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    Property profile & analytics

    18710 Meridian E Puyallup, WA 98375-2231

    • Office Properties & Spaces
    • 11,520 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2022
    $3,400,000
    Value Estimations
    $3,380,000
    Show details
    Cap Rate Potential
    4.1%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US90-1424405
    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

    • Dr. Karim Banani / Dental Office
    • Susan Jankelson, PT / Physician
    • Bisson Kimberly A / Physician
    • Jovante Guerra / Spa & Massage Center / Alternative Medicine Practice
    • Rainier Family Physical Therapy / Medical Clinic

    Property Details for 18710 Meridian E

    Year built
    2006
    Construction
    WOOD FRAME
    Lot size
    0.38 lot acres
    Property size
    11,520 SF
    Zone code
    MUD
    Property type
    Office Properties & Spaces
    APN
    6025020050
    APU
    6025020050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,330,000
      ML approach
      $3,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,280,000
      6.5%
      $2,105,000
      7%
      $1,955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,156,000
      Market price range: $2.20M - $7.38M
      AI Estimate
      $2,391,000
      Market price range: $683k - $3.64M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,290,000
      Current use
      RESTAURANT
      $5,305,000
      Change: +24% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,910,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,445,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $3,580,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.295
    Latitude
    47.0857
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $28,702
    $319,400
    $2,417,800
    $2,737,200
    -
    $319,400
    $2,417,800
    $2,737,200

    Comparable in this City

    • Value Estimation
      $2,285,000
      14,344 SF

      17615 85th Ave E Ct

      OFFICE (GENERAL) • 14,344 SF
      17615 85th Ave E Ct, Puyallup, WA 98375-1902
      View Details
    • Value Estimation
      $1,690,000
      10,340 SF

      15406 Meridian E

      OFFICE (GENERAL) • 10,340 SF
      15406 Meridian E, Puyallup, WA 98375-9504
      View Details
    • Value Estimation by Request
      29,416 SF

      16515 Meridian Ave

      Medical offices • 29,416 SF
      16515 Meridian Ave, Puyallup, WA 98375
      View Details
    • Value Estimation
      $5,915,000
      20,086 SF

      5625 192nd E St

      OFFICE (GENERAL) • 20,086 SF
      5625 192nd E St, Puyallup, WA 98375-5501
      View Details
    • Value Estimation by Request
      1,348 SF

      15311 Cyn E Rd

      OFFICE (GENERAL) • 1,348 SF
      15311 Cyn E Rd, Puyallup, WA 98375-7473
      View Details
    • Value Estimation by Request
      1,920 SF

      15115 Cyn E Rd

      OFFICE (GENERAL) • 1,920 SF
      15115 Cyn E Rd, Puyallup, WA 98375-7379
      View Details

    Similar Nearby for Sale

    • $700,000
      64,033 SF

      Retail Pad Site For Sale

      64,002 SF lot suitable for restaurant or medical use.
      17513 Cyn Pkwy E, Tacoma, WA 98375
      View Details
    • $750,000

      Corner Retail Location For Sale

      Prime corner location across from Safeway, near Canyon Road.
      5304 176Th St E, Puyallup, WA 98375
      View Details
    • $2,000,000
      1 SF

      Puyallup Commercial Land For Sale

      1.83-acre lot with shop building in growing South Hill neighborhood.
      10011 144Th St E, Puyallup, WA 98375
      View Details
    • $800,000

      Puyallup Land Ready to Build

      Three flat lots in Puyallup, ready for new construction.
      16021 67Th Ave, Puyallup, WA 98375
      View Details
    • $1,400,000
      66,647 SF

      1.53 Acre Corner Lot

      Corner lot in Fredrickson, zoned NCOR, allows multifamily and commercial.
      7301 176Th St E, Tacoma, WA 98375
      View Details
    • Contact for pricing

      Development Opportunity in Puyallup, WA

      Flat, vacant 5-acre parcel near large development project.
      7714 166Th Street Ct, Puyallup, WA 98375
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail or Medical Space Available

      4,800 SF retail or medical space for lease.
      16511 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      78,408 SF

      Puyallup Land with Shop

      Land with small house and 1,200 SF shop.
      5516 144Th St, Puyallup, WA 98375
      View Details
    • Contact for pricing
      2,657 SF

      Retail Space in Puyallup, WA

      Retail space available for lease in Puyallup, Washington.
      17528-17530 Meridian E, Puyallup, WA 98375
      View Details
    • $1.20 SF/Yr
      24,240 SF

      Meridian Avenue Location Available

      Excellent location in South Hill with direct lease opportunity.
      9918 162Nd Street Ct E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      175,873 SF

      South Hill Retail Center Investment

      Fred Meyer-anchored retail space. High traffic, ample parking.
      17404 Meridian Ave, Puyallup, WA 98375
      View Details
    • $4,000 /Mo
      20,000 SF

      Puyallup Yard Space For Lease

      Fenced and secured yard space in a convenient location.
      17420 66Th Avenue Ct East, Puyallup, WA 98375
      View Details
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    Puyallup, WA 98375-2231
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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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