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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Turn key restaurants
909 Meridian Puyallup, WA 98371-6908
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-2959245
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2019
Construction
WOOD FRAME
Total area
2,281 SF
Lot
0.62 ac (27,074 SF)
APN
3115000113
UPID
US90-2959245
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
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$590k
Blend (final)
Blend
$570k
Owner & transaction history
9 Meridian Jtm LLC · 6 yrs held
9 Meridian Jtm LLC
since 2019
7 recorded transactions
Zoning & alternative use
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$880,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$250 / 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
$16,183
Tax year 2024
Assessed value
$1,640,000
Assessed 2024
Previous assessed
$1,640,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$887,100
Assessed improvement
$752,900
Land market value
$887,100
Improvement market value
$752,900
Total market value
$1,640,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
2,281 SF
Lot
0.62 ac (27,074 SF)
APN
3115000113
UPID
US90-2959245
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$880,000
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
9 Meridian Jtm LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 31609, SEATTLE, WA 98103-1609
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
—
9 Meridian Jtm LLC
—
Deed
related
$1,535,000 · Peoples Bk
Aug 9, 2019
—
9 Meridian Jtm LLC
—
Deed
related
—
Aug 8, 2019
$562,000
9 Meridian Jtm LLC
9 Meridian Jcv LLC
Warranty Deed
related
—
Aug 7, 2018
$797,861
9 Meridian Jcv LLC
Jami Bressler
Warranty Deed
$1,555,830 · Coastal Community Bank
May 14, 2018
—
Rmb Properties LLC
—
Deed
related
$450,000 · Jt Madison INC
Jan 29, 2016
—
Rmd Properties LLC
Puyallup Care LLC
Correction Deed
related
—
Jan 9, 2015
$257,380
Spr LLC
Puyallup Care LLC
Grant Deed
—
Jan 9, 2015
—
Puyallup Care LLC
Puyallup Care LLC
Correction Deed
related
—
May 23, 2014
$1,700,000
Rmb Properties LLC
Puyallup Care LLC
Warranty Deed
—
—
—
9 Meridian Jtm LLC
—
Loan Modification
related
—
—
—
Rmb Properties LLC
—
Deed Of Trust
related
$450,000 · Jt Madison INC
—
—
9 Meridian Jtm LLC
—
Deed Of Trust
related
$1,535,000 · Peoples Bk
—
—
Puyallup Care LLC
—
Deed Of Trust
related
$620,000 · North Cascades Nat'l Bk
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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