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Property profile & analytics
OFF-MARKET Estimated value $665,000
Retail space

12020 Meridian E Puyallup, WA 98373-3400

5,000 SF 0.67 ac lot Built 1981
Entity Owned 21-yr Hold Free & Clear
Property ID
US90-1432437
Property summary
AI-generated overview

Plaza II, located at 12020 Meridian E in Puyallup, WA 98373, offers exceptional executive office space for lease. This 7,572 square foot building is currently fully vacant, presenting a unique opportunity for a single tenant or multiple tenants seeking contiguous space. The property is classified as both retail and office, offering versatile options for businesses of various sizes. Three spaces are immediately available, ranging from a minimum of 1,606 square feet to a maximum contiguous space of 3,840 square feet. The building's location in Pierce County provides convenient access to major transportation routes and amenities. The entire 7,572 square feet is available for lease, allowing for significant customization and flexibility to suit a variety of business needs. This is an ideal location for businesses seeking a prominent presence in the thriving Puyallup market. The property's executive office subtype suggests a high-quality build-out and professional atmosphere. Interested parties are encouraged to inquire about lease terms and explore the possibilities of establishing their business in this well-situated and readily available space. The property is situated at latitude 47.1464118 and longitude -122.2936352.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction WOOD FRAME
Total area 5,000 SF
Lot 0.67 ac (29,389 SF)
Zoning code CC
APN 6901520020
UPID US90-1432437
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
  • Intoxalock Ignition Interlock Building Supply General Contractor
  • Sylvan Learning of Puyallup Tutoring Service
  • Annee Morris- Realtor Real Estate Agency
  • Michael Nelson, Real Estate Broker Real Estate Agency
  • Janet Nelson, Real Estate Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
$665k
Comparable Approach Comparable
$718k
Blend (final) Blend
$665k
Owner & transaction history
Windsor Park Ests Puyallup LLC · 21 yrs held
Windsor Park Ests Puyallup LLC
since 2005
5 recorded transactions
2024
Price N/A
2005
Price N/A
2004
Price N/A
2004
$4.5M
1999
$3.1M
Zoning & alternative use
CC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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