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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Medical Office Space
16021 Meridian E Puyallup, WA 98375-9605
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0955804
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
WOOD FRAME
Total area
3,739 SF
Lot
0.69 ac (30,046 SF)
Zoning code
UV
APN
419276001
UPID
US90-0955804
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
-
Gray Matthew DDS Dental Office
-
Meridian Dental Care: Grosser Barry D DDS Dental Office
-
Jeff Hobson, DDS Dental Office
-
Meridian Dental Care Dental Office
-
Jeffrey Brus, DMD, PLLC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$780k
Owner & transaction history
Jk Investment Properties LLC · 19 yrs held
Jk Investment Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
UV · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+13.2%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,025,000
Current use
RETAIL STORES
$1,160,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$950,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$209 / 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
$15,135
Tax year 2024
Assessed value
$1,337,600
Assessed 2024
Previous assessed
$1,337,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,215,300
Assessed improvement
$122,300
Land market value
$1,215,300
Improvement market value
$122,300
Total market value
$1,337,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
3,739 SF
Lot
0.69 ac (30,046 SF)
Zoning code
UV
APN
419276001
UPID
US90-0955804
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$950,000
MEDICAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Jk Investment Properties LLC
Entity
Mailing address
16021 MERIDIAN E, PUYALLUP, WA 98375-9605
Ownership since
2007
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
Aug 9, 2016
—
Jk Investment Propeties LLC
—
Deed
related
$210,000 · Keybank USA
May 29, 2007
—
Jk Investment Properties LLC
Jeffrey J Brus
Quit Claim Deed
related
$1,300,000 · Wells Fargo Bank NA
Apr 28, 2004
—
Pierce County (wa)
Brus,jeffrey J
Grant Deed
related
—
Mar 21, 1997
$350,000
Brus,jeffrey J
Epstein Partnership
Trustees Deed
—
Mar 21, 1997
—
Brus,jeffrey J
—
Grant Deed
related
$1,401,000 · Money Store Investment Corp
—
—
Jk Investment Properties LLC
—
Deed Of Trust
related
$940,000 · Keybank USA
—
—
Jk Investment Propeties LLC
—
Deed Of Trust
related
$210,000 · Keybank USA
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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