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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Warehouses
12603 State 5th Hwy, Puyallup, WA 98372
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-3008163
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
2,112 SF
Lot
40.15 ac (1,748,934 SF)
Zoning code
RM-20
APN
420261701
UPID
US90-3008163
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
$314k
Blend (final)
Blend
$520k
Owner & transaction history
Paul F Nix Family LLC · 1 yrs held
Paul F Nix Family LLC
since 2024
7 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+52.2%
Retail stores
$655,000
+22.6%
Medical building
$580,000
+8.3%
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
$580,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$395,000
7%
$370,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$535,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +52% · Conversion: Easy
RETAIL STORES
$655,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$580,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$246 / 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
$9,477
Tax year 2024
Assessed value
$6,320,500
Assessed 2024
Previous assessed
$6,320,500
+0.0% YoY
Effective rate
0.15%
On assessed value
Assessed land
$5,848,400
Assessed improvement
$472,100
Land market value
$5,848,400
Improvement market value
$472,100
Total market value
$6,320,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,112 SF
Lot
40.15 ac (1,748,934 SF)
Zoning code
RM-20
APN
420261701
UPID
US90-3008163
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES
Est. value
$655,000
MEDICAL BUILDING
Est. value
$580,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
1
Lot
40.15 ac
Current owner
From public records · entity-resolved
Paul F Nix Family LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2519 E MAIN PUYALLUP
Ownership since
2024
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
Sep 13, 2024
—
Paul F Nix Family LLC
Janet Paula Nix
Intrafamily Transfer
related
—
Mar 21, 2023
—
Ljkcek LLC
Larry Kolano
Re-recorded Document
related
—
Feb 7, 2022
—
Gtk Nix LLC
Gary Kolano
Quit Claim Deed
related
—
Sep 20, 2021
—
Lukcek LLC
Larry Kolano
Quit Claim Deed
related
—
Nov 18, 2008
—
Ronald G Housh
Housh Lucille A
Quit Claim Deed
related
—
Oct 24, 2007
—
Larry J Kolano
Waite Helen K
Grant Deed
related
—
Aug 10, 2007
—
Fraces M Nix
Nix Paul F
Quit Claim Deed
related
—
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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