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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Grocery and convenience stores
1502 Meridian Puyallup, WA 98371-7528
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0062989
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1992
Construction
WOOD FRAME
Total area
2,763 SF
Lot
0.9 ac (39,118 SF)
Zoning code
CG
APN
420338035
UPID
US90-0062989
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
-
Krispy Krunchy Chicken Restaurant
-
Chevron Gas Station
-
LibertyX Bitcoin ATM Atm
-
EM ExtraMile Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$690k
Owner & transaction history
Thousand Summer INC · 8 yrs held
Thousand Summer INC
since 2018
7 recorded transactions
Zoning & alternative use
CG · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CG General Commercial Zone. The CG zone is intended to provide for retailing and other commercial services that serve the large market area surrounding the Puyallup community. Such commercial developments usually rely upon the automobile as their principal source of access. Maximum building heights range between four and six stories. In contrast to the CB zo…
Zone name
General Commercial Zone
General category
COMMERCIAL
Zone area
288.87 ac
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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$250 / 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
$21,662
Tax year 2024
Assessed value
$2,158,800
Assessed 2024
Previous assessed
$2,158,800
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,376,000
Assessed improvement
$782,800
Land market value
$1,376,000
Improvement market value
$782,800
Total market value
$2,158,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1992
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,763 SF
Lot
0.9 ac (39,118 SF)
Zoning code
CG
APN
420338035
UPID
US90-0062989
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Puyallup, WAZoning CG · permitted uses
CG · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CG General Commercial Zone. The CG zone is intended to provide for retailing and other commercial services that serve the large market area surrounding the Puyallup community. Such commercial developments usually rely upon the automobile as their principal source of access. Maximum building heights range between four and six stories. In contrast to the CB zone, some uses in the CG zone may require large tracts of land and involve outdoor display of products for sale (such as automobile sales). The CG zone is also intended to allow some uses which are quasi-light industrial in character. ( Ord. 2147 Exh. A , 1987 ; Ord. 2454
Zone name
General Commercial Zone
General category
COMMERCIAL
Zone area
288.87 ac
Building & site characteristics
From public records
Year built
1992
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Thousand Summer INC
Entity
Mailing address
1502 S MERIDIAN, PUYALLUP, WA 98371-7528
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2018
$2,999,719
Thousand Summer INC
Aj Hwang Corporation
Warranty Deed
$3,195,000 · Mountain Pacific Bank
Sep 2, 2015
$1,650,000
Aj Hwang Corporation
E Mw21 INC
Warranty Deed
$1,625,000 · Open Bank
Jun 22, 2007
$2,125,000
E-mw21 INC
Laxmi INC
Warranty Deed
$1,800,000 · Innovative Bank
Jun 22, 2006
$1,500,000
Laxmi INC
Naboulsi Nourdine LLC
Warranty Deed
$2,000,000 · Hanmi Bank
Sep 28, 2001
$760,000
Naboulsi Nourdine LLC
Atlantic Richfield Co
Grant Deed
$475,375 · Zions First National Bank
Jan 3, 1992
$500,000
Atlantic Richfield Co
Unknown
Grant Deed
—
—
—
E-mw21 INC
—
Deed Of Trust
related
$760,000 · Unibank
—
—
E-mw21 INC
—
Deed Of Trust
related
$1,340,000 · Unibank
—
—
Emw-21
—
Deed Of Trust
related
$100,000 · Laxmi INC
—
—
E-mw21 INC
—
Deed Of Trust
related
$1,000,000 · Hoon G & Kyeng E Lee
—
—
E-mw21 INC
—
Deed Of Trust
related
$200,000 · Jls Retail Group LLC
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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