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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Warehouses
16826 Meridian E, Puyallup, WA 98375
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1383546
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Construction
WOOD FRAME
Total area
7,200 SF
Lot
2.48 ac (108,116 SF)
Zoning code
MUD
APN
419288007
UPID
US90-1383546
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.30M
Owner & transaction history
Puyallup Storage & Rv LLC · 11 yrs held
Puyallup Storage & Rv LLC
since 2015
7 recorded transactions
Zoning & alternative use
MUD · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+81.8%
Neighborhood: shopping center
$3.1M
+68.2%
Auto repair, garage
$2.8M
+52.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,825,000
Current use
RESTAURANT
$3,315,000
Change: +82% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,070,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,775,000
Change: +52% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,680,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$2,240,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$1,975,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$319 / 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
$51,570
Tax year 2024
Assessed value
$4,266,300
Assessed 2024
Previous assessed
$4,266,300
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,508,100
Assessed improvement
$2,758,200
Land market value
$1,508,100
Improvement market value
$2,758,200
Total market value
$4,266,300
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Bathrooms
1
Total area
7,200 SF
Lot
2.48 ac (108,116 SF)
Zoning code
MUD
APN
419288007
UPID
US90-1383546
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Puyallup, WA
Zoning MUD · permitted uses
MUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1987
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Puyallup Storage & Rv LLC
Entity
Mailing address
16820 MERIDIAN E, PUYALLUP, WA 98375-9604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Feb 20, 2015
$1,799,719
Puyallup Storage & Rv LLC
Thomas O Maddux
Warranty Deed
$1,800,000 · Columbia State Bank
Jun 12, 2009
—
Verus-puyallup LLC
—
Deed Of Trust
related
$11,400,000 · Columbia Pacific Opportunity F
Jan 18, 2008
$9,760,944
Verus-puyallup LLC
Simon Of Johnson LLC
Warranty Deed
—
Aug 28, 2006
$1,900,000
Epc Holding 715 LLC
Schmidt,walter W & Linda M
Warranty Deed
$1,900,000 · Key Bank NA
—
—
Ted & Associates
—
Deed Of Trust
related
$1,099,296 · Venture Bank
—
—
Simon Of Johnson LLC
—
Deed Of Trust
related
$1,900,000 · Key Bank NA
—
—
Cobalt Storage Puyallup LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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