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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Office Spaces
18710 Meridian E Puyallup, WA 98375-2231
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1424405
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD FRAME
Total area
11,520 SF
Lot
0.38 ac (16,573 SF)
Zoning code
MUD
APN
6025020050
UPID
US90-1424405
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. 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.38M
Owner & transaction history
18710 Meridian LLC · 1 yrs held
18710 Meridian LLC
since 2025
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
MUD · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+23.7%
Neighborhood: shopping center
$4.9M
+14.5%
Auto repair, garage
$4.4M
+3.6%
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
$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
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
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $3.40M (Aug 5 2022)
Last sale anchor
$3.40M
Aug 5 2022
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
$293 / 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
$28,702
Tax year 2024
Assessed value
$2,737,200
Assessed 2024
Previous assessed
$2,737,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$319,400
Assessed improvement
$2,417,800
Land market value
$319,400
Improvement market value
$2,417,800
Total market value
$2,737,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
11,520 SF
Lot
0.38 ac (16,573 SF)
Zoning code
MUD
APN
6025020050
UPID
US90-1424405
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Puyallup, WAZoning MUD · permitted uses
MUD · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RESTAURANT
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
2006
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
18710 Meridian LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2603 78TH AVE NE, MEDINA, WA 98039-1520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 10, 2025
—
18710 Meridian LLC
Rnk Commercial LLC
Quitclaim Deed
related
—
Oct 14, 2022
—
Rnk Commercial LLC
—
Deed
related
$1,000,000 · Umpqua Bank
Aug 5, 2022
$3,400,000
Rnk Commercial LLC
South Meridian Properties LLC
Warranty Deed
—
Jun 14, 2007
—
South Meridian Properties LLC
Gotta Store It LLC
Quit Claim Deed
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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