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Property profile & analytics
FOR LEASE
Strip malls
11601 Canyon Rd E Puyallup, WA 98373
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0407703
No photos on file
For Lease
$34 SF/Yr
11601 Canyon Rd E, Puyallup, WA 98373
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
WOOD FRAME
Total area
6,372 SF
Lot
0.73 ac (31,751 SF)
Zoning code
CC
APN
4075211753
UPID
US90-0407703
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
-
Discount Chimney Sweep & Dryer Vent Cleaning, Repair Parts General Contractor Renovation Specialist
-
T&P Foot Massage and Aromatherapy Alternative Medicine Practice Spa & Massage Center
-
Starbucks Cafe & Coffee Shop
-
Seattle Sun Tan Tanning Salon
-
Great Clips Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
King Jim LLC · 1 yrs held
King Jim LLC
since 2025
Last sale
$2.7M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,065
Tax year 2024
Assessed value
$2,092,800
Assessed 2024
Previous assessed
$2,092,800
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$977,300
Assessed improvement
$1,115,500
Land market value
$977,300
Improvement market value
$1,115,500
Total market value
$2,092,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2005
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
6,372 SF
Lot
0.73 ac (31,751 SF)
Zoning code
CC
APN
4075211753
UPID
US90-0407703
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Puyallup, WAZoning CC · permitted uses
CC · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
King Jim LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1201 PACIFIC AVE STE #1400, TACOMA, WA 98402-4322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 18, 2025
—
King Jim LLC
—
Deed
related
$1,764,750 · Americas Cu
May 9, 2025
$2,715,000
King Jim LLC
Canyon 11601 LLC
Warranty Deed
—
Sep 1, 2020
—
Canyon 11601 LLC
—
Deed
related
$1,459,021 · Wells Fargo Bk
Jan 17, 2008
$2,650,000
Canyon 11601 LLC
Sps Real Estate Holdings LLC
Warranty Deed
$1,987,500 · Wells Fargo Bank NA
Dec 27, 2004
$675,000
Sps Real Estate Holdings LLC
Puyallup Pad Associates LLC
Warranty Deed
related
$1,771,895 · Venture Bank
Sep 20, 2000
—
Pierce County (wa)
Puyallup Pad Associates LLC
Grant Deed
related
—
—
—
Canyon 11601 LLC
—
Loan Modification
related
$1,459,021 · Wells Fargo Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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