New search
Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Office Spaces
301 2nd NE Ave, Puyallup, WA 98372-3011
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1371529
Property summary
AI-generated overview
This well-maintained, two-story office building, located at 301 2nd Ave NE in Puyallup, WA 98372, offers 4,598 square feet of traditional office space. Constructed in 1981 and renovated in 2001, the Class B building boasts a desirable CBD zoning designation. Currently, there is 575 square feet of vacant space available for lease, perfect for a small business or expansion. The property features ample parking, a significant advantage in a busy business district. The building's excellent condition reflects consistent upkeep and attention to detail. The single building is situated on a lot with APN 0420272198 in Pierce County. With its convenient location in the heart of Puyallup's business district and its functional layout, this property presents a compelling opportunity for businesses seeking a well-established and easily accessible office space. The building's two stories provide flexibility for various business needs. This is a rare opportunity to secure office space in a thriving area.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Construction
WOOD FRAME
Total area
4,598 SF
Lot
0.36 ac (15,507 SF)
Zoning code
CBD
APN
420272198
UPID
US90-1371529
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
-
Mrs. Samantha Solis Counselor Practitioner Service Location
-
Appleton Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$825k
Owner & transaction history
Redwood Associates LLC · 24 yrs held
Redwood Associates LLC
since 2001
6 recorded transactions
Zoning & alternative use
CBD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Blend value · Realmo final
$825k
Range $743k – $908k · ±10%
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
$179 / 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
$9,624
Tax year 2024
Assessed value
$827,300
Assessed 2024
Previous assessed
$827,300
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$472,400
Assessed improvement
$354,900
Land market value
$472,400
Improvement market value
$354,900
Total market value
$827,300
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
1981
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Units
6
Total area
4,598 SF
Lot
0.36 ac (15,507 SF)
Zoning code
CBD
APN
420272198
UPID
US90-1371529
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Puyallup, WA
Zoning CBD · permitted uses
CBD · 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
1981
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Lot
0.36 ac
Current owner
From public records · entity-resolved
Redwood Associates LLC
Entity
Mailing address
310 29TH ST NE STE #100, PUYALLUP, WA 98372-6803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2001
$475,000
Redwood Associates LLC
Shinstine,douglas A & Drucella C
Grant Deed
$380,000 · Puyallup Valley Bank
Aug 9, 1999
$358,200
Douglas S Shinstine
Haley,david W & Janice M
Grant Deed
—
—
—
Redwood Associates LLC
—
Deed Of Trust
related
$170,000 · David A & Sally F Brower
—
—
Redwood Associates LLC
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Redwood Associates LLC
—
Deed Of Trust
related
$365,000 · Us Bank NA
—
—
Douglas A Shinstine
—
Deed Of Trust
related
$240,000 · Puyallup Valley Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 301 2nd NE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
