Sumner Office Building For
1006 Fryar Ave Sumner, WA 98390
1006 Fryar Ave, Sumner, WA, 98390
$1,499,000
For Sale
$1,499,000
Three-story office building in Sumner with four tenants.
Property Size6,725 SF
Price / SF$222.90
Days on Market472
Property Features for 1006 Fryar Ave
General Information
- Standard status
- Active
- Size
- 6,725 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
TIMOTHY JOHNSON COMMERCIAL PROPERTIES, LLC
Listed by
TIMOTHY JOHNSON
Source
Corcoran
Added: Apr 2, 2025 Checked: Jul 17 at 3:25 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TIMOTHY JOHNSON COMMERCIAL PROPERTIES, LLC
Investment Insights
Based on property information with market context.
Located in Sumner off Cannery Road, 1006 Fryar Ave. is a three-story office building with 6,925 rentable square feet on a 1,847 square foot footprint. The building is currently tenanted by four professional businesses, including the current owner, making it suitable for an owner-user. The property features both front and rear entrances for accessibility, and ample storage is available on the lower level. The building is part of a four-condominium campus, with the remaining three buildings occupied by dental practices. There are 24 common area parking spaces in the front, along with a large, level gravel lot for additional parking at the rear. The property also features mature landscaping and panel signs facing Cannery Road for high visibility. The building's location and functionality make it a strategic investment.
Key Highlights
- Ideal for owner‑user, with existing tenants providing immediate income.
- High visibility location with panel signs facing Cannery Rd.
- Ample parking with 24 common area spaces in front and a large gravel lot in the rear.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.7k | $21.96 |
| − Vacancy | −$20.7k | −$3.07 |
| EGI | $127.0k | $18.89 |
| − OpEx | −$31.8k | −$4.72 |
| NOI | $95.3k | $14.16 |
6,725 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,254 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,144 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. William Nash, ...
Dental Office
Dental Care of Sumner
Dental Office
Dr. Laura Vandyk
Dental Office
VanDyk Dental
Dental Office
Dentist in Sumner
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-story office building in Sumner with four tenants.
Where is this office building located?
The property is located at 1006 Fryar Ave Sumner, WA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Ideal for owner‑user, with existing tenants providing immediate income.; High visibility location with panel signs facing Cannery Rd.; Ample parking with 24 common area spaces in front and a large gravel lot in the rear.
