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Property profile & analytics
OFF-MARKET
Estimated value
$11,470,000
Outlet malls
201 37th SE Ave Puyallup, WA 98374-1228
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0686423
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,078 SF
Lot
6.58 ac (286,581 SF)
Zoning code
CG
APN
419037004
UPID
US90-0686423
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
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.15M
Comparable Approach
Comparable
$12.63M
Blend (final)
Blend
$11.47M
Owner & transaction history
Dos Lagos Asset Puyallup LLC · 7 yrs held
Dos Lagos Asset Puyallup LLC
since 2018
7 recorded transactions
Zoning & alternative use
CG · 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%
$10,990,000
6.5%
$10,145,000
7%
$9,420,000
Blend value · Realmo final
$11.47M
Range $10.32M – $12.62M · ±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
$151 / 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
$152,521
Tax year 2024
Assessed value
$15,299,400
Assessed 2024
Previous assessed
$15,299,400
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$6,769,700
Assessed improvement
$8,529,700
Land market value
$6,769,700
Improvement market value
$8,529,700
Total market value
$15,299,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Total area
76,078 SF
Lot
6.58 ac (286,581 SF)
Zoning code
CG
APN
419037004
UPID
US90-0686423
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Puyallup, WA
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Units
1
Lot
6.58 ac
Current owner
From public records · entity-resolved
Dos Lagos Asset Puyallup LLC
Entity
Mailing address
9885 NOVARA LN, CYPRESS, CA 90630-6823
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2018
—
Dos Lagos Asset Puyallup LLC
Dos Lagos Asset Main LLC
Bargain And Sale Deed
$9,180,000 · Deutsche Bank
Nov 17, 2017
$5,600,000
Dos Lagos Asset Main LLC
201 37th Avenue Se Holdings Ll
Grant Deed
$7,200,000 · Thorofare Asset Based Lndg Rei
Aug 4, 2017
$7,000,000
201 37th Avenue Se Holdings Ll
Klott Leslie M|top Meridian LLC
Trustees Deed
related
—
Jun 22, 2007
$22,125,000
Top Meridian LLC
Harrison High LLC
Warranty Deed
$15,000,000 · Citigroup Global Markets Realty Cor
Jul 15, 2002
$18,057,580
Harrison-high LLC
Briar Development Co
Grant Deed
$12,100,000 · Intervest-mortgage Investment
Oct 1, 1999
—
Briar Development Co
—
Deed Of Trust
related
$1,785,000 · Bank Of America
Aug 8, 1994
$10,761,400
Briar Development Co
Supervalu Holdin
Grant Deed
$7,729,250 · Seattle-first National Bank
Feb 27, 1992
$4,029,902
Ohiocubco INC
Unknown
Grant Deed
—
—
—
Haggen INC
—
Deed Of Trust
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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