Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2724 Meridian E Ave Edgewood, WA 98371-2107

    • Warehouses
    • 1,870 SF
    • 1.91 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2021
    $695,000
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    3%
    Warehouses
    Location Intelligence
    Property ID
    US90-1068397
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2724 Meridian E Ave

    Year built
    1968
    Construction
    WOOD FRAME
    Lot size
    1.91 lot acres
    Property size
    1,870 SF
    Zone code
    TC
    Property type
    Warehouses
    APN
    420094015
    APU
    420094015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $770,000
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $699,000
      Market price range: $218k - $699k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $475,000
      Current use
      COMMERCIAL (GENERAL)
      $905,000
      Change: +91% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $795,000
      Change: +68% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $720,000
      Change: +52% Conversion: Easy
      RETAIL STORES
      $580,000
      Change: +22% Conversion: Moderate
      MEDICAL BUILDING
      $515,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.295
    Latitude
    47.2323
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,411
    $987,200
    $50,100
    $1,037,300
    -
    $987,200
    $50,100
    $1,037,300

    Comparable in this City

    • Value Estimation
      $990,000
      12,000 SF

      902 Meridian

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      902 Meridian, Puyallup, WA 98371
      View Details
    • Value Estimation
      $520,000
      7,700 SF

      308 Stewart

      WAREHOUSE, STORAGE • 7,700 SF
      308 Stewart, Puyallup, WA 98371-4368
      View Details
    • Value Estimation
      $1,465,000
      72,640 SF

      402 Vly NW Ave

      WAREHOUSE, STORAGE • 72,640 SF
      402 Vly NW Ave, Puyallup, WA 98371-3310
      View Details
    • Value Estimation
      $950,000
      24,662 SF

      909 Vly NW Ave

      WAREHOUSE, STORAGE • 24,662 SF
      909 Vly NW Ave, Puyallup, WA 98371-2517
      View Details
    • Value Estimation
      $480,000
      5,025 SF

      1703 19th NW Ave

      WAREHOUSE, STORAGE • 5,025 SF
      1703 19th NW Ave, Puyallup, WA 98371-0083
      View Details
    • Value Estimation
      $1,235,000
      352,894 SF

      1025 Vly NW Ave

      WAREHOUSE, STORAGE • 352,894 SF
      1025 Vly NW Ave, Puyallup, WA 98371-2515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      48,098 SF

      Puyallup Warehouse Space Available

      Industrial warehouse space for sale in Puyallup, Washington.
      910 Valley Ave NW, Puyallup, WA 98371
      View Details
    • Contact for pricing
      160,000 SF

      Puyallup Warehouse/Flex Space Available

      8,255 SF warehouse/flex space in the Seattle Metro area.
      1019 39Th Ave SE, Puyallup, WA 98371
      View Details
    • $895,000
      6,420 SF

      Valley Ave Commercial Opportunity

      Commercial property with living space, workshop, and high-traffic exposure.
      1109 Valley Ave NW Puyallup, Puyallup, WA 98371
      View Details
    • $895,000

      Valley Avenue Commercial Opportunity

      Commercial property with living space, workshop, and high-traffic street exposure.
      1109 Valley Ave, Puyallup, WA 98371
      View Details
    • $9,200,000
      95,326 SF

      Industrial Manufacturing Property For Sale

      95,326 sq ft industrial manufacturing property on 3.17 acres.
      203 5Th St NW, Puyallup, WA 98371
      View Details
    • $450,000

      Puyallup Corner Land for Sale

      Corner land parcel in Puyallup suitable for multifamily development.
      3Rd St SE, Puyallup, WA 98371
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,080 SF

      Puyallup Warehouse Space For Rent

      Warehouse space featuring dual roll-up doors and interior office.
      12310-12314 Meridian Ave East, Puyallup, WA 98371
      View Details
    • $0.88 SF/Yr
      37,996 SF

      Puyallup Warehouse Space Available Now

      37,996 SF warehouse space with office near SR-167.
      914 Valley Ave Northwest, Puyallup, WA 98371
      View Details
    • $0.86 SF/Yr
      127,843 SF

      Puyallup Warehouse Space Available

      127,843 SF warehouse space with spec office available for lease.
      17433 63Rd Ave E, Puyallup, WA 98371
      View Details
    • Contact for pricing
      93,000 SF

      Puyallup Warehouse Space Available

      93,000 square foot warehouse space for lease in Puyallup.
      901 N Levee Rd, Puyallup, WA 98371
      View Details
    • Contact for pricing
      8,012 SF

      Puyallup Warehouse with Office Space

      8,012 SF warehouse with office space, available October 2025.
      910-914 Valley Ave NW, Puyallup, WA 98371
      View Details
    • $0.94 SF/Yr
      65,119 SF

      Puyallup Warehouse Space Available

      65,119 SF warehouse space available for lease in Puyallup.
      919 N Levee Rd, Puyallup, WA 98371
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2724 Meridian E Ave
    Edgewood, WA 98371-2107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.