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Property profile & analytics
OFF-MARKET
Estimated value
$52,880,000
Warehouses
19000 Cyn E Rd, Puyallup, WA 98375-9746
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1580401
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
282,300 SF
Lot
20.31 ac (884,704 SF)
Zoning code
EC
APN
319368013
UPID
US90-1580401
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
-
NWD Garage Door Repair Building Supply General Contractor
-
Hörmann - Puyallup Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$53.04M
Comparable Approach
Comparable
$59.44M
Blend (final)
Blend
$52.88M
Owner & transaction history
Pierce County · 3 yrs held
Pierce County
since 2022
4 recorded transactions
Zoning & alternative use
EC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$87.7M
+22.6%
Medical building
$77.5M
+8.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$57,460,000
6.5%
$53,040,000
7%
$49,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$71,540,000
Current use
RETAIL STORES
$87,735,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$77,495,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$52.88M
Range $47.59M – $58.17M · ±10%
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
$187 / 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
$343,312
Tax year 2024
Assessed value
$24,909,700
Assessed 2024
Previous assessed
$24,909,700
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$14,544,700
Assessed improvement
$10,365,000
Land market value
$14,544,700
Improvement market value
$10,365,000
Total market value
$24,909,700
Applied tax rate
591.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
282,300 SF
Lot
20.31 ac (884,704 SF)
Zoning code
EC
APN
319368013
UPID
US90-1580401
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$71.5M
RETAIL STORES
Est. value
$87.7M
MEDICAL BUILDING
Est. value
$77.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
20.31 ac
Current owner
From public records · entity-resolved
Pierce County
Entity
Free & Clear · 3 yrs held
Mailing address
19000 CYN RD E, PUYALLUP, WA 98375-9746
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
Aug 2, 2022
—
Pierce County
Frederickson 50 LLC
Warranty Deed
—
Oct 5, 2015
$24,000,000
Hormann Northwest Door LLC
Dewitt Investments LLC
Warranty Deed
—
Jun 7, 2006
—
Dewitt Investments LLC
—
Deed Of Trust
related
$11,115,000 · Corporate Fin Managers INC
Dec 22, 2005
—
Dewitt Investments LLC
Port Of Tacoma
Grant Deed
$5,300,000 · Wells Fargo Bank
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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