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Property profile & analytics
OFF-MARKET
Estimated value
$7,840,000
Outlet malls
11501 Cyn E Rd Puyallup, WA 98373-4359
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0369681
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,164 SF
Lot
5.98 ac (260,271 SF)
Zoning code
CC
APN
6023500010
UPID
US90-0369681
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
-
Safeway Grocery & Convenience Store Food Market
-
TNT Fireworks Discount Store Party Supply Store
-
Safeway Fuel Station Gas Station
-
Global Credit Union Credit Union
-
Anytime AutoGlass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.36M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$7.84M
Owner & transaction history
Safeway INC · 2 yrs held
Safeway INC
since 2024
6 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%
$7,970,000
6.5%
$7,355,000
7%
$6,830,000
Blend value · Realmo final
$7.84M
Range $7.06M – $8.62M · ±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
$142 / 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
$131,611
Tax year 2024
Assessed value
$11,505,300
Assessed 2024
Previous assessed
$11,505,300
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,942,300
Assessed improvement
$7,563,000
Land market value
$3,942,300
Improvement market value
$7,563,000
Total market value
$11,505,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
55,164 SF
Lot
5.98 ac (260,271 SF)
Zoning code
CC
APN
6023500010
UPID
US90-0369681
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Puyallup, WA
Zoning CC · permitted uses
CC · 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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
5.98 ac
Current owner
From public records · entity-resolved
Safeway INC
Entity
Free & Clear · 2 yrs held
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
Safeway INC
Safeway Realty LLC
Intrafamily Transfer
related
—
Oct 31, 2022
—
Safeway Realty LLC
Aci Real Estate Spe 139 LLC
Special Warranty Deed
—
Aug 10, 2020
—
Aci Real Estate Spe 139 LLC
Safeway INC
Grant Deed
—
Jan 3, 2018
—
Safeway INC
—
Loan Modification
related
—
Jun 24, 2005
$2,613,000
Safeway INC
Vpi INC
Warranty Deed
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000,000 · Wilmington Tr
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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