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Property profile & analytics
OFF-MARKET
Estimated value
$5,400,000
Retail space
4404 Meridian, Puyallup, WA 98373-9500
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1081664
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,355 SF
Lot
0.9 ac (39,160 SF)
Zoning code
MUC
APN
4320000914
UPID
US90-1081664
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
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-thru Testing at Walgreens Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$5.40M
Owner & transaction history
Gnd Holdings LLC · 5 yrs held
Gnd Holdings LLC
since 2021
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
MUC · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+48.2%
Neighborhood: shopping center
$6.1M
+37.1%
Auto repair, garage
$5.5M
+24.1%
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
$7,235,000
CAP Approach
CAP Return
Estimation
6%
$3,990,000
6.5%
$3,680,000
7%
$3,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,460,000
Current use
RESTAURANT
$6,615,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,120,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,535,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,175,000
Change: -6% · Conversion: Easy
MEDICAL BUILDING
$3,940,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,640,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.40M
Range $4.86M – $5.94M · ±10% · vs last sale $5.85M (Apr 30 2021)
Last sale anchor
$5.85M
Apr 30 2021
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
$376 / 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
$31,796
Tax year 2024
Assessed value
$3,137,600
Assessed 2024
Previous assessed
$3,137,600
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,476,400
Assessed improvement
$1,661,200
Land market value
$1,476,400
Improvement market value
$1,661,200
Total market value
$3,137,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,355 SF
Lot
0.9 ac (39,160 SF)
Zoning code
MUC
APN
4320000914
UPID
US90-1081664
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUC · Puyallup, WA
Zoning MUC · permitted uses
MUC · 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
RETAIL STORES Current
Est. value
$4.5M
RESTAURANT
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.6M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Gnd Holdings LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$5,850,000
Gnd Holdings LLC
George Fakhir & Andrew Fakhir Partn
Bargain And Sale Deed
$3,535,000 · Us Bank NA
Mar 26, 2018
—
George Fakhir & Andrew Fakhir
George Fakhir & Andrew Fakhir
Deed
related
$2,467,000 · Interaudi Bk
Nov 16, 2001
$4,900,000
George Partner
Puyallup Trust
Grant Deed
$2,600,000 · Bank Audi (usa)
—
—
George Fakhir
—
Deed Of Trust
related
$2,135,000 · General Electric Capital Corp
—
—
George Fakhir & Andrew Fakhir
—
Loan Modification
related
$2,467,000 · Interaudi Bk
—
—
George Ptshp
—
Deed Of Trust
related
$3,535,000 · General Electric Capital Corp
—
—
Sgg LLC
—
Deed Of Trust
related
$169,265 · Bank Of Sumner
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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