New search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Warehouses
5517 119th St E Ct, Puyallup, WA 98373-4405
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0851915
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD FRAME
Total area
3,880 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CE
APN
4075212006
UPID
US90-0851915
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
$475k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$595k
Owner & transaction history
Summit View Storage LLC · 13 yrs held
Summit View Storage LLC
since 2012
7 recorded transactions
Zoning & alternative use
CE · 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
Method
Estimation
Statistic approach
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$985,000
Current use
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$153 / 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
$21,261
Tax year 2024
Assessed value
$1,533,500
Assessed 2024
Previous assessed
$1,533,500
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$672,600
Assessed improvement
$860,900
Land market value
$672,600
Improvement market value
$860,900
Total market value
$1,533,500
Applied tax rate
195.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Total area
3,880 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CE
APN
4075212006
UPID
US90-0851915
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Puyallup, WA
Zoning CE · permitted uses
CE · 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
WAREHOUSE, STORAGE Current
Est. value
$985,000
WAREHOUSE, STORAGE Current
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
1998
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Summit View Storage LLC
Entity
Free & Clear · 13 yrs held
Mailing address
12815 CYN RD E STE M, PUYALLUP, WA 98373-5104
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
Summit View Storage LLC
Copper Ridge LLC
Warranty Deed
—
Mar 30, 2012
$565,000
Copper Ridge LLC
Union Street Holdings LLC
Grant Deed
—
Aug 24, 2011
$432,565
Union Street Holdings LLC
Hillis Clark Martin & Peterson
Trustees Deed
related
—
Sep 11, 1997
—
Summit Storage LLC
—
Grant Deed
related
$568,536 · Bank Of Sumner
Jun 3, 1997
—
Summit Storage LLC
Gienger,leo A & Barbara J
Quit Claim Deed
related
—
Jun 30, 1994
$56,000
Leo A Gienger
Benum Enterprise
Grant Deed
—
Apr 15, 1994
$50,000
Benum Enterprises INC
Firth,walter D
Grant Deed
—
—
—
Summit Storage LLC
—
Deed Of Trust
related
$2,535,000 · Homestreet Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5517 119th St E Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
