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    13208 Canyon Rd Puyallup, WA 98373
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    Property profile & analytics

    13208 Canyon Rd Puyallup, WA 98373

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    • Commercial real estate
    • 4.64 lot acres
    Off-Market
    Property ID
    US90-0733383
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13208 Canyon Rd

    Lot size
    4.64 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.64-acre commercial and industrial land parcel, located at 13208 & 13224 Canyon Rd E in Puyallup, Washington (zip code 98373), presents a unique investment opportunity. The property is zoned CE, offering significant flexibility for development. A proposal for an 84,136 square foot building has been submitted for SEPA review. This allows for the potential construction of a large-scale facility, catering to a variety of logistical or industrial needs. However, the site also offers the flexibility to develop smaller buildings, ranging from 10,000 square feet upwards, potentially incorporating substantial yard space. The property's location in Pierce County provides convenient access to major transportation arteries, making it an ideal site for businesses requiring efficient distribution networks. This prime location, combined with the zoning and development potential, makes this a highly attractive opportunity for investors seeking a strategic land acquisition in a thriving market. The latitude and longitude coordinates are 47.135981 and -122.358867 respectively. This land is currently for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.358867
    Latitude
    47.135981

    Comparable in this City

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      426,017 SF

      Industrial Land Near Port Tacoma

      Industrial land suitable for manufacturing and warehouse distribution.
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    • $1,700,000

      Puyallup Self Storage Development Site

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      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with retail exposure and fenced yard.
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      Puyallup Industrial Space Available

      Industrial space for lease near SR-512, I-5, and SR-167.
      5508 128Th St E, Puyallup, WA 98373
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      Puyallup Industrial Space Available

      Industrial space with office, dock doors, and clear height.
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    • $640,000
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      Puyallup Land with Mixed-Use Zoning

      Land with mixed-use zoning in an urban center.
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    Similar Nearby for Sale

    • $4,250,000
      426,017 SF

      Industrial Land Near Port Tacoma

      Industrial land suitable for manufacturing and warehouse distribution.
      13217 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $1,700,000

      Puyallup Self Storage Development Site

      5.16 acre self storage development site in Puyallup, WA.
      1702 39Th Ave SE, 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
    • Contact for pricing

      Puyallup Industrial Space Available

      Industrial space for lease near SR-512, I-5, and SR-167.
      5508 128Th St E, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Puyallup Industrial Space Available

      Industrial space with office, dock doors, and clear height.
      5508 128Th St E, Puyallup, WA 98373
      View Details
    • $640,000
      99,317 SF

      Puyallup Land with Mixed-Use Zoning

      Land with mixed-use zoning in an urban center.
      4101 Meridian Ave, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,146 SF

      Puyallup Land with Shop Space

      Land with remodeled office, shop space, and tent enclosure.
      13018 Canyon Rd E, Puyallup, WA 98373
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      2,599 SF

      Puyallup Commercial Land with Improvements

      Gravelled and fenced land with office and shop space.
      10902 59Th Ave E, Puyallup, WA 98373
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      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with fenced yard and retail exposure.
      5722 112Th St SE, Puyallup, WA 98373
      View Details
    • $24 SF/Yr
      1,053 SF

      Puyallup Commercial Space For Rent

      Versatile commercial space with excellent visibility and accessibility on Meridian.
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      161,733 SF

      Puyallup Warehouse Space Available

      Industrial warehouse space available for lease in Puyallup, Washington.
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    • $6,523 /Mo
      6,212 SF

      Puyallup Industrial Incubator Spaces

      Industrial spaces available for lease with easy highway access.
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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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