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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
11302 164th E St, Puyallup, WA 98374-9760
Trust Owned
17-yr Hold
Free & Clear
Property ID
US90-1343867
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,880 SF
Lot
5.16 ac (224,770 SF)
Zoning code
EC
APN
419275011
UPID
US90-1343867
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
-
Wal-Med Inc Medical Supply Store
-
Wallace-O'Farrell Mfr Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Ofarrell Nancy F Living Trust · 17 yrs held
Ofarrell Nancy F Living Trust
since 2009
7 recorded transactions
Zoning & alternative use
EC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$790,000
+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
by Request
ML approach
$370,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
MEDICAL BUILDING
$790,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$184 / 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
$8,798
Tax year 2024
Assessed value
$622,000
Assessed 2024
Previous assessed
$622,000
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$418,400
Assessed improvement
$203,600
Land market value
$418,400
Improvement market value
$203,600
Total market value
$622,000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
2,880 SF
Lot
5.16 ac (224,770 SF)
Zoning code
EC
APN
419275011
UPID
US90-1343867
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Puyallup, WA
Zoning EC · permitted uses
EC · 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
$730,000
MEDICAL BUILDING
Est. value
$790,000
WAREHOUSE, STORAGE Current
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
5.16 ac
Current owner
From public records · entity-resolved
Ofarrell Nancy F Living Trust
Trust
Free & Clear · 17 yrs held
Mailing address
11302 164TH ST E, PUYALLUP, WA 98374-9760
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Jan 29, 2009
—
Ofarrell Nancy F Living Trust
Ofarrell,nancy F
Quit Claim Deed
related
—
Oct 15, 1993
$220,000
Nancy F O'farrell
Colortronic INC
Grant Deed
$129,679 · Bank Fife
Nov 29, 1991
$300,000
Colortronic INC
Unknown
Grant Deed
—
—
—
Nancy F O'farrell
—
Deed Of Trust
related
$113,199 · Fife Commercial Bank
—
—
Nancy F O'farrell
—
Deed Of Trust
related
$125,700 · Fife Commercial Bank
—
—
Nancy F O'farrell
—
Deed Of Trust
related
$293,500 · Sterling Savings Bank
—
—
Nancy F O'farrell
—
Deed Of Trust
related
$22,500 · Sterling Savings Bank
—
—
Nancy F O'farrell
—
Deed Of Trust
related
$87,000 · Sterling Savings Bank
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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