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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Retail space
9903 168th E St Puyallup, WA 98375-2511
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1472666
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
WOOD FRAME
Total area
9,275 SF
Lot
1.06 ac (46,086 SF)
Zoning code
MUD
APN
6025170070
UPID
US90-1472666
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
-
Cadence Academy Preschool Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.54M
Owner & transaction history
Northwest Business Development Assn · 3 yrs held
Northwest Business Development Assn
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
MUD · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+37.1%
Auto repair, garage
$3.6M
+24.1%
Commercial (general)
$3.5M
+19.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,955,000
Change: +37% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,575,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,455,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$2,545,000
Change: -12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,350,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.80M (Dec 17 2020)
Last sale anchor
$2.80M
Dec 17 2020
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
$273 / 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
$27,114
Tax year 2024
Assessed value
$2,374,500
Assessed 2024
Previous assessed
$2,374,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$654,800
Assessed improvement
$1,719,700
Land market value
$654,800
Improvement market value
$1,719,700
Total market value
$2,374,500
Applied tax rate
195.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
9,275 SF
Lot
1.06 ac (46,086 SF)
Zoning code
MUD
APN
6025170070
UPID
US90-1472666
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Puyallup, WA
Zoning MUD · permitted uses
MUD · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2018
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Northwest Business Development Assn
Entity
Mailing address
128 WILD HBR RD, MOORESVILLE, NC 28117-6038
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
—
Northwest Business Development Assn
Puyallup Property LLC
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Jan 29, 2021
—
Puyallup Property LLC
—
Deed
related
$1,417,300 · Commencement Bk
Jan 28, 2021
—
Puyallup Property LLC
—
Deed
related
$1,167,000 · Northwest Business Development Associati
Dec 17, 2020
$2,800,000
Puyallup Property LLC
Vista Pierce Partners LLC
Warranty Deed
$1,417,300 · Commencement Bank
May 7, 2018
—
Firgrove Mutual INC
Vista Pierce Partners LLC
Quit Claim Deed
related
—
Apr 17, 2018
—
Vista Pierce Partners LLC
—
Deed
related
$1,895,470 · Commencement Bk
May 26, 2017
—
Vista Pierce Partners LLC
—
Deed
related
$1,695,470 · Commencement Bank
Sep 30, 2016
$250,000
Vista Pierce Partners LLC
Columbia St Bk
Grant Deed
—
Jun 27, 2012
—
Columbia St. Bk
Sri Holdings LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Sequim Retail Invs LLC
—
Deed Of Trust
related
$518,689 · Columbia State Bank
—
—
Vista Pierce Partners LLC
—
Loan Modification
related
$1,895,470 · Commencement Bk
—
—
Puyallup Property LLC
—
Deed Of Trust
related
$1,417,300 · Commencement 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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