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Property profile & analytics
OFF-MARKET
Estimated value
$5,465,000
Apartment buildings
14015 A S St, Puyallup, WA 98371
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2588784
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
WOOD FRAME
Total area
27,782 SF
Lot
3.28 ac (142,877 SF)
Zoning code
ROC
APN
9835000176
UPID
US90-2588784
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
by Request
CAP Approach
CAP
$5.17M
Comparable Approach
Comparable
$6.99M
Blend (final)
Blend
$5.47M
Owner & transaction history
Sbjs Properties LLC · 4 yrs held
Sbjs Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
ROC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+61.5%
Medical building
$7.6M
+43.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,605,000
6.5%
$5,170,000
7%
$4,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,315,000
Current use
RETAIL STORES
$8,585,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$7,625,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$5.47M
Range $4.92M – $6.01M · ±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
$197 / 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
$111,212
Tax year 2024
Assessed value
$9,409,000
Assessed 2024
Previous assessed
$9,409,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,699,000
Assessed improvement
$7,710,000
Land market value
$1,699,000
Improvement market value
$7,710,000
Total market value
$9,409,000
Applied tax rate
515.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Units
22
Total area
27,782 SF
Lot
3.28 ac (142,877 SF)
Zoning code
ROC
APN
9835000176
UPID
US90-2588784
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ROC · Puyallup, WA
Zoning ROC · permitted uses
ROC · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.3M
RETAIL STORES
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS) Current
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
2020
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Units
22
Lot
3.28 ac
Current owner
From public records · entity-resolved
Sbjs Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 597, PUYALLUP, WA 98371-0182
Ownership since
2022
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
Mar 8, 2022
—
Sbjs Properties LLC
Schuur Bros INC
Intrafamily Transfer
related
—
Feb 28, 2020
—
Pierce County
Schuur Bros INC
Warranty Deed
—
Nov 16, 2018
$530,000
Schuur Bros INC
Mitchell Dev II LLC
Warranty Deed
$530,000 · River Road Invs LLC
Oct 31, 2018
$409,000
Mitchell Dev II LLC
Suls Family LLC
Warranty Deed
—
May 8, 2012
$120,000
Suls Family LLC
Union Bank NA
Grant Deed
—
Aug 12, 2011
$302,250
Union Bank NA
Mtc Financial INC
Trustees Deed
related
—
Oct 12, 2005
$465,000
A Street Apartments LLC
Skoog,douglas W
Warranty Deed
$429,650 · Frontier 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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