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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Office Spaces
15406 Meridian E Puyallup, WA 98375-9504
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0735406
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Construction
WOOD FRAME
Total area
10,340 SF
Lot
0.67 ac (29,230 SF)
Zoning code
UV
APN
419218065
UPID
US90-0735406
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
-
BlackRock Construction Group, LLC Construction Company
-
Alliance Pacific Insurance, Inc. Insurance Agency
-
Valley Sign (Bike/Boat/Book/etc) Store Printing Service
-
FORTITUDE Psychiatric Supportive Services, LLC Crisis Center Medical Clinic
-
Rebecca L. Beutler, MA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.69M
Owner & transaction history
Silverrock Dev LLC · 18 yrs held
Silverrock Dev LLC
since 2008
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%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$163 / 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
$21,322
Tax year 2024
Assessed value
$1,851,300
Assessed 2024
Previous assessed
$1,851,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$708,700
Assessed improvement
$1,142,600
Land market value
$708,700
Improvement market value
$1,142,600
Total market value
$1,851,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
1
Total area
10,340 SF
Lot
0.67 ac (29,230 SF)
Zoning code
UV
APN
419218065
UPID
US90-0735406
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
1995
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Silverrock Dev LLC
Entity
Mailing address
15406 MERIDIAN E, PUYALLUP, WA 98375-9504
Ownership since
2008
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
Jun 29, 2021
—
Silverrock Development LLC
—
Deed
related
$5,000,000 · Us Metro Bank
Dec 6, 2018
—
Silverrock Dev LLC
—
Deed
related
$1,470,000 · Bank Of The West
Mar 28, 2008
$955,000
Silverrock Dev LLC
Puyallup Sports Medicine LLC
Warranty Deed
$716,250 · Rainier Pacific Bank
—
—
Silverrock Dev LLC
—
Deed Of Trust
related
$1,470,000 · Bank Of The West
—
—
George A Yelton
—
Deed Of Trust
related
$445,000 · Puyallup Valley Bank
—
—
Silverrock Dev LLC
—
Deed Of Trust
related
$1,316,250 · Rainier Pacific Bank
—
—
Silverlock Dev LLC
—
Deed Of Trust
related
$1,288,000 · Red Canoe Cu
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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