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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Grocery and convenience stores
11802 Meridian E Puyallup, WA 98373-3542
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0681293
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1974
Construction
WOOD FRAME
Total area
2,990 SF
Lot
0.92 ac (40,000 SF)
Zoning code
MUC
APN
4320000956
UPID
US90-0681293
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
-
CHEVRON Non Ethanol Premium Gas Ethanol Free Gas Gas Station
-
Chevron Gas Station
-
Good Vibes Espresso Take-out & Catering Cafe & Coffee Shop
-
Meridian Food Mart Grocery & Convenience Store
-
Concreteman Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.11M
Owner & transaction history
Southend Investment II LLC · 3 yrs held
Southend Investment II LLC
since 2023
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
MUC · 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
$6,200,000
ML approach
$6,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±10% · vs last sale $5.98M (Jul 26 2023)
Last sale anchor
$5.98M
Jul 26 2023
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
$2,042 / 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
$22,256
Tax year 2024
Assessed value
$2,051,200
Assessed 2024
Previous assessed
$2,051,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,586,700
Assessed improvement
$464,500
Land market value
$1,586,700
Improvement market value
$464,500
Total market value
$2,051,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Total area
2,990 SF
Lot
0.92 ac (40,000 SF)
Zoning code
MUC
APN
4320000956
UPID
US90-0681293
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUC · Puyallup, WAZoning MUC · permitted uses
MUC · 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
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Southend Investment II LLC
Entity
Ownership since
2023
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 26, 2023
$5,980,000
Southend Investment II LLC
Bkr Real Estate Investments LLC
Warranty Deed
$4,430,000 · Coastal Community Bank
May 16, 2018
$1,733,719
Bkr Real Estate Investments LLC
J Aranas LLC
Warranty Deed
$1,560,000 · Pacific City Bank
Jul 18, 2007
—
J Aranas LLC
South Hill Minimart LLC
Quit Claim Deed
related
$450,000 · Frontier Bank
May 10, 2007
—
J Aranas LLC
South Hill Minimart LLC
Quit Claim Deed
related
—
Jan 5, 2004
$450,000
South Hill Minimart LLC
Time Oil
Warranty Deed
$390,000 · Frontier Bank
—
—
J Aranas LLC
—
Deed Of Trust
related
$424,080 · Heritage Bank
—
—
South Hill Minimart LLC
—
Deed Of Trust
related
$30,000 · Frontier 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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