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    5524 112th E St Puyallup, WA 98373
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    Property profile & analytics

    5524 112th E St, Puyallup, WA 98373

    View on Map
    • Auto shops
    • 672 SF
    • 0.47 lot acres
    Off-Market
    Property ID
    US90-1394955
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 5524 112th E St

    Year built
    1951
    Construction
    STEEL FRAME
    Lot size
    0.47 lot acres
    Zone code
    CC
    Property type
    Auto shops
    APN
    4075210480
    APU
    4075210480

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 6, 2018 $11,400,000 11307 Canyon Road LLC Cnr Puyallup Wa Landlord LLC Grant Deed —
    Sep 6, 2018 — 11307 Canyon Road LLC Cnr Puyallup Wa Landlord LLC Grant Deed · related —
    Apr 10, 2017 — Tennessee Group LLC Mclendon Hardware INC Quit Claim Deed · related —
    Apr 10, 2017 $56,000 Central Ntwk Retail Group LLC Mclendon Hardware INC Quit Claim Deed · related —
    Apr 10, 2017 $12,051,087 Cnr Puyallup Wa Landlord LLC Tennessee Group LLC Grant Deed —
    Dec 16, 1999 $329,000 Tennessee Group LLC Hansen Trust Grant Deed —
    — — Tennessee Group LLC — Deed Of Trust · related $300k · Us Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.355
    Latitude
    47.1539
    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
    $3,640
    $304,700
    $15,500
    $320,200
    -
    $304,700
    $15,500
    $320,200

    Comparable in this City

    • Value Estimation
      $3,090,000
      7,660 SF

      12410 Meridian E

      AUTO REPAIR, GARAGE
      12410 Meridian E, Puyallup, WA 98373-3416
      View Details
    • Value Estimation by Request
      1,794 SF

      13120 Cyn E Rd

      AUTO REPAIR, GARAGE
      13120 Cyn E Rd, Puyallup, WA 98373-5190
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    • Value Estimation by Request
      1,140 SF

      13815 Cyn E Rd

      AUTO REPAIR, GARAGE
      13815 Cyn E Rd, Puyallup, WA 98373-5261
      View Details
    • Value Estimation
      $1,215,000
      4,822 SF

      11502 Cyn E Rd

      AUTO REPAIR, GARAGE
      11502 Cyn E Rd, Puyallup, WA 98373-4360
      View Details
    • Value Estimation
      $960,000
      2,520 SF

      12703 Meridian E

      AUTO REPAIR, GARAGE
      12703 Meridian E, Puyallup, WA 98373
      View Details
    • Value Estimation
      $3,435,000
      11,090 SF

      13813 Meridian E

      AUTO REPAIR, GARAGE
      13813 Meridian E, Puyallup, WA 98373-9181
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Auto Sales/Shop/Repair Investment Opportunity

      Commercial property in high-traffic location suitable for various business uses.
      14001 Meridian Ave, Puyallup, WA 98373
      View Details
    • $2,250,000

      Retail Building with High Visibility

      5,375 SF retail building with high traffic and visibility.
      10120 128Th Street Ct E, Puyallup, WA 98373
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    • $1,750,000

      Renovated Commercial Building in South Hill

      Fully renovated two-story commercial building in high-traffic South Hill location.
      3704 9Th St SW, Puyallup, WA 98373
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    • $1,900,000
      10,586 SF

      Warehouse/Office Buildings with Retail Exposure

      Two standalone buildings with retail exposure and fenced yard.
      5722 112Th St SE, Puyallup, WA 98373
      View Details
    • $2,250,000

      Puyallup Retail Investment Opportunity

      Single tenant retail property with long-term tenant in Puyallup.
      10120 128Th St E, Puyallup, WA 98373
      View Details
    • $2,250,000

      Puyallup Single Tenant Investment Property

      Single tenant investment property in Puyallup with long-term tenant.
      10120 128Th St E, Puyallup, WA 98373
      View Details

    Similar Nearby for Lease

    • $4,690 /Mo
      2,345 SF

      Retail Space on Canyon Road

      Retail space in active commercial corridor with highway access.
      12811 Canyon Rd E, Puyallup, WA 98373
      View Details
    • $22 SF/Yr

      Puyallup Retail/Office Space Available

      3,557 SF retail/office space in prime location for lease.
      12704 Meridian Ave E, Puyallup, WA 98373
      View Details
    • $6,242 /Mo
      2,675 SF

      Freestanding Retail Pad Building Available

      Freestanding retail building available for rent starting October 1, 2023.
      13101 Meridian Ave E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      1,088 SF

      Retail Space in Puyallup, WA

      Retail space available for lease in Puyallup, Washington.
      11601 Canyon Rd E, Puyallup, WA 98373
      View Details
    • Contact for pricing
      2,126 SF

      South Hill Puyallup Retail/Office Space

      Retail/office space in central South Hill Puyallup market.
      12020 Meridian Ave E, Puyallup, WA 98373
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease in Puyallup, Washington.
      11904 Meridian East, Puyallup, WA 98373
      View Details
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    Puyallup, WA 98373
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    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.

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    5524 112th E St, Puyallup, WA, 98373
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