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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9615 161st E St Puyallup, WA 98375-2089

    • Apartment buildings
    • 6,978 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0448975
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 9615 161st E St

    Year built
    1999
    Construction
    WOOD FRAME
    Lot size
    0.50 lot acres
    Property size
    6,978 SF
    Zone code
    HSF
    Property type
    Apartment buildings
    APN
    6021410060
    APU
    6021410060

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $419k - $887k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,335,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.3
    Latitude
    47.1103
    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
    $16,130
    $313,300
    $1,046,500
    $1,359,800
    -
    $313,300
    $1,046,500
    $1,359,800

    Comparable in this City

    • Value Estimation
      $4,445,000
      25,998 SF

      7722 176th E St

      APARTMENT HOUSE (5+ UNITS) • 25,998 SF
      7722 176th E St, Puyallup, WA 98375-2557
      View Details
    • Value Estimation
      $815,000
      3,706 SF

      8614 176th E St

      APARTMENT HOUSE (5+ UNITS) • 3,706 SF
      8614 176th E St, Puyallup, WA 98375-2553
      View Details
    • Value Estimation
      $565,000
      4,164 SF

      15408 74th E Ave

      APARTMENT HOUSE (5+ UNITS) • 4,164 SF
      15408 74th E Ave, Puyallup, WA 98375-7101
      View Details
    • Value Estimation
      $595,000
      4,600 SF

      16025 97th Ave E Ct

      APARTMENT HOUSE (5+ UNITS) • 4,600 SF
      16025 97th Ave E Ct, Puyallup, WA 98375-6262
      View Details
    • Value Estimation
      $715,000
      4,440 SF

      15424 74th E Ave, Unit A

      APARTMENT HOUSE (5+ UNITS) • 4,440 SF
      15424 74th E Ave, Puyallup, WA 98375-7636
      View Details
    • Value Estimation by Request
      3,200 SF

      10012 167th St E Ct

      APARTMENT HOUSE (5+ UNITS) • 3,200 SF
      10012 167th St E Ct, Puyallup, WA 98375-9631
      View Details

    Similar Nearby for Sale

    • $1,400,000
      66,647 SF

      1.53 Acre Corner Lot

      Corner lot in Fredrickson, zoned NCOR, allows multifamily and commercial.
      7301 176Th St E, Tacoma, WA 98375
      View Details
    • $1,700,000

      Puyallup Freestanding Retail Investment Property

      Freestanding 3,998 SF retail on 1.67 acres in Puyallup.
      6805 176Th Street Ct, Puyallup, WA 98375
      View Details
    • $750,000

      Corner Retail Location For Sale

      Prime corner location across from Safeway, near Canyon Road.
      5304 176Th St E, Puyallup, WA 98375
      View Details
    • $2,000,000
      1 SF

      Puyallup Commercial Land For Sale

      1.83-acre lot with shop building in growing South Hill neighborhood.
      10011 144Th St E, Puyallup, WA 98375
      View Details
    • $800,000

      Puyallup Land Ready to Build

      Three flat lots in Puyallup, ready for new construction.
      16021 67Th Ave, Puyallup, WA 98375
      View Details
    • $692,000

      Retail Property Across From Safeway

      Prime corner retail location across from Safeway on Canyon Road.
      17880 Canyon Rd E, Puyallup, WA 98375
      View Details

    Similar Nearby for Lease

    • $1,625 /Mo
      908 SF

      Silver Creek Ground Floor Condo

      Two-bedroom, one-bath condo in gated Silver Creek community.
      18527 101St Avenue Ct E, Puyallup, WA 98375
      View Details
    • Contact for pricing
      175,873 SF

      South Hill Retail Center Investment

      Fred Meyer-anchored retail space. High traffic, ample parking.
      17404 Meridian Ave, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Puyallup Land for Lease

      Land available near 176th St E & Canyon Rd.
      6003 176Th St E, Puyallup, WA 98375
      View Details
    • $4,000 /Mo
      20,000 SF

      Puyallup Yard Space For Lease

      Fenced and secured yard space in a convenient location.
      17420 66Th Avenue Ct East, Puyallup, WA 98375
      View Details
    • Contact for pricing
      138,521 SF

      Frederickson Retail Outparcels For Lease

      Prime South Hill location, multiple spaces available.
      176th E & Cyn Rd, South Hill, WA 98375
      View Details
    • $1.20 SF/Yr
      1,104 SF

      South Hill Warehouse Space Available

      1,104 SF warehouse space with office in South Hill.
      9918 162Nd Street Ct E, Puyallup, WA 98375
      View Details
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    9615 161st E St
    Puyallup, WA 98375-2089
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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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