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Property profile & analytics
OFF-MARKET
Strip malls
4121 Meridian Puyallup, WA 98373-5974
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1171987
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
WOOD FRAME
Total area
6,180 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CG
APN
419106008
UPID
US90-1171987
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
-
Farmers Insurance - Chris Faverty Insurance Agency
-
LEANNE MARIE PUSATERI Alternative Medicine Practice Spa & Massage Center
-
Life & Armony Physician
-
Awards Unlimited (Bike/Boat/Book/etc) Store
-
Sweet Relief Acupuncture (Plz DO NOT click the Book Online tab. It's not my business) Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Angelo U Merlino · 2 yrs held
Angelo U Merlino
since 2023
Last sale
$96,000
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,347
Tax year 2024
Assessed value
$1,650,100
Assessed 2024
Previous assessed
$1,650,100
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$990,900
Assessed improvement
$659,200
Land market value
$990,900
Improvement market value
$659,200
Total market value
$1,650,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
6
Total area
6,180 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CG
APN
419106008
UPID
US90-1171987
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.
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
6
Lot
0.48 ac
Current owner
From public records · entity-resolved
Angelo U Merlino
Individual
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
Angelo U Merlino
Angelo U Merlino
Intrafamily Transfer
related
—
Jan 28, 1998
$96,000
Merlino,angelo U
Samples,kenneth D
Trustees Deed
—
Jan 28, 1998
$535,000
Angelo Merlino
Merlino,mary L & Angelo
Quit Claim Deed
related
$280,000 · Washington Mutual Fsb
Jun 14, 1988
$290,000
Frederick A Miller
Unknown
Grant Deed
—
—
—
Merlino Living Trust
—
Deed Of Trust
related
$245,354 · Evergreenbank
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.
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