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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Strip malls
15012 Meridian E Puyallup, WA 98375-6515
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0876251
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Construction
WOOD FRAME
Total area
11,100 SF
Lot
2.19 ac (95,266 SF)
Zoning code
UV
APN
419211051
UPID
US90-0876251
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
-
Puppyland Puyallup (Bike/Boat/Book/etc) Store Pet Store
-
World Cigar & Liquor (Bike/Boat/Book/etc) Store
-
Inflictions Tattoos and Piercings Tattoo & Piercing Shop
-
Shangri La Alternative Medicine Practice Spa & Massage Center
-
Danny Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$1.01M
Owner & transaction history
Hbh2 LLC · 8 yrs held
Hbh2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
UV · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$91 / 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
$33,326
Tax year 2024
Assessed value
$2,932,200
Assessed 2024
Previous assessed
$2,932,200
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,872,900
Assessed improvement
$1,059,300
Land market value
$1,872,900
Improvement market value
$1,059,300
Total market value
$2,932,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
11,100 SF
Lot
2.19 ac (95,266 SF)
Zoning code
UV
APN
419211051
UPID
US90-0876251
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
UV · Puyallup, WAZoning UV · permitted uses
UV · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Hbh2 LLC
Entity
Mailing address
2125 1ST AVE APT #2105, SEATTLE, WA 98121-2120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2019
—
Hbh2 LLC
—
Deed
related
$2,300,000 · Heritage Bank
Jul 2, 2018
$2,560,000
Hbh2 LLC
Firgrove Business Plaza LLC
Grant Deed
—
Mar 15, 2017
—
Firgrove Business Plaza LLC
—
Deed
related
$500,000 · Sound Community Bank
May 4, 2012
$1,350,000
Firgrove Business Plaza LLC
Firgrove Plaza LLC
Grant Deed
$959,200 · Sound Community Bank
Oct 5, 2006
$2,700,000
Firgrove Plaza LLC
Jjy & Sun Corp
Warranty Deed
$1,914,330 · Pacific International Bank
Jul 21, 2005
—
Jjy & Sun Corp
J S Management INC
Quit Claim Deed
related
—
Jul 6, 2004
$1,980,000
J S Management INC
A & J Investments LLC
Warranty Deed
$980,000 · Pacific International Bank
Feb 14, 2002
$1,250,000
A & J Investments LLC
Clegg,robert & Lynda
Grant Deed
$910,210 · Charter Bank
—
—
Robert Clegg
—
Deed Of Trust
related
$825,000 · Anchor Savings Bank
—
—
Firgrove Business Plaza LLC
—
Deed Of Trust
related
$1,499,900 · Sound Community 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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