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Financial
Distress signals
Property profile

15941 Meridian E Puyallup, WA 98374

FOR LEASE
Auto shops
Property ID
US90-0900834
2,080 SF 0.42 ac lot Built 1989
Last sale May 2004 · $1,890,618
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
15941 Meridian E, Puyallup, WA 98374 For Lease
Contact for pricing 1,200 SF available
15941 Meridian E, Puyallup, WA 98374
View Listing

Property summary

AI-generated overview

A second-floor office suite within a multi-unit commercial center, configured for general office use, measures approximately 1,200 square feet. The property is located on 160th Meridian E in Puyallup, Washington, near major retail shopping outlets, with the Pierce County Sheriff Substation directly across the street. The suite is part of a larger commercial center and is designed to be leased with additional NNN-type charges.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$516k
Assessed land$461k
Assessed improvement$55k
Effective rate1.33%

Value estimate

· Oct 2026
$445k
$401k – $490k
AI approach$445k
Submarket $/SF estimate$705k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 971,257.14% cap applied$17k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$386/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$214 – $786

Cap rate analysis

How does the asset earn?
971,257.14%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
UV
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.3
Law Firm11.6
Kitchen & Bath9.6

Location

15941 Meridian E Puyallup, WA 98374
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8110 176th E, Puyallup, WA 98375-2406 $280,000 Jan 2022 3,840 SF
18704 Meridian E, Puyallup, WA 98375-2230 $3,200,000 Aug 2020 3,032 SF
15120 Meridian E, Puyallup, WA 98375-6621 $350,000 Jul 2020 3,876 SF
5408 144th E, Puyallup, WA 98375-5230 $1,100,000 Dec 2019 2,400 SF
10116 171st St E, Puyallup, WA 98375-2002 $3,545,946 Sep 2019 8,500 SF
15611 Cyn E, Puyallup, WA 98375-7480 $569,719 Oct 2018 876 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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