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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Retail space
5728 Riv E Rd Puyallup, WA 98371-3652
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-0960429
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
WOOD FRAME
Total area
3,020 SF
Lot
0.92 ac (40,049 SF)
Zoning code
RSEP
APN
420183004
UPID
US90-0960429
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
-
Riverside sheds Construction Company General Contractor
-
Passion Fruits by Greg Food Market Specialty Food Shop
-
Valley Farms Food Market Specialty Food Shop
-
Coffee Via Vita Take-out & Catering Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$845k
Owner & transaction history
Leona Colegrove Martinez · 3 yrs held
Leona Colegrove Martinez
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
RSEP · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+37.9%
Auto repair, garage
$1.2M
+24.8%
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
$1,045,000
ML approach
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$935,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,165,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $800k (Oct 12 2022)
Last sale anchor
$800k
Oct 12 2022
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
$280 / 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
$7,385
Tax year 2024
Assessed value
$661,800
Assessed 2024
Previous assessed
$661,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$457,100
Assessed improvement
$204,700
Land market value
$457,100
Improvement market value
$204,700
Total market value
$661,800
Applied tax rate
215.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
3,020 SF
Lot
0.92 ac (40,049 SF)
Zoning code
RSEP
APN
420183004
UPID
US90-0960429
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSEP · Puyallup, WA
Zoning RSEP · permitted uses
RSEP · 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
RETAIL STORES Current
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$765,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1930
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Leona Colegrove Martinez
Individual
Free & Clear · 3 yrs held
Mailing address
9045 RAINIER RD SE, OLYMPIA, WA 98513-8819
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
$800,000
Leona Colegrove Martinez
David A Petersen
Warranty Deed
—
Oct 5, 2022
$380,000
David A Petersen
R J K D LLC
Warranty Deed
$300,000 · 1892 Capital Partners LLC
Jan 23, 2015
—
Rjkd LLC
Schlatter,james B & Debra L
Quit Claim Deed
related
—
Mar 28, 2008
—
Rjkd LLC
Schlatter,james B & Debra L
Quit Claim Deed
related
—
Sep 9, 1998
$140,000
Randy D Reiter
Maskal,thomas P
Grant Deed
$130,000 · Seller
Feb 6, 1990
$95,000
Anthony C Maskal
Unknown
Grant Deed
—
—
—
James B Schlatter
—
Deed Of Trust
related
$152,492 · Fife Commercial 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.
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