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Property profile & analytics
FOR LEASE
Warehouses
16609 110th E Ave, Puyallup, WA 98374-9503
Individually Owned
30-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1713996
No photos on file
For Lease
$7,085/Mo
16609 110th E Ave, Puyallup, WA 98374-9503
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
WOOD FRAME
Total area
4,992 SF
Lot
1.1 ac (47,916 SF)
Zoning code
EC
APN
419275001
UPID
US90-1713996
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
-
RMD Kwikform North America Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Michael A Boone · 30 yrs held
Michael A Boone
since 1996
7 recorded transactions
Zoning & alternative use
EC · 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$129 / 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
$8,577
Tax year 2024
Assessed value
$632,600
Assessed 2024
Previous assessed
$632,600
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$588,900
Assessed improvement
$43,700
Land market value
$588,900
Improvement market value
$43,700
Total market value
$632,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1977
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Total area
4,992 SF
Lot
1.1 ac (47,916 SF)
Zoning code
EC
APN
419275001
UPID
US90-1713996
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Puyallup, WA
Zoning EC · permitted uses
EC · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Michael A Boone
Individual
Mailing address
12802 264TH ST E, GRAHAM, WA 98338-6920
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2018
—
Michael A Boone
—
Deed
related
$340,500 · Heritage Bk
Mar 18, 1996
$210,000
Michael A Boone
Lauritzen,claudia
Grant Deed
$172,000 · Seller
May 12, 1992
$34,000
Claudia Lauritzen
Unknown
Grant Deed
—
—
—
Michael A Boone
—
Deed Of Trust
related
$377,000 · Valley Bank
—
—
Claudia Lauritzen
—
Deed Of Trust
related
$29,000 · Us Bank Of Washington
—
—
Michael A Boone
—
Deed Of Trust
related
$120,000 · Westside Community Bank
—
—
Michael A Boone
—
Deed Of Trust
related
$195,000 · Westside Community Bank
—
—
Michael A Boone
—
Deed Of Trust
related
$340,500 · Heritage Bk
—
—
Claudia Lauritzen
—
Deed Of Trust
related
$95,000 · Key Bank Of Washington
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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