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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Warehouses
2315 Inter Ave, Puyallup, WA 98372-3424
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0710548
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
STEEL FRAME
Total area
7,084 SF
Lot
1.86 ac (81,196 SF)
Zoning code
ML
APN
2105200140
UPID
US90-0710548
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
-
Cimco Sales & Marketing Construction Company Plumbing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.01M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.13M
Owner & transaction history
6rs Properties LLC · 2 yrs held
6rs Properties LLC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
ML · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+81.8%
Commercial (general)
$3.1M
+72.4%
Neighborhood: shopping center
$3.0M
+68.2%
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
$2,225,000
ML approach
$2,010,000
CAP Approach
CAP Return
Estimation
6%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,795,000
Current use
RESTAURANT
$3,265,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,095,000
Change: +72% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,020,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,730,000
Change: +52% · Conversion: Easy
RETAIL STORES
$2,200,000
Change: +23% · Conversion: Moderate
MEDICAL BUILDING
$1,945,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.15M (Oct 13 2023)
Last sale anchor
$2.15M
Oct 13 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
$301 / 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
$21,806
Tax year 2024
Assessed value
$2,176,700
Assessed 2024
Previous assessed
$2,176,700
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,570,800
Assessed improvement
$605,900
Land market value
$1,570,800
Improvement market value
$605,900
Total market value
$2,176,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Total area
7,084 SF
Lot
1.86 ac (81,196 SF)
Zoning code
ML
APN
2105200140
UPID
US90-0710548
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RESTAURANT
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1995
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Bathrooms
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
6rs Properties LLC
Entity
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
6rs Properties LLC
Rick Velasquez
Quit Claim Deed
related
—
Oct 5, 2023
—
6rs Properties LLC
Rick Velasquez
Quit Claim Deed
related
—
Oct 3, 2018
—
Rick Velasquez
—
Deed
related
$670,000 · Ameritrust Cdc
Jul 17, 2018
$2,145,719
Rick Velasquez
Jeffrey P Cutting
Warranty Deed
$1,082,663 · Heritage Bank
Jun 23, 1994
$212,000
Jeffrey P Cutting
Krizan,leslie G
Grant Deed
—
—
—
Leslie G Krizan
—
Deed Of Trust
related
$111,402 · Seattle First Bank
—
—
Rick Velasquez
—
Deed Of Trust
related
$670,000 · Ameritrust Cdc
—
—
Rick Velasquez
—
Deed Of Trust
related
$1,082,663 · Heritage Bk
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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