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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
14705 Meridian E Puyallup, WA 98375-6626
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1751334
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
WOOD FRAME
Total area
2,176 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CC
APN
419226005
UPID
US90-1751334
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
-
Solier Law Offices, P.S. Law Firm
-
Boettcher Werner Law Firm
-
Law Offices of Greene And Lloyd, PLLC Law Firm
-
Wambold Law Group, LLP Law Firm
-
Sachs Lawrence R CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$540k
Owner & transaction history
Charles M Gray · 4 yrs held
Charles M Gray
since 2021
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
CC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+24.1%
Commercial (general)
$810,000
+19.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$595,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $515k (Sep 24 2021)
Last sale anchor
$515k
Sep 24 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
$248 / 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
$7,993
Tax year 2024
Assessed value
$662,600
Assessed 2024
Previous assessed
$662,600
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$457,100
Assessed improvement
$205,500
Land market value
$457,100
Improvement market value
$205,500
Total market value
$662,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Units
1
Total area
2,176 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CC
APN
419226005
UPID
US90-1751334
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Puyallup, WA
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$810,000
MEDICAL BUILDING
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$550,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1977
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Charles M Gray
Individual
Free & Clear · 4 yrs held
Mailing address
14705 MERIDIAN E, PUYALLUP, WA 98375-6626
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2021
—
Charles M Gray
Charles M Gray
Intrafamily Transfer
related
—
Oct 23, 2017
—
Werner Boettcher
Boettcher,sandra M
Affidavit Of Death
related
—
May 23, 2006
$515,000
Kbs Investments LLC
Rainier Property Management & Devel
Warranty Deed
$250,000 · Us Bank NA
Nov 18, 2004
$325,000
Rainier Property Mgmt & Dev Ll
Sienkiewicz,summer M
Warranty Deed
—
—
—
William J Sienkiewicz
—
Deed Of Trust
related
$200,000 · Timberland Savings Bank
—
—
Summer M Marcel
—
Deed Of Trust
related
$90,000 · Puyallup Valley Bank
—
—
Summer M Marcel
—
Deed Of Trust
related
$99,000 · 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
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