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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16001 56th Ave E Ct Puyallup, WA 98375-9021

    • Retail space
    • 2,478 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2023
    $500,000
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence
    Property ID
    US90-1522515
    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

    • Lil Patriots Academy Preschool & Day Care / Preschool
    • Discovery Station Childcare & Preschool Inc / Day Care Center / Child Care Agency

    Property Details for 16001 56th Ave E Ct

    Year built
    1992
    Construction
    WOOD FRAME
    Lot size
    0.51 lot acres
    Property size
    2,478 SF
    Zone code
    MUD
    Property type
    Retail space
    APN
    419306051
    APU
    419306051

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $680,000
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $591,000
      Market price range: $482k - $1.01M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $770,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,055,000
      Change: +37% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $955,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $925,000
      Change: +20% Conversion: Easy
      MEDICAL BUILDING
      $680,000
      Change: -12% Conversion: Difficult
      WAREHOUSE, STORAGE
      $630,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.354
    Latitude
    47.1106
    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
    $9,111
    $414,100
    $275,400
    $689,500
    -
    $414,100
    $275,400
    $689,500

    Comparable in this City

    • Value Estimation
      $390,000
      1,836 SF

      14804 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 1,836 SF
      14804 Meridian E, Puyallup, WA 98375-6625
      View Details
    • Value Estimation
      $3,585,000
      4,200 SF

      16802 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      16802 Meridian E, Puyallup, WA 98375-9050
      View Details
    • Value Estimation
      $1,090,000
      17,321 SF

      9502 176th E St

      RETAIL STORES (PERSONAL SERVICES) • 17,321 SF
      9502 176th E St, Puyallup, WA 98375-9300
      View Details
    • Value Estimation
      $450,000
      1,684 SF

      17512 66th Ave E Ct

      RETAIL STORES (PERSONAL SERVICES) • 1,684 SF
      17512 66th Ave E Ct, Puyallup, WA 98375-2321
      View Details
    • Value Estimation
      $1,030,000
      42,608 SF

      16014 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 42,608 SF
      16014 Meridian E, Puyallup, WA 98375-6226
      View Details
    • Value Estimation
      $450,000
      1,080 SF

      14701 Meridian E

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      14701 Meridian E, Puyallup, WA 98375-6626
      View Details

    Similar Nearby for Sale

    • $692,000

      Retail Property Across From Safeway

      Prime corner retail location across from Safeway on Canyon Road.
      17880 Canyon Rd E, Puyallup, WA 98375
      View Details
    • $700,000
      64,033 SF

      Retail Pad Site For Sale

      64,002 SF lot suitable for restaurant or medical use.
      17513 Cyn Pkwy E, Tacoma, WA 98375
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    • $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
      View Details
    • $1,700,000

      Puyallup Freestanding Retail Investment Property

      Freestanding 3,998 SF retail on 1.67 acres in Puyallup.
      6805 176Th Street Ct, Puyallup, WA 98375
      View Details
    • $1,700,000
      3,998 SF

      Free-Standing Retail Property on Large Lot

      Single tenant NNN leased retail property in fast growing area.
      6805 176Th St 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
      4,800 SF

      Retail or Medical Space Available

      4,800 SF retail or medical space for lease.
      16511 Meridian E, Puyallup, WA 98375
      View Details
    • $24 SF/Yr
      2,657 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
      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
    • Contact for pricing

      Puyallup Land for Lease

      Land available near 176th St E & Canyon Rd.
      6003 176Th St E, Puyallup, WA 98375
      View Details
    • $4,000 /Mo
      20,000 SF

      Puyallup Yard Space For Lease

      Fenced and secured yard space in a convenient location.
      17420 66Th Avenue Ct East, Puyallup, WA 98375
      View Details
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    16001 56th Ave E Ct
    Puyallup, WA 98375-9021
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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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