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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office Spaces
1824 Meridian Puyallup, WA 98371-7514
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1360387
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Construction
WOOD FRAME
Total area
1,728 SF
Lot
0.91 ac (39,640 SF)
Zoning code
RM-20
APN
420338020
UPID
US90-1360387
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
-
Dr. Asif Khan Physician
-
Wellness Made Easy Medical Clinic
-
Rugs Enterprise (Bike/Boat/Book/etc) Store Carpet & Flooring Store
-
Pyne Flooring Company Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$635k
Owner & transaction history
Rajinder Kaur · 2 yrs held
Rajinder Kaur
since 2023
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
M zones. § 20.25.023 Minimum density - RM zones. § 20.25.0235 RM zones menu options to achieve bonus density. § 20.25.024 Interior side yard setback zero lot line option. § 20.25.025 RM-10 dwelling unit mix. § 20.25.027 RM-20 side yard setbacks. § 20.25.028 Property development standards - Single-family uses. § 20.25.030 Required parking - Multiple-family an…
Zone name
High Density Multiple Family Residential Zone
General category
RESIDENTIAL
Zone area
489.20 ac
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
$660,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $600k (Nov 1 2023)
Last sale anchor
$600k
Nov 1 2023
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
$367 / 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
$7,392
Tax year 2024
Assessed value
$691,600
Assessed 2024
Previous assessed
$691,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$547,800
Assessed improvement
$143,800
Land market value
$547,800
Improvement market value
$143,800
Total market value
$691,600
Applied tax rate
96.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1975
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
1,728 SF
Lot
0.91 ac (39,640 SF)
Zoning code
RM-20
APN
420338020
UPID
US90-1360387
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WAZoning RM-20 · permitted uses
RM-20 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
M zones. § 20.25.023 Minimum density - RM zones. § 20.25.0235 RM zones menu options to achieve bonus density. § 20.25.024 Interior side yard setback zero lot line option. § 20.25.025 RM-10 dwelling unit mix. § 20.25.027 RM-20 side yard setbacks. § 20.25.028 Property development standards - Single-family uses. § 20.25.030 Required parking - Multiple-family and conditionally permitted uses. § 20.25.035 Signs. § 20.25.040 Performance standards
Zone name
High Density Multiple Family Residential Zone
General category
RESIDENTIAL
Zone area
489.20 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Rajinder Kaur
Individual
Free & Clear · 2 yrs held
Mailing address
23033 44TH PL S, KENT, WA 98032
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$600,000
Rajinder Kaur
Rainier Internal Medicine LLC
Warranty Deed
—
Oct 10, 2013
$500,000
Rainier Internal Medicine LLC
Gant,douglas W & Colleen K
Warranty Deed
$464,000 · Douglas W & Colleen K Gant
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
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