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    Property profile & analytics

    15941 Meridian E Puyallup, WA 98375-9503

    • Grocery and convenience stores
    • 5,898 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1706310
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fry Pan / Restaurant
    • EZ Car Wash / Car Wash
    • ampm / Grocery & Convenience Store
    • ARCO / Grocery & Convenience Store
    • Gravity Coffee / Take-out & Catering / Cafe & Coffee Shop

    Property Details for 15941 Meridian E

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.04 lot acres
    Property size
    5,898 SF
    Zone code
    UV
    Property type
    Grocery and convenience stores
    APN
    419223064
    APU
    419223064

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $986,000
      Market price range: $946k - $3.51M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.293
    Latitude
    47.1116
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,823
    $1,506,700
    $1,050,100
    $2,556,800
    -
    $1,506,700
    $1,050,100
    $2,556,800

    Comparable in this City

    • Value Estimation
      $670,000
      2,882 SF

      17506 Meridian E

      CONVENIENCE STORE (W/FUEL PUMP) • 2,882 SF
      17506 Meridian E, Puyallup, WA 98375-6250
      View Details
    • Value Estimation
      $4,490,000
      3,050 SF

      7724 176th E St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,050 SF
      7724 176th E St, Puyallup, WA 98375-2383
      View Details
    • Value Estimation
      $700,000
      2,920 SF

      17305 Meridian E

      CONVENIENCE STORE (W/FUEL PUMP) • 2,920 SF
      17305 Meridian E, Puyallup, WA 98375-6267
      View Details
    • Value Estimation
      $5,395,000
      3,080 SF

      17519 Cyn E Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,080 SF
      17519 Cyn E Rd, Puyallup, WA 98375-2444
      View Details
    • Value Estimation
      $835,000
      2,268 SF

      15202 Meridian E

      CONVENIENCE STORE (W/FUEL PUMP) • 2,268 SF
      15202 Meridian E, Puyallup, WA 98375-9511
      View Details
    • Value Estimation
      $825,000
      5,256 SF

      17808 Cyn E Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 5,256 SF
      17808 Cyn E Rd, Puyallup, WA 98375-2328
      View Details

    Similar Nearby for Sale

    • $750,000

      Corner Retail Location For Sale

      Prime corner location across from Safeway, near Canyon Road.
      5304 176Th St E, Puyallup, WA 98375
      View Details
    • $1,500,000

      Iconic Business and Property ForSale

      Unique opportunity to purchase business and property in Puyallup South
      14407 94Th Ave E, Puyallup, WA 98375
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    • $700,000
      64,033 SF

      Retail Pad Site For Sale

      64,002 SF lot suitable for restaurant or medical use.
      17513 Canyon Pkwy E, Tacoma, WA 98375
      View Details
    • Contact for pricing

      Prime Commercial Land on Canyon

      2.27 acres ready for development on Canyon Road.
      15215 Canyon Rd E, Puyallup, WA 98375
      View Details
    • $699,000
      21,344 SF

      Retail Pad Ready For Development

      Improved retail pad with approved plans for a 4,244 SF building.
      17802 Canyon Rd E, Puyallup, WA 98375
      View Details
    • $7,520,000

      Grocery-Anchored Retail Center For Sale

      Retail center anchored by high-performing Fred Meyer in Puyallup.
      17526 Meridian Ave E, Puyallup, WA 98375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      138,521 SF

      Frederickson Retail Outparcels For Lease

      Prime South Hill location, multiple spaces available.
      176th E & Cyn Rd, South Hill, WA 98375
      View Details
    • Contact for pricing
      1,430 SF

      Retail Space in Puyallup, WA

      Retail space available for lease in Puyallup, Washington.
      17528-17530 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      9,900 SF

      Retail or Medical Space Available

      4,800 SF retail or medical space for lease.
      16511 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      175,873 SF

      South Hill Retail Center Investment

      Fred Meyer-anchored retail space. High traffic, ample parking.
      17404 Meridian Ave, Puyallup, WA 98375
      View Details
    • $2,860 /Mo
      1,430 SF

      Retail Space in Fred Meyer Center

      Retail space for lease in a shopping center.
      17528 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Puyallup Industrial Building For Rent

      Industrial building on a large lot available for lease.
      10002 162Nd Street Ct East, Puyallup, WA 98375
      View Details
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    Puyallup, WA 98375-9503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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