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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Apartment buildings
14801 132nd E Ave Puyallup, WA 98374-9412
Entity Owned
3-yr Hold
Property ID
US90-0917448
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Construction
FRAME
Total area
3,008 SF
Lot
0.7 ac (30,303 SF)
Zoning code
MSF
APN
2145000440
UPID
US90-0917448
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
$475k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$560k
Owner & transaction history
14801 LLC · 3 yrs held
14801 LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
MSF · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$825,000
+43.5%
Warehouse, storage
$760,000
+32.4%
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
$440,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$575,000
Current use
MEDICAL BUILDING
$825,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$760,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $600k (Jul 27 2022)
Last sale anchor
$600k
Jul 27 2022
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
$186 / 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
$7,813
Tax year 2024
Assessed value
$708,400
Assessed 2024
Previous assessed
$708,400
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$226,500
Assessed improvement
$481,900
Land market value
$226,500
Improvement market value
$481,900
Total market value
$708,400
Applied tax rate
196.0000
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
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,008 SF
Lot
0.7 ac (30,303 SF)
Zoning code
MSF
APN
2145000440
UPID
US90-0917448
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MSF · Puyallup, WA
Zoning MSF · permitted uses
MSF · 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
$575,000
MEDICAL BUILDING
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS) Current
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
1981
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
14801 LLC
Entity
Mailing address
1923 5TH ST SE, PUYALLUP, WA 98372-4667
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
14801 LLC
Zezhong Weng
Quit Claim Deed
related
—
Jul 13, 2020
—
Zezhong Weng
—
Deed
related
$453,750 · First Sec Bk/wa
Oct 18, 2019
$600,000
Zezhong Weng
David I Choi
Warranty Deed
$450,000 · First Sec Bk/wa
Apr 16, 2013
$250,000
David Illnam Choi
Timothy Stein
Warranty Deed
$160,000 · Universal American Mortgage Company
Jan 5, 2004
$290,000
Timothy Stein
Peterson,roni
Warranty Deed
$232,000 · Sib Mortgage Corp
Apr 10, 2000
$98,375
Peterson,roni
Char,allen L & Suzanne T
Trustees Deed
$157,400 · First Horizon Home Loan Corp
—
—
Timothy Stein
—
Deed Of Trust
related
$294,000 · Wells Fargo Bank
—
—
Roni Peterson
—
Deed Of Trust
related
$162,400 · Central Pacific Mortgage Co
—
—
Zezhong Weng
—
Deed Of Trust
related
$453,750 · First Sec Bk/wa
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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