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    11904 Meridian East Puyallup, WA 98373

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    11904 Meridian East Puyallup, WA 98373

    View on Map
    • Strip malls
    • 3,816 SF
    • 2.10 lot acres
    For Lease
    $630,000
    View Listing →
    Retail Space Available For Lease For Lease
    $630,000

    Retail Space Available For Lease

    Retail spaces available for lease in Puyallup, Washington.

    11904 - 11910 Meridian East, Puyallup, WA 98373
    View Listing
    Property ID
    US90-1481237
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $630,000
    Cap Rate Potential
    5.9%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Wholly Smoke / (Bike/Boat/Book/etc) Store
    • LifeSafer Ignition Interlock / Building Supply / General Contractor
    • MERIDIAN SQUARE / Business Service Center / Corporate Office

    Property Details for 11904 Meridian East

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    2.10 lot acres
    Property size
    3,816 SF
    Zone code
    MUC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    4320001393
    APU
    4320001393

    Description

    Meridian Square, a prime retail strip center in Puyallup, WA, offers exceptional leasing opportunities. This established property, located at 11904 - 11910 Meridian East, near 120th St E, comprises three single-story buildings totaling 15,134 square feet on a 2.1-acre lot. Built in 1984 and renovated in 1995, the center is zoned MUC (Mixed Use Commercial). Multiple tenancies are available, with spaces ranging from a minimum of 1,443 square feet to a maximum contiguous space of 1,918 square feet. Currently, 3,361 square feet is vacant, presenting a unique chance for businesses to establish themselves in this thriving Puyallup location. The property's convenient location and ample parking make it an attractive destination for shoppers and businesses alike. This is an excellent opportunity to secure retail space in a well-maintained and established center within Pierce County, Washington, zip code 98373. The property's history and established presence in the community offer a strong foundation for future success. Contact us today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $648,000
      Market price range: $256k - $648k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.148
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $48,193
    $3,069,000
    $1,223,500
    $4,292,500
    -
    $3,069,000
    $1,223,500
    $4,292,500

    Comparable in this City

    • Value Estimation
      $940,000
      8,000 SF

      13210 Meridian E

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      13210 Meridian E, Puyallup, WA 98373-5629
      View Details
    • Value Estimation
      $1,405,000
      14,400 SF

      5605 112th E St

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      5605 112th E St, Puyallup, WA 98373-4331
      View Details
    • Value Estimation
      $1,725,000
      12,491 SF

      12314 Meridian E

      SHOPPING CENTER, STRIP CENTER • 12,491 SF
      12314 Meridian E, Puyallup, WA 98373-5061
      View Details
    • Value Estimation
      $1,200,000
      10,705 SF

      4227 Meridian

      SHOPPING CENTER, STRIP CENTER • 10,705 SF
      4227 Meridian, Puyallup, WA 98373-3603
      View Details
    • Value Estimation
      $1,105,000
      8,352 SF

      14201 Meridian E

      SHOPPING CENTER, STRIP CENTER • 8,352 SF
      14201 Meridian E, Puyallup, WA 98373-2407
      View Details
    • Value Estimation
      $5,405,000
      2,014 SF

      13613 Meridian E

      SHOPPING CENTER, STRIP CENTER • 2,014 SF
      13613 Meridian E, Puyallup, WA 98373-3664
      View Details

    Similar Nearby for Sale

    • $2,250,000

      Puyallup Retail Investment Opportunity

      Single tenant retail property with long-term tenant in Puyallup.
      10120 128Th St E, Puyallup, WA 98373
      View Details
    • $1,900,000
      10,586 SF

      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with retail exposure and fenced yard.
      5722 112Th St SE, Puyallup, WA 98373
      View Details
    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
      3704 9Th St SW, Puyallup, WA 98373
      View Details
    • $2,250,000

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
      10120 128Th Street Ct E, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Auto Sales/Shop/Repair Investment Opportunity

      Commercial property in high-traffic location suitable for various business uses.
      14001 Meridian Ave, Puyallup, WA 98373
      View Details
    • $2,250,000

      Puyallup Single Tenant Investment Property

      Single tenant investment property in Puyallup with long-term tenant.
      10120 128Th St E, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,850 SF

      Retail Space in South Hill Center

      2,580 SF retail space with high visibility and traffic.
      4301-4307 S Meridian, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with high visibility and dedicated parking.
      4423 S Meridian, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Puyallup Retail Space For Rent

      Retail space available in high-traffic Puyallup shopping center.
      132Nd St E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Space in Puyallup

      Retail space in the heart of South Hill Puyallup.
      3707-3829 South Meridian, Puyallup, WA 98373
      View Details
    • $35 SF/Yr

      Midtown Plaza Office Space

      Office space for lease in Midtown Plaza shopping center.
      14207 Meridian East, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease in Puyallup, Washington.
      11904 Meridian East, Puyallup, WA 98373
      View Details
    View Listing
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    Puyallup, WA 98373
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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