
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    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
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