Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Flex space
17925 Meridian E Puyallup, WA 98375-9603
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1176943
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2021
Construction
STEEL FRAME
Total area
9,600 SF
Lot
20.1 ac (875,556 SF)
Zoning code
EC
APN
419341009
UPID
US90-1176943
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
-
Pierce County Solid Waste Recycling Center Waste Management Facility
-
LRI LANDFILL Waste Management Facility Hazardous Waste Disposal
-
Land Recovery Recycling Ctr. Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Firgrove Mutual INC · 3 yrs held
Firgrove Mutual INC
since 2022
4 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$259 / 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
$167,869
Tax year 2024
Assessed value
$12,898,700
Assessed 2024
Previous assessed
$12,898,700
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,188,100
Assessed improvement
$9,710,600
Land market value
$3,188,100
Improvement market value
$9,710,600
Total market value
$12,898,700
Applied tax rate
220.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Total area
9,600 SF
Lot
20.1 ac (875,556 SF)
Zoning code
EC
APN
419341009
UPID
US90-1176943
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
2021
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
20.1 ac
Current owner
From public records · entity-resolved
Firgrove Mutual INC
Entity
Free & Clear · 3 yrs held
Mailing address
1235 NN LOOP W STE #205, HOUSTON, TX 77008-4701
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Firgrove Mutual INC
Pierce Co Recycling
Deed
—
Mar 28, 2001
—
Pierce County Recycling Compos
Land Recovery INC
Quit Claim Deed
related
—
—
—
Land Reccovery INC
—
Deed Of Trust
related
$13,000,000 · Us Bank
—
—
Land Recovery INC
—
Deed Of Trust
related
$3,000,000 · Us Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17925 Meridian E?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
