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Property profile & analytics
FOR LEASE
Strip malls

11904 Meridian East Puyallup, WA 98373

3,816 SF 2.1 ac lot Built 1984
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1481237
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1984
Construction WOOD FRAME
Total area 3,816 SF
Lot 2.1 ac (91,432 SF)
Zoning code MUC
APN 4320001393
UPID US90-1481237
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
  • Wholly Smoke (Bike/Boat/Book/etc) Store
  • LifeSafer Ignition Interlock Building Supply General Contractor
  • MERIDIAN SQUARE Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
$585k
Comparable Approach Comparable
$648k
Blend (final) Blend
$630k
Owner & transaction history
Meridian Square LLC · 25 yrs held
Meridian Square LLC
since 2001
6 recorded transactions
2017
Price N/A
2016
Price N/A
2001
Price N/A
1999
$2.1M
1998
Price N/A
1997
$1.4M
Zoning & alternative use
MUC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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