Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5508 128Th St E Puyallup, WA 98373

    • Warehouses
    • 25,366 SF
    • 1.32 lot acres
    For Sale
    View listing
    $1.05
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1292316
    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.

    Current Use by Public Records

    • Betschart Mechanical Inc / Plumber / Contractor

    Property Details for 5508 128Th St E

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.32 lot acres
    Property size
    25,366 SF
    Zone code
    NC
    Property type
    Warehouses
    APN
    419186011
    APU
    419186011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,563,000
      Market price range: $2.96M - $9.49M
      AI Estimate
      $1,867,000
      Market price range: $1.53M - $4.90M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.356
    Latitude
    47.1394
    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
    $43,263
    $893,800
    $2,571,900
    $3,465,700
    -
    $893,800
    $2,571,900
    $3,465,700

    Comparable in this City

    • Value Estimation
      $730,000
      22.84 Acres

      1501 39th SW Ave

      WAREHOUSE, STORAGE • 22.84 Acres
      1501 39th SW Ave, Puyallup, WA 98373-3801
      View Details
    • Value Estimation
      $2,100,000
      8,000 SF

      10908 66th E Ave

      WAREHOUSE, STORAGE • 8,000 SF
      10908 66th E Ave, Puyallup, WA 98373-4141
      View Details
    • Value Estimation
      $540,000
      5,000 SF

      9917 Portland E Ave

      WAREHOUSE, STORAGE • 5,000 SF
      9917 Portland E Ave, Puyallup, WA 98373
      View Details
    • Value Estimation
      $1,060,000
      8,120 SF

      11504 58th E Ave

      WAREHOUSE, STORAGE • 8,120 SF
      11504 58th E Ave, Puyallup, WA 98373-4350
      View Details
    • Value Estimation
      $755,000
      4,264 SF

      6805 112th E St

      MINI-WAREHOUSE, STORAGE • 4,264 SF
      6805 112th E St, Puyallup, WA 98373-4617
      View Details
    • Value Estimation
      $2,315,000
      12,570 SF

      10915 Cyn E Rd

      MINI-WAREHOUSE, STORAGE • 12,570 SF
      10915 Cyn E Rd, Puyallup, WA 98373-4262
      View Details

    Similar Nearby for Sale

    • $1,900,000
      10,586 SF

      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with fenced yard and retail exposure.
      5722 112Th St SE, Puyallup, WA 98373
      View Details
    • $4,250,000
      426,017 SF

      Industrial Land Near Port Tacoma

      Industrial land suitable for manufacturing and warehouse distribution.
      13217 Canyon Rd E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      25,366 SF

      Puyallup Industrial Space Available

      Industrial space with office, dock doors, and clear height.
      5508 128Th St E, Puyallup, WA 98373
      View Details
    • $1,700,000

      Puyallup Self Storage Development Site

      5.16 acre self storage development site in Puyallup, WA.
      1702 39Th Ave SE, Puyallup, WA 98373
      View Details
    • $975,000

      Land For Sale Puyallup

      Land available for sale in Puyallup, Washington.
      12324 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $1,700,000

      Land For Sale Puyallup

      Land available for purchase in Puyallup, Washington.
      13415 Canyon Rd E, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88,471 SF

      Puyallup Land with Shop Space

      Land with remodeled office, shop space, and tent enclosure.
      13018 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $19 SF/Yr
      4,800 SF

      Retail Building with Storage/Yard

      Retail building with storage and yard in busy Meridian Avenue.
      11818 Meridian E | Puyallup, Puyallup, WA 98373
      View Details
    • Contact for pricing
      161,733 SF

      Puyallup Warehouse Space Available

      Industrial warehouse space available for lease in Puyallup, Washington.
      5103-5223 136Th St E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      2,599 SF

      Puyallup Commercial Land with Improvements

      Gravelled and fenced land with office and shop space.
      10902 59Th Ave E, Puyallup, WA 98373
      View Details
    • $24 SF/Yr
      1,053 SF

      Puyallup Commercial Space For Rent

      Versatile commercial space with excellent visibility and accessibility on Meridian.
      13819 Meridian E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      95,862 SF

      Industrial Space in Puyallup, WA

      95,862 square foot industrial property available for rent.
      13306 Canyon Rd E, Puyallup, WA 98373
      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.
    5508 128Th St E
    Puyallup, WA 98373
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.