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    13410 Meridian B E Ste B Puyallup, WA 98373-5627
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    Property profile & analytics

    13410 Meridian B E Ste B, Puyallup, WA 98373-5627

    View on Map
    • Outlet malls
    • 55,715 SF
    • 1.35 lot acres
    Off-Market
    Property ID
    US90-1281147
    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
    $5,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 13410 Meridian B E Ste B

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.35 lot acres
    Zone code
    UV
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    6023820010
    APU
    6023820010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2006 $22,240,555 Wri-urs Meridian LLC Meridian Town Center Props LLC Grant Deed —
    Jun 6, 2005 $20,362,000 Meridian Schall LLC Pl West LLC Warranty Deed $15M · Citigroup Global Markets Realty Cor
    Dec 13, 2004 — Pl West LLC — Trustees Deed · related $7.7M · Key Bank NA
    Jan 30, 2004 — Pl West LLC — Grant Deed · related $6.8M · Evertrust Bank
    — — Pl West LLC — Deed Of Trust · related $5M · Tii Realty Capital LLC
    — — Pl West LLC — Deed Of Trust · related $173k · Evertrust Bank
    — — Pl West LLC — Deed Of Trust · related $700k · Evertrust Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,050,000
      6.5%
      $7,430,000
      7%
      $6,900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,495,000
      Market price range: $3.11M - $10.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.295
    Latitude
    47.1342
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,346
    $1,293,800
    $4,905,000
    $6,198,800
    -
    $1,293,800
    $4,905,000
    $6,198,800

    Comparable in this City

    • Value Estimation
      $5,235,000
      45,365 SF

      4102 Meridian

      WHOLESALE OUTLET, DISCOUNT STORE
      4102 Meridian, Puyallup, WA 98373-5962
      View Details
    • Value Estimation
      $1,060,000
      10,000 SF

      4102 Meridian

      WHOLESALE OUTLET, DISCOUNT STORE
      4102 Meridian, Puyallup, WA 98373-5962
      View Details
    • Value Estimation by Request
      47,881 SF

      4627 Meridian

      WHOLESALE OUTLET, DISCOUNT STORE
      4627 Meridian, Puyallup, WA 98373-3437
      View Details
    • Value Estimation
      $5,515,000
      35,050 SF

      11307 Cyn E Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      11307 Cyn E Rd, Puyallup, WA 98373-4355
      View Details
    • Value Estimation
      $7,840,000
      55,164 SF

      11501 Cyn E Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      11501 Cyn E Rd, Puyallup, WA 98373-4359
      View Details
    • Value Estimation
      $6,370,000
      49,650 SF

      11012 Cyn E Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      11012 Cyn E Rd, Puyallup, WA 98373-4200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      127,429 SF

      Grocery Outlet Anchored Retail Center

      Retail center anchored by Grocery Outlet with Auto Zone.
      4423 South Meridian, Puyallup, WA 98373
      View Details
    • $2,250,000

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
      10120 128Th Street Ct E, Puyallup, WA 98373
      View Details
    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
      3704 9Th St SW, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Auto Sales/Shop/Repair Investment Opportunity

      Commercial property in high-traffic location suitable for various business uses.
      14001 Meridian Ave, Puyallup, WA 98373
      View Details
    • $2,250,000

      Puyallup Single Tenant Investment Property

      Single tenant investment property in Puyallup with long-term tenant.
      10120 128Th St E, 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with high visibility and dedicated parking.
      4423 S Meridian, Puyallup, WA 98373
      View Details
    • $35 SF/Yr

      Midtown Plaza Office Space

      Office space for lease in Midtown Plaza shopping center.
      14207 Meridian East, Puyallup, WA 98373
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Space in Puyallup

      Retail space in the heart of South Hill Puyallup.
      3707-3829 South Meridian, Puyallup, WA 98373
      View Details
    • $4,690 /Mo
      2,345 SF

      Retail Space on Canyon Road

      Retail space in active commercial corridor with highway access.
      12811 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr

      Puyallup Retail/Office Space Available

      3,557 SF retail/office space in prime location for lease.
      12704 Meridian Ave E, Puyallup, WA 98373
      View Details
    • $6,242 /Mo
      2,675 SF

      Freestanding Retail Pad Building Available

      Freestanding retail building available for rent starting October 1, 2023.
      13101 Meridian Ave E, Puyallup, WA 98373
      View Details
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    Puyallup, WA 98373-5627
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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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