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Property profile & analytics
OFF-MARKET
Office Spaces
506 Pioneer Puyallup, WA 98371-5366
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0098767
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
WOOD FRAME
Total area
2,160 SF
Lot
0.48 ac (20,800 SF)
Zoning code
RS-06
APN
420284001
UPID
US90-0098767
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
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
City Of Puyallup · 2 yrs held
City Of Puyallup
since 2023
5 recorded transactions
Zoning & alternative use
RS-06 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2010 ; Ord. 3172 § 1, 2018 ) § 20.30.026 Other residential uses in the CB zone. (1) Existing nonconforming single-family, duplex and triplex residences within the CB zone are subject to the development standards of the RS-06 zone. (2) Multifamily residential uses, including co-living, are permitted by right in the CB zone, subject to the following: (a) Multi…
Zone name
Urban Density Single Family Residential Zone
General category
RESIDENTIAL
Zone area
412.12 ac
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
$7,180
Tax year 2024
Assessed value
$593,300
Assessed 2024
Previous assessed
$593,300
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$249,600
Assessed improvement
$343,700
Land market value
$249,600
Improvement market value
$343,700
Total market value
$593,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Units
1
Total area
2,160 SF
Lot
0.48 ac (20,800 SF)
Zoning code
RS-06
APN
420284001
UPID
US90-0098767
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RS-06 · Puyallup, WAZoning RS-06 · permitted uses
RS-06 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2010 ; Ord. 3172 § 1, 2018 ) § 20.30.026 Other residential uses in the CB zone. (1) Existing nonconforming single-family, duplex and triplex residences within the CB zone are subject to the development standards of the RS-06 zone. (2) Multifamily residential uses, including co-living, are permitted by right in the CB zone, subject to the following: (a) Multifamily residential uses shall only be permitted as an accessory use to a commercial
Zone name
Urban Density Single Family Residential Zone
General category
RESIDENTIAL
Zone area
412.12 ac
Building & site characteristics
From public records
Year built
1900
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
City Of Puyallup
Entity
Free & Clear · 2 yrs held
Mailing address
333 S MERIDIAN, PUYALLUP, WA 98371-5904
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
Jun 6, 2024
—
Rebecca Demaray
—
Deed
related
$445,000 · Remp Family Trust
Dec 19, 2023
—
City Of Puyallup
Rebecca Demaray
Warranty Deed
—
Dec 22, 2021
$615,000
Rebecca Demaray
Sharlene B Klein
Warranty Deed
—
Dec 20, 2013
$40,800
Klein,ms Family Trust
Young Life Office Puyallup LLC
Warranty Deed
—
Apr 4, 2006
$250,000
Young Life Office Puyallup LLC
Gerstmann,paul E & Martha R
Warranty Deed
—
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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