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    608 Riv Rd, Unit 67 Puyallup, WA 98371-4153
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    Property profile & analytics

    608 Riv Rd, Unit 67, Puyallup, WA 98371-4153

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    • Automotive properties
    • 8,853 SF
    • 2.33 lot acres
    Off-Market
    Property ID
    US90-0686421
    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
    $2,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Puyallup Mazda Parts / Auto Parts Store
    • Dinsmore Auto Group / Car Dealership
    • Puyallup Mazda Service / Auto Repair Shop
    • Puyallup Mazda / Car Dealership

    Property Details for 608 Riv Rd

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.33 lot acres
    Zone code
    CG
    Property type
    Automotive properties
    APN
    420214017
    APU
    420214017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 21, 2021 — Bergen More LLC — Deed · related $4.9M · Key Bank NA
    Feb 2, 2018 — Bergen-more LLC — Deed · related $12.8M · Keybank USA
    Jun 3, 2002 $2,800,000 Bergen-more LLC Milam Family LLC Grant Deed $2.7M · Milam Family LLC
    Sep 15, 2000 — Milam Family LLC Milam,harold D & Anna S Quit Claim Deed · related —
    — — Bergen-more LLC — Deed Of Trust · related $4M · Keybank USA
    — — Bergen-more LLC — Deed Of Trust · related $12.8M · Keybank USA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,927,000
      Market price range: $572k - $3.14M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,415,000
      Current use
      COMMERCIAL (GENERAL)
      $4,295,000
      Change: +26% Conversion: Moderate
      RESTAURANT
      $4,080,000
      Change: +19% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,775,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $2,735,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.301
    Latitude
    47.2
    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
    $54,259
    $2,816,200
    $2,608,100
    $5,424,300
    -
    $2,816,200
    $2,608,100
    $5,424,300

    Comparable in this City

    • Value Estimation
      $530,000
      1,860 SF

      150 Riv Rd

      VEHICLE SALES, RENTALS
      150 Riv Rd, Puyallup, WA 98371-4161
      View Details
    • Value Estimation by Request
      504 SF

      1855 Day Is Blvd Wb-2

      VEHICLE SALES, RENTALS
      1855 Day Is Blvd Wb-2, Puyallup, WA 98371
      View Details
    • Value Estimation by Request
      5,800 SF

      400 Riv Rd, Unit 5

      VEHICLE SALES, RENTALS
      400 Riv Rd, Puyallup, WA 98371-4155
      View Details
    • Value Estimation by Request
      1,824 SF

      813 Meridian

      VEHICLE SALES, RENTALS
      813 Meridian, Puyallup, WA 98371
      View Details
    • Value Estimation
      $10,000,000
      4,926 SF

      514 Riv Rd

      VEHICLE SALES, RENTALS
      514 Riv Rd, Puyallup, WA 98371-4143
      View Details
    • Value Estimation
      $3,265,000
      18,803 SF

      820 Riv Rd

      VEHICLE SALES, RENTALS
      820 Riv Rd, Puyallup, WA 98371-4149
      View Details

    Similar Nearby for Sale

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      7.61 Acres Commercial Assemblage

      7.61 acres with four buildings in Puyallup, Washington.
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    • $13,553,000

      Puyallup Commercial Assemblage For Sale

      7.61-acre commercial assemblage with multiple buildings and ample parking.
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    • $2,950,000

      Puyallup Showroom and Office Space

      Showroom and office space on 0.85 acres for sale.
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    • $1,350,000

      Mixed-Use Property in Central Puyallup

      Leased mixed-use property in Puyallup's Central Business District.
      206 Meridian St, Puyallup, WA 98371
      View Details
    • Contact for pricing
      2,450 SF

      Leased Mixed-Use Property in Puyallup

      Fully leased commercial building and remodeled duplex near downtown Puyallup.
      1210 E Main, Puyallup, WA 98371
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    • Contact for pricing
      Pending

      Entitled Multifamily Development Opportunity

      Shovel-ready mixed-use development with approved permits in Edgewood Town Center.
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    Similar Nearby for Lease

    • $66,480
      4,432 SF

      Puyallup Retail Space For Rent

      Retail space available near Puyallup River Trail.
      621 River Rd, Puyallup, WA 98371
      View Details
    • Contact for pricing
      505 SF

      Puyallup Retail Space For Rent

      Retail space available at the rear of the center.
      621-807 River Rd, Puyallup, WA 98371
      View Details
    • $631 /Mo
      505 SF

      Retail Space with Parking

      Retail space available for lease with parking.
      621 River Rd, Puyallup, WA 98371
      View Details
    • $12,154 /Mo
      3,241 SF

      Restaurant or Retail Space Available

      Existing restaurant building and pad site suitable for various uses.
      1403 Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing
      1,441 SF

      Retail Space Near Fred Meyer

      Retail space anchored by Fred Meyer with high traffic counts.
      17404 Meridian Ave E, Puyallup, WA 98371
      View Details
    • $2,803 /Mo
      2,170 SF

      Downtown Puyallup Office Space

      Office space in downtown Puyallup suitable for various businesses.
      105 Meridian, Puyallup, WA 98371
      View Details
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    Puyallup, WA 98371-4153
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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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