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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Medical Office Space
203 15th SE Ave Puyallup, WA 98372-3723
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0855413
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1941
Construction
FRAME
Total area
1,085 SF
Lot
0.27 ac (11,550 SF)
Zoning code
MED
APN
9810000301
UPID
US90-0855413
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
-
Ideal Weight & Wellness Weight Loss Service
-
Ontrak Chiropractic, PS Alternative Medicine Practice
-
Dr. Alan Sinner Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Abj LLC · 2 yrs held
Abj LLC
since 2023
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
MED · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Permitted uses - MED zone. § 20.43.015 Conditionally permitted uses - MED zone. § 20.43.020 Property development standards - MED zone. § 20.43.025 Residential uses. § 20.43.030 Design review standards. § 20.43.035 Required parking.
Zone name
Medical Zone
General category
UNKNOWN
Zone area
58.21 ac
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
$1,170,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.13M (Nov 8 2023)
Last sale anchor
$1.13M
Nov 8 2023
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
$1,060 / 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
$3,681
Tax year 2024
Assessed value
$342,200
Assessed 2024
Previous assessed
$342,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$275,100
Assessed improvement
$67,100
Land market value
$275,100
Improvement market value
$67,100
Total market value
$342,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1941
Construction
FRAME
Heating
ELECTRIC
Stories
1
Units
1
Bathrooms
1
Total area
1,085 SF
Lot
0.27 ac (11,550 SF)
Zoning code
MED
APN
9810000301
UPID
US90-0855413
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MED · Puyallup, WAZoning MED · permitted uses
MED · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Permitted uses - MED zone. § 20.43.015 Conditionally permitted uses - MED zone. § 20.43.020 Property development standards - MED zone. § 20.43.025 Residential uses. § 20.43.030 Design review standards. § 20.43.035 Required parking.
Zone name
Medical Zone
General category
UNKNOWN
Zone area
58.21 ac
Building & site characteristics
From public records
Year built
1941
Construction
FRAME
Heating
ELECTRIC
Stories
1
Units
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Abj LLC
Entity
Mailing address
1430 3RD ST SE #200, PUYALLUP, WA 98372-3703
Ownership since
2023
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
Nov 8, 2023
$1,130,000
Abj LLC
Alan E Sinner
Warranty Deed
—
Jul 19, 2016
—
Alan E Sinner
—
Deed
related
$104,100 · Donna L Sinner
—
—
Alan E Sinner
—
Deed Of Trust
related
$160,000 · Citibank Fsb
—
—
Alan E Sinner
—
Deed Of Trust
related
$104,100 · Donna L Sinner
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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