Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Commercial land
1408 3rd SE St Puyallup, WA 98372-3702
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0607734
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1906
Total area
1,244 SF
Lot
0.18 ac (8,000 SF)
Zoning code
MED
APN
9810000400
UPID
US90-0607734
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
-
Jessica Sheng Physician
-
Apex Spine and Orthopedics Puyallup Office Medical Clinic
-
Stephanie Perceful Counselor Practitioner Service Location
-
Mrs. Katelyn Neufeld Physician
-
Ali Coster Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Che II Puyallup Mob LLC · 5 yrs held
Che II Puyallup Mob LLC
since 2021
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
MED · 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
$4,715,000
ML approach
$4,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $3.65M (Jan 20 2021)
Last sale anchor
$3.65M
Jan 20 2021
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
$3,336 / 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
$3,926
Tax year 2024
Assessed value
$430,200
Assessed 2024
Previous assessed
$430,200
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$430,200
Land market value
$430,200
Total market value
$430,200
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1906
Heating
NONE
Bathrooms
1
Total area
1,244 SF
Lot
0.18 ac (8,000 SF)
Zoning code
MED
APN
9810000400
UPID
US90-0607734
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MED · Puyallup, WA
Zoning MED · permitted uses
MED · 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.
Building & site characteristics
From public records
Year built
1906
Heating
NONE
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Che II Puyallup Mob LLC
Entity
Mailing address
425 7TH ST NE, CHARLOTTESVILLE, VA 22902-4723
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Chf II Puyallup Mob LLC
—
Deed
related
$50,102,000 · First Citizens Bank & Trust Co
Oct 31, 2022
—
Chf II Puyallup Mob LLC
—
Deed
related
$3,735,000 · Synovus Bank
Dec 20, 2021
—
Chf II Puyallup Mob LLC
—
Deed
related
$8,450,000 · Synovus Bank
Jan 20, 2021
$3,650,000
Che II Puyallup Mob LLC
Srs Ventures LLC
Special Master Deed
related
$8,450,000 · Synovus Bank
Dec 6, 2018
$2,861,761
Srs Ventures LLC
Transition Consultants LLC
Special Warranty Deed
$2,100,000 · Heritage Bank
Oct 19, 2016
—
Expanding Puyallup LLC
—
Grant Deed
related
$1,066,630 · Wells Fargo Bk
Dec 23, 2015
$1,859,719
Expanding Puyallup LLC
Stanley Shui Wah Ip
Warranty Deed
$1,395,000 · Wells Fargo Bank NA
Aug 19, 1991
$200,000
Stanley S Ip
Unknown
Grant Deed
—
—
—
Stanley S Ip
—
Deed Of Trust
related
$80,000 · Puyallup Valley 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1408 3rd SE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
