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

    1702 39Th Ave SE Puyallup, WA 98374

    • Commercial real estate
    • 5.16 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1774512
    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

    • Commercial real estate

    Property Details for 1702 39Th Ave SE

    Lot size
    5.16 lot acres
    Property type
    Commercial real estate
    APN
    0419116076

    Description

    This exceptional 5.16-acre parcel in Puyallup, Washington, presents a remarkable opportunity for investors and developers. Located at 1702 39th Ave SE, Puyallup, WA 98374 (APN 0419116076), this property boasts an existing ML zoning designation, providing significant flexibility for various uses. Currently approved for a self-storage facility, plans are in place for a 94,000 square foot structure. All necessary groundwork has been completed, including land use and civil approvals, surveys, Phase I environmental assessment, geotechnical studies, winter water analysis, and traffic studies. This comprehensive due diligence significantly reduces development timelines and risk. The property's prime location in Puyallup offers excellent access to major transportation routes and a thriving local economy. Beyond self-storage, the ML zoning allows for a range of light industrial or retail applications, making this a versatile and highly attractive investment. This turnkey opportunity is priced at $1,700,000 and represents a significant value proposition in the competitive Puyallup market. Don't miss this chance to acquire a fully prepared development site ready for immediate action.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.27104116
    Latitude
    47.15457071

    Comparable in this City

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      Puyallup Industrial Land Sale

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    • $1,700,000
      224,770 SF

      Puyallup Self-Storage Development Site

      5.16 acre self-storage development site with approvals in place.
      1702 39Th Ave SE, Puyallup, WA 98374
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    • $3,390,000

      Residential Land in Established Community

      Residential land for sale in a convenient, established community.
      11212 189Th St E, Puyallup, WA 98374
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      Puyallup Land Parcel For Sale

      Land parcel available in Puyallup, Washington.
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      Land in Tranquil Poulsbo Woods

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    Similar Nearby for Sale

    • $1,264,984
      3.63 Acres

      Puyallup Industrial Land Sale

      Prime 3.63-acre industrial lot, seller financing.
      16711 110Th Ave, Puyallup, WA 98374
      View Details
    • $2,090,000

      Prime Commercial Land Opportunity

      High-visibility commercial land suitable for retail, medical, industrial, or contractor's yard.
      15424 110Th Ave E, Puyallup, WA 98374
      View Details
    • $1,700,000
      224,770 SF

      Puyallup Self-Storage Development Site

      5.16 acre self-storage development site with approvals in place.
      1702 39Th Ave SE, Puyallup, WA 98374
      View Details
    • $3,390,000

      Residential Land in Established Community

      Residential land for sale in a convenient, established community.
      11212 189Th St E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      39,204 SF

      Puyallup Land Parcel For Sale

      Land parcel available in Puyallup, Washington.
      10310 Sunrise Blvd E, Puyallup, WA 98374
      View Details
    • $40,000

      Land in Tranquil Poulsbo Woods

      Land for recreation near water in Poulsbo, Washington.
      2 NW Park St, Poulsbo, WA 98374
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Puyallup Warehouse Space Available

      4,000 square foot warehouse space for rent in Puyallup.
      10320 122Nd St E, Puyallup, WA 98374
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    • $1.00 SF/Yr
      8,255 SF

      Puyallup Warehouse with Office Space

      8,255 SF warehouse with office space available for rent.
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    • $15 SF/Yr
      5,492 SF

      Warehouse with Secured Yard

      Warehouse, yard, and office space available for lease.
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      2,221 SF

      Puyallup Office Space Available

      Office space available for rent in Puyallup, Washington.
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      1,119 SF

      Class A Medical Office Space

      Well-landscaped medical office campus with on-site management and ample parking.
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      Puyallup Retail Space Available

      Retail space available for lease in Puyallup, Washington.
      10221-10515 156Th St E, Puyallup, WA 98374
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    Puyallup, WA 98374
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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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