New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,880,000
Hotels
610 31st SW Ave, Puyallup, WA 98373
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1119127
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1994
Construction
WOOD FRAME
Total area
46,899 SF
Lot
2.67 ac (116,262 SF)
Zoning code
CG
APN
6020120040
UPID
US90-1119127
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
by Request
CAP Approach
CAP
$5.55M
Comparable Approach
Comparable
$5.83M
Blend (final)
Blend
$6.88M
Owner & transaction history
Park Plaza Puyallup LLC · 17 yrs held
Park Plaza Puyallup LLC
since 2008
7 recorded transactions
Zoning & alternative use
CG · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,015,000
6.5%
$5,550,000
7%
$5,155,000
Blend value · Realmo final
$6.88M
Range $6.19M – $7.57M · ±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
$147 / 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
$112,621
Tax year 2024
Assessed value
$11,492,700
Assessed 2024
Previous assessed
$11,492,700
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,079,800
Assessed improvement
$9,412,900
Land market value
$2,079,800
Improvement market value
$9,412,900
Total market value
$11,492,700
Applied tax rate
96.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
3
Units
100
Total area
46,899 SF
Lot
2.67 ac (116,262 SF)
Zoning code
CG
APN
6020120040
UPID
US90-1119127
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CG · Puyallup, WA
Zoning CG · permitted uses
CG · 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.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
3
Units
100
Lot
2.67 ac
Current owner
From public records · entity-resolved
Park Plaza Puyallup LLC
Entity
Mailing address
119 N COMMERCIAL ST STE #165, BELLINGHAM, WA 98225-4452
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2012
—
Park Plaza Puyallup LLC
—
Trustees Deed
related
$1,936,058 · Whatcom Educational Cu
Dec 23, 2008
—
Park Plaza Puyallup LLC
Best Western Park Plaza LLC
Quit Claim Deed
related
$7,400,000 · Whatcom Educational Cu
Oct 15, 2004
—
Best Western Park Plaza LLC
—
Trustees Deed
related
$1,100,000 · Horizon Bank
May 30, 1997
—
Best Western Plaza LLC
Hollander,marlo G & Betty J
Quit Claim Deed
related
—
Jul 15, 1996
—
Marlo G Hollander
—
Grant Deed
related
$3,450,000 · Horizon Bank
Feb 23, 1993
$1,060,500
Marlo G Hollander
Unknown
Grant Deed
—
—
—
Park Plaza Puyallup LLC
—
Deed Of Trust
related
$8,925,000 · Whatcom Educational Cu
—
—
Park Plaza Puyallup LLC
—
Deed Of Trust
related
$1,995,000 · Ameritrust Cdc
—
—
Best Western Park Plaza LLC
—
Deed Of Trust
related
$3,045,182 · Horizon Bank
—
—
Best Western Park Plaza LLC
—
Deed Of Trust
related
$5,280,000 · Whatcom Educational Cu
—
—
Best Western Park Plaza LLC
—
Deed Of Trust
related
$4,000,000 · Betty J Hollander
—
—
Best Western Park Plaza LLC
—
Deed Of Trust
related
$500,000 · Horizon 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 610 31st SW Ave?
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.
