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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Warehouses
19103 Meridian E, Puyallup, WA 98375-6221
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2587129
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2013
Construction
STEEL FRAME
Total area
5,900 SF
Lot
0.7 ac (30,525 SF)
Zoning code
MUD
APN
419343013
UPID
US90-2587129
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
-
Washington Tiny House Association Association Or Organization
-
Puyallup DJ Film Production Television Studio
-
Daffodil Storage Storage Facility
-
Seattle DJ Service Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.01M
Owner & transaction history
Sunwest Bk · 13 yrs held
Sunwest Bk
since 2013
7 recorded transactions
Zoning & alternative use
MUD · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+81.8%
Neighborhood: shopping center
$2.5M
+68.2%
Auto repair, garage
$2.3M
+52.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,495,000
Current use
RESTAURANT
$2,720,000
Change: +82% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,515,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,275,000
Change: +52% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,195,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$1,620,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±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
$340 / 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
$159,294
Tax year 2024
Assessed value
$12,559,400
Assessed 2024
Previous assessed
$12,559,400
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$353,400
Assessed improvement
$12,206,000
Land market value
$353,400
Improvement market value
$12,206,000
Total market value
$12,559,400
Applied tax rate
578.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
RADIANT
Buildings
10
Stories
1
Bathrooms
2
Total area
5,900 SF
Lot
0.7 ac (30,525 SF)
Zoning code
MUD
APN
419343013
UPID
US90-2587129
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Puyallup, WA
Zoning MUD · permitted uses
MUD · 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
$1.5M
RESTAURANT
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2013
Construction
STEEL FRAME
Heating
RADIANT
Stories
1
Buildings
10
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Sunwest Bk
Individual
Free & Clear · 13 yrs held
Mailing address
601 VLY AVE NE STE A, PUYALLUP, WA 98372-2530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2018
—
South Puyallup Storage LLC
—
Trustees Deed
related
$2,793,708 · Banner Bk
May 22, 2014
—
South Puyallup Storage LLC
—
Grant Deed
related
$3,325,000 · Banner Bk
Mar 15, 2013
—
Sunwest Bk
Westside Cmnty Bk
Quit Claim Deed
—
Mar 15, 2013
$410,000
South Puyallup Storage LLC
Sunwest Bk
Grant Deed
—
Mar 9, 2012
$483,000
Westside Cmnty Bk
Comfort Davies & Smith Ps
Trustees Deed
related
—
Jan 16, 2007
$1,150,000
Leadoff LLC
Burr,roger R
Warranty Deed
$1,116,086 · Bret Boone
Jul 24, 1990
$55,000
Roger R Burr
Buhler,virgil J
Grant Deed
$47,000 · Buhler Virgil J
—
—
Leadoff LLC
—
Deed Of Trust
related
$1,760,000 · Westside Community 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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