Financial
Distress signals
Property profile

921 40 Ave SW Puyallup, WA 98373

FOR SALE
Medical Office Space
View Listing
Property ID
US90-1360036
2,734 SF 0.36 ac lot Built 1978
Last sale May 2026 · $1,639,500
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a well-maintained two-story professional office building located near South Hill Mall. It is designed to accommodate either a single full-building occupant or be divided for two tenants, with each floor providing its own grade-level entrance, kitchen, and restrooms. The building features an updated, modern office interior. There is no elevator. Each floor offers approximately 2,734 square feet, for a total building area of about 5,268 square feet. The property is served by septic, with sewer lines located less than 200 feet away.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$14k
Tax billed · 2024
Assessed value$1.37M
Assessed land$587k
Assessed improvement$779k
Effective rate1.05%

Value estimate

· Sep 2026
$530k
$477k – $583k
AI approach$450k
CAP approach$595k
Submarket $/SF estimate$542k
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$16k
Operating expenses−$25k
NOI · 4.52% cap applied$75k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$275/SF
County average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$173 – $395

Cap rate analysis

How does the asset earn?
4.52%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NC
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service12.8
Electrical Service12.5
Wholesale Shop11.8

Location

921 40 Ave SW Puyallup, WA 98373
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8011 112th St E, Puyallup, WA 98373-7814 $3,575,000 Mar 2024 4,241 SF
819 39th SW, Puyallup, WA 98373-3306 $1,400,000 Jun 2023 3,171 SF
11019 Cyn E, Puyallup, WA 98373-3001 $70,200 Jul 2022 15,006 SF
12005 Meridian E, Puyallup, WA 98373-3423 $4,950,000 Mar 2020 7,377 SF
600 39th SW, Puyallup, WA 98373-5900 $495,000 Mar 2019 1,422 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message