Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9908 158th E St Puyallup, WA 98375-8921
    Back to Search
    Property profile & analytics

    9908 158th E St, Puyallup, WA 98375-8921

    View on Map
    • Apartment buildings
    • 3,220 SF
    • 0.77 lot acres
    Off-Market
    Last Sale Nov 5, 2021
    $3,500,000
    Property ID
    US90-0711744
    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.
    Value Estimations
    $3,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 9908 158th E St

    Year built
    1979
    Construction
    FRAME
    Lot size
    0.77 lot acres
    Zone code
    UV
    Property type
    Apartment buildings
    APN
    419218040
    APU
    419218040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2021 $3,500,000 Rtk Investments LLC Pele 16 LLC Warranty Deed $2.2M · Umpqua Bank
    Mar 15, 2018 — Pele 16 LLC Etal Rugh,christopher R Quit Claim Deed · related —
    Oct 14, 2016 $399,719 Christopher R Rugh Cherlyn R Merz Warranty Deed $300k · Fbc Mortgage LLC
    Mar 31, 2005 — Cherlyn Merz Merz,kelly E Quit Claim Deed · related $238k · Paul Financial LLC
    Mar 31, 1999 $159,016 Kelly E Merz Hartonas,chris Grant Deed $167k · Bankunited
    Apr 24, 1992 $160,000 Hartonas Chris Unknown Grant Deed —
    Jun 29, 1990 $125,000 Warren L Larsen Jacobson,roy E Grant Deed $100k · Great Western Bank
    — — Kelly E Merz — Deed Of Trust · related $33k · Greenpoint Mortgage Funding
    — — Kelly E Merz — Deed Of Trust · related $193k · Wells Fargo Home Mortgage INC
    — — Kelly E Merz — Deed Of Trust · related $194k · Wells Fargo Home Mortgage INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,465,000
      ML approach
      $3,545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.297
    Latitude
    47.1123
    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
    $8,016
    $212,900
    $504,200
    $717,100
    -
    $212,900
    $504,200
    $717,100

    Comparable in this City

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

      7722 176th E St

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

    Similar Nearby for Sale

    • Contact for pricing
      12,605 SF

      Grocery-Anchored Retail Center For Sale

      Retail center anchored by high-performing Fred Meyer in Puyallup.
      17526 Meridian E, Puyallup, WA 98375
      View Details
    • $2,600,000

      Permit-Ready Land on Canyon Road

      2.28 acres, fully entitled, permit-ready land at signalized intersection.
      5425 144Th St E, 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
    • $700,000
      64,033 SF

      Retail Pad Site For Sale

      64,002 SF lot suitable for restaurant or medical use.
      17513 Canyon Pkwy E, Tacoma, WA 98375
      View Details
    • $1,550,000
      1,504 SF

      Tacoma Specialty Property For Sale

      Specialty property in Tacoma, WA, offering 1504 square feet.
      17512 Canyon Rd E, Tacoma, WA 98375
      View Details
    • Contact for pricing

      Prime Commercial Land on Canyon

      2.27 acres ready for development on Canyon Road.
      15215 Canyon Rd E, Puyallup, WA 98375
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Puyallup Yard Space For Lease

      Leasable yard space in a convenient Puyallup location.
      17420 66Th Avenue Ct East, 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
    • Contact for pricing
      1,440 SF

      Retail Space on Meridian

      Retail space available for lease, ground lease, or build-to-suit.
      16511 Meridian E, Puyallup, WA 98375
      View Details
    • Contact for pricing

      Puyallup Industrial Building For Rent

      Industrial building on a large lot available for lease.
      10002 162Nd Street Ct East, Puyallup, WA 98375
      View Details
    • $4,000 /Mo
      20,000 SF

      Secured Yard Space For Rent

      20,000 SF fenced yard space available for lease.
      17420 66Th Avenue Ct E, Puyallup, WA 98375
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9908 158th E St
    Puyallup, WA 98375-8921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9908 158th E St, Puyallup, WA, 98375
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!