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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Warehouses
11206 62nd E Ave, Puyallup, WA 98373-4348
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0954602
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
WOOD FRAME
Total area
11,100 SF
Lot
1.02 ac (44,605 SF)
Zoning code
CE
APN
4075310391
UPID
US90-0954602
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
-
The Dance Academy Training Center
-
A Victorian Country Christmas Festival Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.31M
Owner & transaction history
Fir Tree II LLC · 20 yrs held
Fir Tree II LLC
since 2006
7 recorded transactions
Zoning & alternative use
CE · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$118 / 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
$21,068
Tax year 2024
Assessed value
$1,698,300
Assessed 2024
Previous assessed
$1,698,300
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$748,100
Assessed improvement
$950,200
Land market value
$748,100
Improvement market value
$950,200
Total market value
$1,698,300
Applied tax rate
195.0000
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
1992
Construction
WOOD FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Units
1
Total area
11,100 SF
Lot
1.02 ac (44,605 SF)
Zoning code
CE
APN
4075310391
UPID
US90-0954602
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Puyallup, WA
Zoning CE · permitted uses
CE · 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.
Building & site characteristics
From public records
Year built
1992
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Fir Tree II LLC
Entity
Mailing address
16620 41ST ST E, LAKE TAPPS, WA 98391-6774
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2006
$1,090,000
Fir Tree II LLC
Sonrisa LLC
Warranty Deed
$872,000 · Lehman Brothers Bank Fsb
May 15, 2006
—
Red Bell Partners
Veblen,david H & Shirley C
Quit Claim Deed
related
—
Jan 16, 2004
—
Sonrisa LLC
Snyder,kari
Quit Claim Deed
related
—
Oct 30, 2003
—
Veblen Family LP
Red Bell Partners LLC
Quit Claim Deed
related
—
Sep 25, 2003
—
Allan Jones
Red Bell Partners LLC
Quit Claim Deed
related
—
Sep 25, 1991
$120,000
Jones Allan
Unknown
Grant Deed
—
—
—
Allan Jones
—
Deed Of Trust
related
$110,000 · Washington First Int'l Bank
—
—
Fir Tree II LLC
—
Deed Of Trust
related
$812,000 · Us Bank NA
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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