New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Apartment buildings
2008 Meridian Puyallup, WA 98371-4500
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0822656
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Construction
WOOD FRAME
Total area
39,461 SF
Lot
0.29 ac (12,747 SF)
Zoning code
RM-20
APN
420334111
UPID
US90-0822656
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
-
Huntington Place Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.35M
Comparable Approach
Comparable
$5.92M
Blend (final)
Blend
$5.62M
Owner & transaction history
Motu-hp Holdings LLC · 10 yrs held
Motu-hp Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$7,960,000
6.5%
$7,345,000
7%
$6,820,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,550,000
Current use
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±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
$142 / 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
$77,845
Tax year 2024
Assessed value
$7,964,300
Assessed 2024
Previous assessed
$7,964,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$409,800
Assessed improvement
$7,554,500
Land market value
$409,800
Improvement market value
$7,554,500
Total market value
$7,964,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
3
Units
14
Bathrooms
1
Total area
39,461 SF
Lot
0.29 ac (12,747 SF)
Zoning code
RM-20
APN
420334111
UPID
US90-0822656
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WA
Zoning 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
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS) Current
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
2019
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Units
14
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Motu-hp Holdings LLC
Entity
Mailing address
10 INVERNESS DR E STE #250, ENGLEWOOD, CO 80112-5612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
—
Motu-hp Holdings LLC
—
Deed
related
$950,000 · Harborstone Cu
Dec 8, 2017
—
Motu-hp Holdings LLC
—
Grant Deed
related
$7,240,000 · Harborstone Cu
Mar 9, 2016
$900,100
Motu-hp Holdings LLC
Edminster,paul M & Peggy A
Warranty Deed
$630,000 · Harborstone Cu
Aug 6, 2015
—
Paul M Edminster
Meridian Medical Properties Ll
Quit Claim Deed
related
—
Dec 22, 2009
—
Meridian Medical Props LLC
Edminster,paul M & Peggy A
Quit Claim Deed
related
—
May 29, 2001
—
Paul M Edminster
—
Trustees Deed
related
$250,000 · City Bank
—
—
Motu-hp Holdings LLC
—
Loan Modification
related
$950,000 · Harborstone Cu
—
—
Peggy A Edminster
—
Deed Of Trust
related
$132,000 · City Bank
—
—
Meridian Medical Props LLC
—
Deed Of Trust
related
$250,000 · Columbia State Bank
—
—
Meridian Medical Props LLC
—
Deed Of Trust
related
$255,554 · Columbia State 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2008 Meridian?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
