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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail space
116 Meridian Puyallup, WA 98371-5912
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1471437
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,365 SF
Lot
0.09 ac (3,937 SF)
Zoning code
CBD-CORE
APN
2960000140
UPID
US90-1471437
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
-
Nuestro Barrio Multicultural Shop Clothing Store
-
Lashes Downtown Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$891k
Blend (final)
Blend
$820k
Owner & transaction history
Oakmont Cabin LLC · 2 yrs held
Oakmont Cabin LLC
since 2024
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
CBD-CORE · 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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,360,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $820k (Jan 3 2024)
Last sale anchor
$820k
Jan 3 2024
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
$153 / 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
$9,102
Tax year 2024
Assessed value
$761,400
Assessed 2024
Previous assessed
$761,400
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$196,400
Assessed improvement
$565,000
Land market value
$196,400
Improvement market value
$565,000
Total market value
$761,400
Applied tax rate
96.0000
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
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Units
4
Total area
5,365 SF
Lot
0.09 ac (3,937 SF)
Zoning code
CBD-CORE
APN
2960000140
UPID
US90-1471437
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD-CORE · Puyallup, WA
Zoning CBD-CORE · permitted uses
CBD-CORE · 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
Est. value
$1.4M
WAREHOUSE, STORAGE
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
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Oakmont Cabin LLC
Entity
Mailing address
8011 243RD ST CT E, GRAHAM, WA 98338-7376
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
$820,000
Oakmont Cabin LLC
116 S Meridian LLC
Warranty Deed
—
Apr 30, 2021
—
116 S Meridian LLC
—
Deed
related
$469,000 · Columbia State Bank
Oct 30, 2020
$632,000
116 S Meridian LLC
Tethered Nickels LLC
Warranty Deed
$600,000 · Conley Partners LLC
Feb 28, 2018
$490,000
Tethered Nickels LLC
Nelson,david L & Kathleen A
Warranty Deed
$392,000 · David L & Kathleen A Nelson
Jul 27, 2005
$415,000
David N Nelson
Rees Wayne Trust
Warranty Deed
$285,000 · Rees Wayne Trust
May 26, 1992
$158,500
Douglas A Shinstine
Unknown
Grant Deed
—
—
—
Rees Trust
—
Deed Of Trust
related
$128,500 · Columbia State 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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