Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3318 Meridian E Ave Edgewood, WA 98371-2610
    Back to Search
    Property profile & analytics

    3318 Meridian E Ave, Edgewood, WA 98371-2610

    View on Map
    • Commercial real estate
    • 922 SF
    • 0.63 lot acres
    Off-Market
    Property ID
    US90-0859795
    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

    • Commercial real estate

    Property Details for 3318 Meridian E Ave

    Year built
    1931
    Construction
    FRAME
    Lot size
    0.63 lot acres
    Zone code
    PLANNED PR
    Property type
    Commercial real estate
    APN
    420161019
    APU
    420161019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2022 — Sergey Stefanyuk — Deed · related $155k · Nfm INC
    Jul 15, 2019 — Sergey Stefanyuk — Deed · related $158k · Guild Mortgage Co
    Dec 21, 2018 $207,955 Sergey Stefanyuk Randy Hanson Warranty Deed —
    Aug 1, 2016 $150,000 Randy Hanson Dill Marie E Family Trust Warranty Deed —

    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
    Edgewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.295
    Latitude
    47.2273
    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
    $2,280
    $185,000
    $25,600
    $210,600
    -
    $185,000
    $25,600
    $210,600

    Comparable in this City

    • Value Estimation
      $1,160,000
      3,868 SF

      105 9th SW Ave

      COMMERCIAL (GENERAL)
      105 9th SW Ave, Puyallup, WA 98371-6814
      View Details
    • Value Estimation by Request
      2.50 Acres

      3315 Meridian E Ave

      COMMERCIAL (GENERAL)
      3315 Meridian E Ave, Edgewood, WA 98371-2609
      View Details
    • Value Estimation
      $605,000
      2,148 SF

      6211 Pioneer E Way

      COMMERCIAL (GENERAL)
      6211 Pioneer E Way, Puyallup, WA 98371-4954
      View Details
    • Value Estimation by Request
      12.20 Acres

      1926 Meridian E Ave

      COMMERCIAL (GENERAL)
      1926 Meridian E Ave, Edgewood, WA 98371-1017
      View Details
    • Value Estimation by Request
      760 SF

      927 Meridian E Ave

      COMMERCIAL (GENERAL)
      927 Meridian E Ave, Edgewood, WA 98371-1067
      View Details
    • Value Estimation
      $650,000
      1,724 SF

      1009 Meridian E Ave

      COMMERCIAL (GENERAL)
      1009 Meridian E Ave, Edgewood, WA 98371-1065
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Opportunity in Downtown Puyallup

      Fire-damaged skating rink property in key location, set for redevelopment.
      1113 N Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing
      6,420 SF

      Commercial Property with Living Space

      Commercial property featuring living space, workshop, and high-traffic location.
      1109 Valley Ave NW, Puyallup, WA 98371
      View Details
    • $10,250,000
      43,164 SF

      Extended Stay Hotel For Sale

      133-key extended stay hotel in the Seattle–Tacoma metro.
      2101 Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing

      Class-A Office Space Available

      160,000 RSF of Class-A office space in Puyallup, WA.
      1015 39Th Ave SE, Puyallup, WA 98371
      View Details
    • $1,979,793
      128,937 SF

      Puyallup Land Parcel For Sale

      Large land parcel available in Puyallup, Washington.
      1700 S Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing

      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

    Similar Nearby for Lease

    • $24,496
      27,836 SF

      Puyallup Warehouse with Office Space

      27,836 SF warehouse with office, dock doors, and parking.
      938 Valley Ave NW, Puyallup, WA 98371
      View Details
    • $194,797
      49,693 SF

      Puyallup Pad Site For Rent

      Excellent pad site with high visibility and multiple access points.
      1403 Meridian, Puyallup, WA 98371
      View Details
    • $10,280 /Mo
      51,401 SF

      Puyallup Yard Space for Lease

      Fenced and graveled 1.18 acre yard for lease.
      7806 River Rd E, Puyallup, WA 98371
      View Details
    • $114,998
      26,136 SF

      Puyallup Downtown Pad Sites ForRent

      Prime pad sites in downtown Puyallup, visible from SR512.
      1403 Meridian, 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
    • Contact for pricing
      3,241 SF

      Puyallup Pad Site For Rent

      Excellent pad site with high visibility and multiple access points.
      1403 S Meridian, 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.
    3318 Meridian E Ave
    Edgewood, WA 98371-2610
    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

    Thank You for Inquiry
    3318 Meridian E Ave, Edgewood, WA, 98371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!