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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Warehouses
902 Meridian Puyallup, WA 98371
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1400629
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD FRAME
Total area
12,000 SF
Lot
50.77 ac (2,211,541 SF)
Zoning code
FAIR
APN
420331121
UPID
US90-1400629
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
-
Barn M Food Processing Plant
-
Information Booth WSF Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.24M
Owner & transaction history
City Of Puyallup · 1 yrs held
City Of Puyallup
since 2025
2 recorded transactions
Zoning & alternative use
FAIR · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Special provisions for the FAIR zone. § 20.60.061 Special provisions for the fair parking, agricultural, mixed-use design review, and Shaw-East Pioneer overlays. § 20.60.062 Special provisions for planned developments. § 20.60.065 Specific sign requirements by sign type.
Zone name
Fair
General category
AGRICULTURAL
Zone area
98.07 ac
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
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,605,000
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$103 / 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
$604,311
Tax year 2024
Assessed value
$56,700,900
Assessed 2024
Previous assessed
$56,700,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$15,066,200
Assessed improvement
$41,634,700
Land market value
$15,066,200
Improvement market value
$41,634,700
Total market value
$56,700,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
73
Stories
1
Bathrooms
5
Total area
12,000 SF
Lot
50.77 ac (2,211,541 SF)
Zoning code
FAIR
APN
420331121
UPID
US90-1400629
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
FAIR · Puyallup, WAZoning FAIR · permitted uses
FAIR · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Special provisions for the FAIR zone. § 20.60.061 Special provisions for the fair parking, agricultural, mixed-use design review, and Shaw-East Pioneer overlays. § 20.60.062 Special provisions for planned developments. § 20.60.065 Specific sign requirements by sign type.
Zone name
Fair
General category
AGRICULTURAL
Zone area
98.07 ac
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
73
Bathrooms
5
Lot
50.77 ac
Current owner
From public records · entity-resolved
City Of Puyallup
Entity
Free & Clear · 1 yrs held
Mailing address
110 9TH AVE SW, PUYALLUP, WA 98371-6811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
City Of Puyallup
Western Washington Fair Association
Warranty Deed
—
Jan 4, 2007
—
City Of Puyallup
Western Washington Fair
Warranty Deed
related
—
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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