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Property profile & analytics
OFF-MARKET
Assisted living facilities
723 2nd NW St Puyallup, WA 98371-4376
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0684494
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1938
Construction
WOOD FRAME
Total area
11,519 SF
Lot
0.63 ac (27,490 SF)
Zoning code
RS-06
APN
420281137
UPID
US90-0684494
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
-
Valley Community Inn Retirement Community Nursing Home
-
Puyallup Valley Enhanced Residential Care Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerald L Pratt · 1 yrs held
Gerald L Pratt
since 2024
7 recorded transactions
Zoning & alternative use
RS-06 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,664
Tax year 2024
Assessed value
$1,011,800
Assessed 2024
Previous assessed
$1,011,800
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$585,900
Assessed improvement
$425,900
Land market value
$585,900
Improvement market value
$425,900
Total market value
$1,011,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1938
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
11,519 SF
Lot
0.63 ac (27,490 SF)
Zoning code
RS-06
APN
420281137
UPID
US90-0684494
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RS-06 · Puyallup, WA
Zoning RS-06 · permitted uses
RS-06 · 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
1938
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Gerald L Pratt
Individual
Mailing address
2104 28TH AVE CT SW, PUYALLUP, WA 98373-1394
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Gerald L Pratt
—
Deed
related
$1,362,400 · Wells Fargo Bank NA
Aug 3, 2018
—
Gerald L Pratt
—
Deed
related
$1,189,941 · First Citizens Bank & Trust Co
May 18, 2016
—
Gerald L Pratt
—
Deed
related
$200,000 · First Citizens Bank & Trust Co
—
—
Gerald L Pratt
—
Deed Of Trust
related
$744,191 · Us Bank NA
—
—
Gerald L Pratt
—
Deed Of Trust
related
$200,000 · First Citizens Bk
—
—
Gerald L Pratt
—
Deed Of Trust
related
$920,000 · First Citizens Bank & Trust Co
—
—
Gerald L Pratt
—
Deed Of Trust
related
$749,000 · Frontier Bank
—
—
Gerald L Pratt
—
Deed Of Trust
related
$1,189,941 · First Citizens Bk
—
—
Pratt Gerald L
—
Deed Of Trust
related
$32,047 · Frontier Bank
—
—
Gerald L Pratt
—
Deed Of Trust
related
$770,000 · Us Bank NA
—
—
Gerald L Pratt
—
Deed Of Trust
related
$150,000 · Us Bank NA
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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