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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Office Spaces
118 7th SW Ave Puyallup, WA 98371-6803
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1306235
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2012
Construction
FRAME
Total area
4,980 SF
Lot
0.23 ac (9,900 SF)
Zoning code
RM-20
APN
5745301120
UPID
US90-1306235
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
-
Ladie Christine D Arana-Domondon Physician
-
Hunter's Cleaning Services Puyallup (Bike/Boat/Book/etc) Store
-
Dr. Domondon - Concordia Star Medical and Aesthetics Spa & Massage Center
-
Jennifer Anderson Physician
-
Aesthetic Surgery Centre & Medical Spa Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.15M
Owner & transaction history
Donald A Hobbs · 19 yrs held
Donald A Hobbs
since 2006
3 recorded transactions
Zoning & alternative use
RM-20 · 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%
$985,000
6.5%
$910,000
7%
$845,000
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$230 / 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
$11,564
Tax year 2024
Assessed value
$1,040,600
Assessed 2024
Previous assessed
$1,040,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$251,400
Assessed improvement
$789,200
Land market value
$251,400
Improvement market value
$789,200
Total market value
$1,040,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
4,980 SF
Lot
0.23 ac (9,900 SF)
Zoning code
RM-20
APN
5745301120
UPID
US90-1306235
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WA
Zoning RM-20 · permitted uses
RM-20 · 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
2012
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Donald A Hobbs
Individual
Mailing address
118 7TH AVE SWA, PUYALLUP, WA 98371-6803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2006
—
Donald A Hobbs
Hobb-hinkle,charisse R
Quit Claim Deed
related
$116,995 · Donald A Hobbs
Dec 29, 1995
$83,300
Donald A Hobbs
Ferris,dorothy E
Grant Deed
$88,300 · Columbia State Bank
—
—
Donald A Hobbs
—
Deed Of Trust
related
$93,000 · First Savings Bank Renton
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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