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    7316 Riv E Rd Puyallup, WA 98371-3758
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    Property profile & analytics

    7316 Riv E Rd, Puyallup, WA 98371-3758

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    • Apartment buildings
    • 2,256 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Nov 16, 2021
    $833,625
    Property ID
    US90-2838113
    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
    $810,000
    Show details
    Cap Rate Potential
    3.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7316 Riv E Rd

    Year built
    1950
    Construction
    WOOD FRAME
    Lot size
    0.31 lot acres
    Zone code
    MUD
    Property type
    Apartment buildings
    APN
    420202044
    APU
    420202044

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2022 — 6 21 Investments LLC — Deed · related $625k · Finance Of America Mortgage LLC
    Nov 16, 2021 $833,625 6 21 Investments LLC Progress Nw 7 LLC Warranty Deed $699k · 1892 Capital Partners LLC
    Mar 30, 2018 $500,000 Progress Nw 7 LLC Japhet,dan & Debbie M Warranty Deed $450k · Dan & Debbie M Japhet
    Feb 4, 2002 $209,412 Dan Japhet Strickland,steven & Lani Grant Deed —
    Oct 30, 1998 $210,000 Steven S Strickland Wilson,lorne M & Ruth Grant Deed $168k · Sterling Savings Association
    Apr 1, 1990 $180,000 Lorne M Wilson Walker,donald E Grant Deed $140k · Walker Donald E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $539,000
      Market price range: $279k - $757k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,095,000
      NEIGHBORHOOD: SHOPPING CENTER
      $960,000
      AUTO REPAIR, GARAGE
      $870,000
      RETAIL STORES
      $695,000
      MEDICAL BUILDING
      $620,000
      WAREHOUSE, STORAGE
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.332
    Latitude
    47.2092
    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
    $8,009
    $264,900
    $460,200
    $725,100
    -
    $264,900
    $460,200
    $725,100

    Comparable in this City

    • Value Estimation
      $610,000
      5,382 SF

      905 8th NW Ave

      APARTMENT HOUSE (5+ UNITS)
      905 8th NW Ave, Puyallup, WA 98371-4172
      View Details
    • Value Estimation by Request
      3,168 SF

      1013 3rd NW Ave

      APARTMENT HOUSE (5+ UNITS)
      1013 3rd NW Ave, Puyallup, WA 98371-9414
      View Details
    • Value Estimation by Request
      2,848 SF

      335 5th SW St, Unit 341

      APARTMENT HOUSE (5+ UNITS)
      335 5th SW St, Puyallup, WA 98371-5828
      View Details
    • Value Estimation by Request
      1,200 SF

      1101 7th SW St

      APARTMENT HOUSE (5+ UNITS)
      1101 7th SW St, Puyallup, WA 98371-6746
      View Details
    • Value Estimation
      $965,000
      3,872 SF

      408 Meridian

      APARTMENT HOUSE (5+ UNITS)
      408 Meridian, Puyallup, WA 98371-8638
      View Details
    • Value Estimation by Request
      1,200 SF

      1616 Meridian

      APARTMENT HOUSE (5+ UNITS)
      1616 Meridian, Puyallup, WA 98371-7518
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property in Central Puyallup

      Leased mixed-use property in Puyallup's Central Business District.
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      View Details
    • Contact for pricing
      Pending

      Entitled Multifamily Development Opportunity

      Shovel-ready mixed-use development with approved permits in Edgewood Town Center.
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      Canyon Road Commercial Opportunity

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      2,450 SF

      Leased Mixed-Use Property in Puyallup

      Fully leased commercial building and remodeled duplex near downtown Puyallup.
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      Redevelopment Opportunity in Downtown Puyallup

      Fire-damaged skating rink property in key location, set for redevelopment.
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      Commercial Property with Living Space

      Commercial property featuring living space, workshop, and high-traffic location.
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    Similar Nearby for Lease

    • $24,496
      27,836 SF

      Puyallup Warehouse with Office Space

      27,836 SF warehouse with office, dock doors, and parking.
      938 Valley Ave NW, Puyallup, WA 98371
      View Details
    • $194,797
      49,693 SF

      Puyallup Pad Site For Rent

      Excellent pad site with high visibility and multiple access points.
      1403 Meridian, Puyallup, WA 98371
      View Details
    • $10,280 /Mo
      51,401 SF

      Puyallup Yard Space for Lease

      Fenced and graveled 1.18 acre yard for lease.
      7806 River Rd E, Puyallup, WA 98371
      View Details
    • $114,998
      26,136 SF

      Puyallup Downtown Pad Sites ForRent

      Prime pad sites in downtown Puyallup, visible from SR512.
      1403 Meridian, Puyallup, WA 98371
      View Details
    • Contact for pricing
      8,012 SF

      Puyallup Warehouse with Office Space

      8,012 SF warehouse with office space, available October 2025.
      910-914 Valley Ave NW, Puyallup, WA 98371
      View Details
    • Contact for pricing
      3,241 SF

      Puyallup Pad Site For Rent

      Excellent pad site with high visibility and multiple access points.
      1403 S Meridian, Puyallup, WA 98371
      View Details
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    Puyallup, WA 98371-3758
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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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    7316 Riv E Rd, Puyallup, WA, 98371
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