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Property profile & analytics
OFF-MARKET
Industrial land
117 8th SW St Puyallup, WA 98371
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1053771
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1923
Total area
909 SF
Lot
0.18 ac (7,705 SF)
Zoning code
RS-06
APN
5505000190
UPID
US90-1053771
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
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
Puyallup School District No 3 · 6 yrs held
Puyallup School District No 3
since 2019
5 recorded transactions
Zoning & alternative use
RS-06 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2010 ; Ord. 3172 § 1, 2018 ) § 20.30.026 Other residential uses in the CB zone. (1) Existing nonconforming single-family, duplex and triplex residences within the CB zone are subject to the development standards of the RS-06 zone. (2) Multifamily residential uses, including co-living, are permitted by right in the CB zone, subject to the following: (a) Multi…
Zone name
Urban Density Single Family Residential Zone
General category
RESIDENTIAL
Zone area
412.12 ac
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
$11
Tax year 2024
Assessed value
$154,100
Assessed 2024
Previous assessed
$167,700
-8.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$154,100
Land market value
$154,100
Total market value
$154,100
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1923
Heating
NONE
Bathrooms
1
Total area
909 SF
Lot
0.18 ac (7,705 SF)
Zoning code
RS-06
APN
5505000190
UPID
US90-1053771
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RS-06 · Puyallup, WAZoning RS-06 · permitted uses
RS-06 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2010 ; Ord. 3172 § 1, 2018 ) § 20.30.026 Other residential uses in the CB zone. (1) Existing nonconforming single-family, duplex and triplex residences within the CB zone are subject to the development standards of the RS-06 zone. (2) Multifamily residential uses, including co-living, are permitted by right in the CB zone, subject to the following: (a) Multifamily residential uses shall only be permitted as an accessory use to a commercial
Zone name
Urban Density Single Family Residential Zone
General category
RESIDENTIAL
Zone area
412.12 ac
Building & site characteristics
From public records
Year built
1923
Heating
NONE
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Puyallup School District No 3
Individual
Free & Clear · 6 yrs held
Mailing address
302 2ND ST SE, PUYALLUP, WA 98372-3220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
$750,000
Puyallup School District No 3
Immanuel Evangelical Lutheran
Correction Deed
related
—
Nov 4, 2019
$750,000
Puyallup School District No 3
Immanuel Evangelical Lutheran
Warranty Deed
—
May 24, 2019
—
Immanuel E L Church
Hacanson,vera
Correction Deed
related
—
Oct 15, 2003
$448,500
Immanuel Evangelical Lutherman
Barnett,hollis & Patricia
Grant Deed
$741,583 · Lutheran Church Extension Fund
Feb 12, 2003
$343,203
Immanuel Evangelical Lutheran
Westerfield,tr
Grant Deed
$295,000 · Commonwealth Land Title Co
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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