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    601 4th NE Ave Puyallup, WA 98372-5028
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    Property profile & analytics

    601 4th NE Ave, Puyallup, WA 98372-5028

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    • Apartment buildings
    • 4,016 SF
    • 0.89 lot acres
    Off-Market
    Property ID
    US90-1528948
    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
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 601 4th NE Ave

    Year built
    1983
    Construction
    WOOD FRAME
    Lot size
    0.89 lot acres
    Zone code
    RS-06
    Property type
    Apartment buildings
    APN
    5880000071
    APU
    5880000071

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2017 $2,269,719 Valley Park Associates LLC Peter J Sack Warranty Deed $1.4M · Luther Burbank Savings
    Nov 21, 2017 — Peter J Sack Valley Park Group LLC Quit Claim Deed · related —
    May 19, 2011 — Valley Park Group LLC Valley Park Apartments LLC Re-recorded Document · related $806k · Jpmorgan Chase Bank NA
    Apr 29, 2011 $1,075,000 Valley Park Group LLC Valley Park Apartments LLC Warranty Deed $806k · Jpmorgan Chase Bank NA
    Sep 15, 2006 — Valley Park Apartments LLC Berry,james J & Marilyn F Quit Claim Deed · related —
    Sep 30, 1998 $698,039 Berry,james J & Marilyn F Puyallup Properties Associates Trustees Deed $480k · Timberland Savings Bank
    — — James J Berry — Deed Of Trust · related $29k · Martinson Cobean & Assoc Salar
    — — Valley Park Apartments LLC — Deed Of Trust · related $886k · Frontier Bank
    — — Valley Park Apartments LLC — Deed Of Trust · related $500k · Frontier Bank
    — — Valley Park Apartments LLC — Deed Of Trust · related $125k · Frontier Bank
    — — James J Berry — Deed Of Trust · related $100k · Timberland Bank
    — — Valley Park Apartments LLC — Deed Of Trust · related $200k · Frontier Bank
    — — Valley Park Apartments LLC — Deed Of Trust · related $100k · Frontier Bank
    — — East Grove Cottages LLC — Deed Of Trust · related $918k · Frontier Bank
    — — Valley Park Apartments LLC — Deed Of Trust · related $205k · Frontier Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $810,000
      6.5%
      $750,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $597,000
      Market price range: $239k - $633k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $770,000
      Current use
      MEDICAL BUILDING
      $1,100,000
      Change: +43% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,020,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.287
    Latitude
    47.195
    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
    $28,493
    $1,226,200
    $1,457,900
    $2,684,100
    -
    $1,226,200
    $1,457,900
    $2,684,100

    Comparable in this City

    • Value Estimation
      $2,640,000
      13,862 SF

      2505 Main

      APARTMENT HOUSE (100+ UNITS)
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      View Details
    • Value Estimation
      $710,000
      4,032 SF

      3109 Main

      APARTMENT HOUSE (100+ UNITS)
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      View Details
    • Value Estimation by Request
      2,304 SF

      903 108th Ave E1-4

      APARTMENT HOUSE (5+ UNITS)
      903 108th Ave E1-4, Edgewood, WA 98372-1319
      View Details
    • Value Estimation by Request
      3,104 SF

      902 10th SE Ave

      APARTMENT HOUSE (5+ UNITS)
      902 10th SE Ave, Puyallup, WA 98372-4967
      View Details
    • Value Estimation by Request
      2,736 SF

      445 10th SE Ave, Unit 451

      APARTMENT HOUSE (5+ UNITS)
      445 10th SE Ave, Puyallup, WA 98372-3739
      View Details
    • Value Estimation
      $565,000
      3,500 SF

      824 3rd NE St

      APARTMENT HOUSE (5+ UNITS)
      824 3rd NE St, Puyallup, WA 98372-2914
      View Details

    Similar Nearby for Sale

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      Puyallup Multifamily Community For Sale

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    • $4,549,900
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      Puyallup Investment Opportunity

      Value-add investment property in thriving Puyallup, near transit and retail.
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      East Main Avenue Investment Property

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    Similar Nearby for Lease

    • $6,612 /Mo
      4,408 SF

      Puyallup Suburban Office Space

      Two-story office space near downtown Puyallup with highway access.
      126 15Th St SE, Puyallup, WA 98372
      View Details
    • Contact for pricing
      1,322 SF

      Puyallup Retail Space For Lease

      Retail space available in Puyallup with national and regional tenants.
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      View Details
    • Contact for pricing
      1 SF

      Puyallup Land For Rent

      Land available for rent in Puyallup, Washington.
      2401 Inter Ave, Puyallup, WA 98372
      View Details
    • Contact for pricing

      Land in Growing Milton/Edgewood Market

      Well-located land with access to major highways and strong growth.
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    • $31,706
      25,777 SF

      Edgewood Warehouse with Yard Storage

      25,777 SF warehouse with yard, office, and multiple doors.
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    • $4,703 /Mo
      2,822 SF

      Retail Space in Safeway Center

      Downtown Puyallup retail space in Safeway anchored center.
      611 Meridian St, Puyallup, WA 98372
      View Details
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    Puyallup, WA 98372-5028
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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.

    More about this property
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