Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sumner Commercial Space For Rent Title is generated by Realmo AI

    16723 78th Street East, Sumner, WA 98390

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space in Sumner's industrial corridor, ideal for contractors.

    Type:IND, OFC
    Property size:
    5,040 SF
    Added:
    Jan 22, 2025
    Days on Market:
    498
    Last Refresh:
    Apr 3 at 4:58 am

    Property Features for 16723 78th Street East

    General Information

    Standard status
    Active
    Size
    5,040 SF
    Property subtype
    IND, OFC

    Building Details

    Year Built
    1929

    Spaces For Lease

    at 16723 78th Street East Contact us

    We can help!

    Listing Contact
    Rick Brown
    Rick Brown

    Listing agent Rick Brown License #Lic: 27026, WA

    Listing office KW Commercial - Puyallup WA

    Listing date Jan 22, 2025

    Source Realnex

    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 KW Commercial - Puyallup WA

    HighLights

    • Located in Sumner’s thriving industrial corridor.
    • +/- 5,040 SF commercial space suitable for contractors and service‑based businesses.
    • Functional office layout.
    • Private contractor yard.
    • Excellent access to regional transportation routes.
    • Room for equipment, crews, and administrative needs.

    Overview

    Located in the heart of Sumner’s thriving industrial corridor, this +/- 5,040 SF commercial space is suitable for contractors and service-based businesses. It features a functional office layout and a private contractor yard, offering a base of operations for landscaping companies. The space provides access to regional transportation routes and room for equipment, crews, and administrative needs, delivering flexibility and efficiency.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.229714
    Latitude
    47.185702

    Nearby Similar for Lease

    • $0.70 SF/Yr
      101,559 SF

      Sumner Warehouse with SR 167 Access

      101,559 SF warehouse with immediate access to SR 167.
      14000 24th St E, Sumner, WA 98390
      View Details
    • $30 SF/Yr
      1,548 SF

      Retail Space For Lease Sumner

      Retail space available in Sumner with high visibility and access.
      16290 Auto Lane, Suite B, Sumner, WA 98390
      View Details
    • $3,333/Mo
      2,000 SF

      Turnkey Office Suite Available

      Well-appointed office suite with functional layout and included furnishings.
      6008 160th Ave E, Sumner, WA 98390
      View Details
    • $9,022/Mo
      5,040 SF

      Sumner Commercial Space For Rent

      Versatile commercial space in Sumner's industrial corridor, ideal for contractors.
      16723 78th St E, Sumner, WA 98390
      View Details
    • $0.75 SF/Yr
      48,873 SF

      Warehouse/Manufacturing Facility with Freeway Access

      48,873 SF warehouse/manufacturing facility with immediate freeway access.
      1607 136th Avenue E, Sumner, WA 98390
      View Details
    • $0.79 SF/Yr
      64,055 SF

      Sumner Industrial Building For Sublease

      64,055 SF industrial building with excellent distribution location.
      4101 150th Ave Ct E, Bldg B, Sumner, WA 98390
      View Details
    • $0.79 SF/Yr
      64,055 SF

      Sumner Industrial Building For Sublease

      64,055 SF industrial building in Sumner with excellent distribution location.
      4101 150th Ave Ct E, Bldg B, Sumner, WA 98390
      View Details
    • $1,520/Mo
      629 SF

      Retail/Office Space in Fred Meyer Center

      Small retail or office space with excellent frontage and exposure.
      15007 Main St E, Sumner, WA 98390
      View Details
    • $13,404/Mo
      6,434 SF

      Sumner Retail Office Flex Space

      High visibility corner location with drive-through service and parking.
      921 Alder Ave, Sumner, WA 98390
      View Details
    • $4,167/Mo
      2,500 SF

      Sumner Office Building For Rent

      Prime office building in Sumner with excellent visibility and access.
      808 Traffic Ave, Sumner, WA 98390
      View Details
    • $25 SF/Yr
      6,348 SF

      Downtown Sumner Corner Retail/Office

      Corner location in downtown Sumner with excellent visibility.
      921 Alder Ave, Sumner, WA
      View Details
    • Contact for pricing
      103,191 SF

      Sumner Warehouse with Dock Doors

      103,191 SF warehouse featuring 25 dock-high doors.
      14000 24th St E, Sumner, WA 98390
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial space in Sumner's industrial corridor, ideal for contractors.
    Where is this flex space located?
    The property is located at 16723 78th Street East Sumner, WA.
    What are key features of this property?
    This property features: Located in Sumner’s thriving industrial corridor.; +/- 5,040 SF commercial space suitable for contractors and service‑based businesses.; Functional office layout.
    (253) 617-9460
    We can help!
    Listing Contact
    Rick Brown
    Rick Brown
    Real Estate License ID: Lic: 27026, WA
    Learn More
    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.
    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
    16723 78th Street East, Sumner, WA 98390
    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!