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Property profile & analytics
OFF-MARKET
Estimated value
$2,870,000
Flex space
212 10th SE St Puyallup, WA 98372-3403
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0916101
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,837 SF
Lot
1.32 ac (57,586 SF)
Zoning code
ML
APN
420274001
UPID
US90-0916101
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
-
Watts Specialties, LLC. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$2.87M
Owner & transaction history
James D Collins · 5 yrs held
James D Collins
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
ML · 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
$3,230,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
$2,820,000
6.5%
$2,605,000
7%
$2,420,000
Blend value · Realmo final
$2.87M
Range $2.58M – $3.16M · ±10% · vs last sale $2.50M (Mar 31 2021)
Last sale anchor
$2.50M
Mar 31 2021
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
$170 / 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
$26,009
Tax year 2024
Assessed value
$2,402,700
Assessed 2024
Previous assessed
$2,402,700
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$920,500
Assessed improvement
$1,482,200
Land market value
$920,500
Improvement market value
$1,482,200
Total market value
$2,402,700
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
16,837 SF
Lot
1.32 ac (57,586 SF)
Zoning code
ML
APN
420274001
UPID
US90-0916101
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
ML · Puyallup, WA
Zoning ML · permitted uses
ML · 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
James D Collins
Individual
Mailing address
PO BOX 2061, TACOMA, WA 98401-2061
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 31, 2021
$2,500,000
James D Collins
Cmu LLC
Warranty Deed
$1,875,000 · Telco Community Cu
Jan 23, 2019
—
Cmu LLC
—
Deed
related
$533,244 · Bank Of The West
Aug 7, 2008
$1,100,000
Cmu LLC
Beyers,fred R & Lynda M
Warranty Deed
$825,000 · Bank Of The West
May 28, 2008
—
City Of Puyallup
Beyers,fred & Lynda
Warranty Deed
—
Oct 6, 1994
—
Fred R Beyers
Imeson,paul & Joanne
Quit Claim Deed
related
—
Jun 1, 1994
$335,000
Fred R Beyers
American Olympic
Grant Deed
—
—
—
Cmu LLC
—
Loan Modification
related
$533,244 · Bank Of The West
—
—
Fred R Beyers
—
Deed Of Trust
related
$55,800 · Us Small Business Admn
—
—
Fred R Beyers
—
Deed Of Trust
related
$233,880 · Key Bank NA
—
—
Fred R Beyers
—
Deed Of Trust
related
$235,000 · Key Bank Of Washington
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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