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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Turn key restaurants
13024 Meridian E Puyallup, WA 98373-5641
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1134915
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
WOOD FRAME
Total area
7,448 SF
Lot
1.29 ac (56,192 SF)
Zoning code
UV
APN
419165009
UPID
US90-1134915
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
-
Mazatlan Restaurant South Hill Puyallup Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$665k
Owner & transaction history
Andres Cardenas · 21 yrs held
Andres Cardenas
since 2004
7 recorded transactions
Zoning & alternative use
UV · 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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$89 / 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
$30,719
Tax year 2024
Assessed value
$2,660,200
Assessed 2024
Previous assessed
$2,660,200
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,902,600
Assessed improvement
$757,600
Land market value
$1,902,600
Improvement market value
$757,600
Total market value
$2,660,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
7,448 SF
Lot
1.29 ac (56,192 SF)
Zoning code
UV
APN
419165009
UPID
US90-1134915
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UV · Puyallup, WAZoning UV · permitted uses
UV · 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
1978
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Andres Cardenas
Individual
Mailing address
13024 MERIDIAN E, PUYALLUP, WA 98373-5641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
—
Mazatlan 10 Properties LLC
—
Deed
related
$2,639,635 · Timberland Bank
Sep 12, 2019
—
Mazatlan 10 Properties LLC
—
Deed
related
$1,325,393 · Timberland Bk
Aug 30, 2004
—
Andres Cardenas
Andrade,ana M
Quit Claim Deed
related
$1,100,000 · Timberland Bank
Feb 27, 1996
—
Mazatlan 2 Rental
Cardenas,andres & Teresa
Quit Claim Deed
related
$610,000 · Key Bank Of Washington
Jun 19, 1990
$440,000
Andres Etal Cardenas
Pac First Fed S
Grant Deed
$343,400 · Puget Sound National Bank
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$1,325,393 · Timberland Bk
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$280,000 · Timberland Bk
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$1,045,393 · Timberland Bk
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$750,000 · Timberland Bank
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$260,000 · Timberland Bank
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$1,877,000 · Timberland Bk
—
—
Mazatlan 10 Properties LLC
—
Deed Of Trust
related
$555,000 · Timberland 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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