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Property profile & analytics
OFF-MARKET Estimated value $765,000
Turn key restaurants

506 Meridian Puyallup, WA 98371-8639

2,200 SF 0.24 ac lot Built 1963
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US90-0601390
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1963
Construction WOOD FRAME
Total area 2,200 SF
Lot 0.24 ac (10,609 SF)
Zoning code CBD
APN 7945000012
UPID US90-0601390
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
  • Fiesta Taqueria & Tequila Bar Downtown Restaurant
  • zxc Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$696k
Blend (final) Blend
$765k
Owner & transaction history
B Bhargava LLC · 2 yrs held
B Bhargava LLC
since 2024
Last sale
$765,000
5 recorded transactions
2024
$765,000
2002
$420,569
2002
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD Central Business District Zone. The CBD zone is intended to provide for commercial services in a fashion that preserves and enhances the pedestrian scale and historic character of development in Puyallup's downtown area and commuter rail station center areas. Both the CBD and the CBD-Core zones are also intended for residential development, with either m…

Zone name Central Business District Zone
General category MIXED_USE
Zone area 43.22 ac
Top alternative use upside
Commercial (general) $1.1M +5.3%
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