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    2510 32Nd Ave Puyallup, WA 98374

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    2510 32Nd Ave Puyallup, WA 98374

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    • Investment properties
    • 0.23 lot acres
    Off-Market
    Property ID
    US90-2363535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cover Boy's Painting & Drywall / General Contractor

    Property Details for 2510 32Nd Ave

    Lot size
    0.23 lot acres
    Property type
    Investment properties

    Description

    This exceptional turn-key adult family home, situated in the desirable Manorwood community of Puyallup, WA, presents a unique business opportunity. The property, located at 2510 32nd Avenue SE, sits on a 0.23-acre lot and is fully licensed to accommodate six residents, with the potential to expand to eight. The spacious home boasts eight large bedrooms and three bathrooms, providing ample space for residents and staff. The inviting floor plan features a formal living area upon entry, seamlessly flowing into an open-concept kitchen, dining, and family room. This area opens directly to the indoor pool, creating a perfect space for entertaining or resident relaxation. Adding to the luxurious amenities is an included jacuzzi and sauna. The home also includes a spa-like bathroom with a large soaking tub, offering residents a comfortable and relaxing environment. Abundant storage and ample parking are additional benefits. This property offers a rare combination of comfortable living spaces and a well-established business infrastructure, making it an ideal investment for an entrepreneur seeking a thriving adult family home operation in a highly sought-after neighborhood. The asking price is $75,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2599
    Latitude
    47.16096

    Comparable in this City

    • $2,090,000

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      Puyallup Townhome Development Opportunity

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      Puyallup Land Parcel For Sale

      Land parcel available in Puyallup, Washington.
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      7,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building for sale in Puyallup.
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    • $1,264,984

      Puyallup Land Near Meridian

      3.36 acres of land for sale near 110th Avenue E.
      16711 110Th Ave E, Puyallup, WA 98374
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      Puyallup Self-Storage Development Site

      5.16 acre self-storage development site in Puyallup, WA.
      1702 39Th Ave SE, Puyallup, WA 98374
      View Details

    Similar Nearby for Sale

    • $2,090,000

      Commercial Land Near Sunrise Village

      4-acre commercial land parcel near Sunrise Village shopping center.
      15424 110Th Ave E, Puyallup, WA 98374
      View Details
    • Contact for pricing

      Puyallup Townhome Development Opportunity

      12 townhomes in prime location near freeways, shopping, and dining.
      113 27Th Avenue Ct, Puyallup, WA 98374
      View Details
    • Contact for pricing
      39,204 SF

      Puyallup Land Parcel For Sale

      Land parcel available in Puyallup, Washington.
      10310 Sunrise Blvd E, Puyallup, WA 98374
      View Details
    • Contact for pricing
      7,000 SF

      South Hill Medical/Dental Building

      7,800 SF medical/dental building for sale in Puyallup.
      10317 122Nd St E, Puyallup, WA 98374
      View Details
    • $1,264,984

      Puyallup Land Near Meridian

      3.36 acres of land for sale near 110th Avenue E.
      16711 110Th Ave E, Puyallup, WA 98374
      View Details
    • Contact for pricing

      Puyallup Self-Storage Development Site

      5.16 acre self-storage development site in Puyallup, WA.
      1702 39Th Ave SE, Puyallup, WA 98374
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,000 SF

      Puyallup Medical/Dental Building For Lease

      7,800 SF medical/dental building in Puyallup's South Hill area.
      10317 122Nd St E, Puyallup, WA 98374
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    • $213,228
      104,438 SF

      Newly Constructed Office Space Available

      Brand new office space with modern infrastructure and structural safety.
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    • $5,670 /Mo
      2,520 SF

      Office Space in Arabella Park

      2,520 SF office space in Arabella Business Park.
      13909 Meridian E, Puyallup, WA 98374
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    • $8,400 /Mo
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      Garage Style Suite For Rent

      Garage style suite ideal for light manufacturing in Puyallup.
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      4,000 SF

      Puyallup Warehouse Space Available

      4,000 square foot warehouse space for rent in Puyallup.
      10320 122Nd St E, Puyallup, WA 98374
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    • Contact for pricing

      Retail Space in High-Traffic Corridor

      Retail space with excellent access and visibility in Puyallup.
      10312 120Th St E, Puyallup, WA 98374
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    Puyallup, WA 98374
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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