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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office Spaces
210 23rd SE St Puyallup, WA 98372-4118
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2216252
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1907
Construction
WOOD FRAME
Total area
2,313 SF
Lot
0.31 ac (13,400 SF)
Zoning code
ML
APN
2105200280
UPID
US90-2216252
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$1.05M
Owner & transaction history
Kaletnik Village LLC · 3 yrs held
Kaletnik Village LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
ML · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial (ML) design standards. § 20.26.500 Zone transition standards. Chapter 20.28 OP PROFESSIONAL OFFICE ZONE § 20.28.001 OP zone. § 20.28.005 Description and purpose. § 20.28.010 Permitted uses - OP professional office zone.
Zone name
Limited Manufacturing Zone
General category
INDUSTRIAL
Zone area
592.28 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
$1,050,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$985,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.07M (Oct 31 2022)
Last sale anchor
$1.07M
Oct 31 2022
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
$452 / 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
$5,732
Tax year 2024
Assessed value
$477,900
Assessed 2024
Previous assessed
$477,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$248,300
Assessed improvement
$229,600
Land market value
$248,300
Improvement market value
$229,600
Total market value
$477,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1907
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
2
Total area
2,313 SF
Lot
0.31 ac (13,400 SF)
Zoning code
ML
APN
2105200280
UPID
US90-2216252
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ML · Puyallup, WAZoning ML · permitted uses
ML · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial (ML) design standards. § 20.26.500 Zone transition standards. Chapter 20.28 OP PROFESSIONAL OFFICE ZONE § 20.28.001 OP zone. § 20.28.005 Description and purpose. § 20.28.010 Permitted uses - OP professional office zone.
Zone name
Limited Manufacturing Zone
General category
INDUSTRIAL
Zone area
592.28 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$890,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1907
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Kaletnik Village LLC
Entity
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
Kalentnik Village LLC
—
Deed
related
$2,450,000 · Red Canoe Cu
Oct 31, 2022
$1,071,786
Kaletnik Village LLC
Twwi Investments LLC
Warranty Deed
$1,550,000 · Washington Trust Bank
Aug 6, 2007
$300,000
Twwi Investments LLC
Mitchell,brian
Warranty Deed
$400,000 · Sterling Savings Bank
Oct 24, 1996
—
Brian Mitchell
Mitchell,david R & Linda L
Quit Claim Deed
related
$110,400 · Fhb Funding Corp
Sep 15, 1993
$55,000
Brian Et Al Mitchell
Murphy
Grant Deed
$34,600 · Seller
—
—
Brian Mitchell
—
Deed Of Trust
related
$14,076 · Us Bank Of Washington
—
—
Brian Mitchell
—
Deed Of Trust
related
$80,000 · David R & Linda L Mitchell
—
—
Twwi Investments LLC
—
Deed Of Trust
related
$36,857 · Russell & Dee D Lyndig
—
—
Twwi Investments LLC
—
Deed Of Trust
related
$359,000 · Russell Lydig
—
—
Brian D Mitchell
—
Deed Of Trust
related
$118,098 · All American Mortgage INC
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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