Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$15,390,000
Outlet malls
301 37th SE Ave Puyallup, WA 98374-1226
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1402890
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,160 SF
Lot
7.65 ac (333,321 SF)
Zoning code
CG
APN
419037005
UPID
US90-1402890
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
-
At Home Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.36M
Comparable Approach
Comparable
$17.89M
Blend (final)
Blend
$15.39M
Owner & transaction history
Avg Puyallup LLC · 6 yrs held
Avg Puyallup LLC
since 2019
7 recorded transactions
Zoning & alternative use
CG · 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%
$12,305,000
6.5%
$11,355,000
7%
$10,545,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$23,375,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,580,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$15.39M
Range $13.85M – $16.93M · ±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
$181 / 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
$218,729
Tax year 2024
Assessed value
$21,673,400
Assessed 2024
Previous assessed
$21,673,400
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$7,662,800
Assessed improvement
$14,010,600
Land market value
$7,662,800
Improvement market value
$14,010,600
Total market value
$21,673,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
85,160 SF
Lot
7.65 ac (333,321 SF)
Zoning code
CG
APN
419037005
UPID
US90-1402890
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Puyallup, WA
Zoning CG · permitted uses
CG · 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
MEDICAL BUILDING
Est. value
$23.4M
WAREHOUSE, STORAGE
Est. value
$21.6M
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
7.65 ac
Current owner
From public records · entity-resolved
Avg Puyallup LLC
Entity
Free & Clear · 6 yrs held
Mailing address
9595 WILSHIRE BLVD STE #700, BEVERLY HILLS, CA 90212-2507
Ownership since
2019
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 29, 2021
—
Avg Puyallup LLC
—
Deed
related
$15,375,000 · Morgan Stanley Private Bank NA
Dec 31, 2019
$20,000,000
Avg Puyallup LLC
Nla Puyallup LLC
Grant Deed
—
Oct 12, 2018
—
Nla Puyallup LLC
—
Grant Deed
related
$16,000,000 · Buchanan Mtg Hldgs LLC
May 9, 2018
—
Nla Puyallup LLC
Harlan D Douglass
Warranty Deed
$1,890,000 · Cathay Bank
Nov 1, 2000
$32,000
Puyallup City (wa)
Douglass,harlan D & Maxine H
Quit Claim Deed
related
—
Feb 16, 1993
$3,025,662
Harlan D Douglass
Unknown
Grant Deed
—
—
—
Harlan D Douglass
—
Deed Of Trust
related
$3,000,000 · Us Bank Of Washington
—
—
Harlan D Douglas
—
Deed Of Trust
related
$7,200,000 · Fortis Benefits Insu
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 37th SE 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.
