Sumner Square Retail Investment
For Sale
Contact for pricing
15716-15720 Main St E, Sumner, WA
Fully leased retail property with development potential in Sumner, WA.
Property Size37,395 SF
Lot Size6.95 Acres
Price / SF$220.62
Days on Market372
Property Features for 15716-15720 Main St E
General Information
Standard status
Active
Size
37,395 SF
Lot size
6.95 Acres
Property subtype
RETAIL
Properties For Sale
at 15716-15720 Main St E Contact us- Size
- 9,500 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
Open Concept Space Available
Open concept space. Currently built out as a gym/fitness studio, but could be built...
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Contact us
Listing Agency:
NWC - KV LLC
(253) 606-7610
Listed By:
Tim Pavolka
(253) 606-7610
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Aug 8
Last Checked: Aug 20 at 6:31AM
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 NWC - KV LLC
Investment Insights
Based on property information with market context.
Sumner Square, located in Sumner, WA, is available for sale. The property comprises three buildings, fully leased to ten tenants under NNN leases. Situated on 3.3 acres, the site includes 169 parking spots, with an additional 256 spaces available through an easement at no additional cost. The property offers an opportunity for investors or developers. The property has a total size of 37395 square feet.
Key Highlights
- Fully leased with ten NNN Tenants, providing immediate income.
- Located on 3.3 acres in Sumner, WA.
- Excellent opportunity for investor or developer.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$324,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,483,400
$6.5M
Cap Rate 7%
$4,631,000
$4.6M
Cap Rate 9%
$3,601,889
$3.6M
Market Conditions
NOI Build-Up for 37,395 SF
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.
Gross rent
$538.5K $14.40/SF
− Vacancy
−$75.4K −$2.02/SF
EGI
$463.1K $12.38/SF
− OpEx
−$138.9K −$3.72/SF
NOI
$324.2K $8.67/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,483,400
Cap Rate 7%
$4,631,000
Cap Rate 9%
$3,601,889
Alternative Uses
Best Use
Retail
$4.63M
$4.05M – $5.40M
NOI $324,170 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.10M
$8.84M – $11.78M
NOI $706,999 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
157k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 34%
Shops & Services 24%
Electronics 3%
Fred Meyer
Groceries
59,205 visits/mo
0.4 miles
Fred Meyer Gas Station
Shops & Services
24,990 visits/mo
0.5 miles
McDonald's
Dining
23,956 visits/mo
0.5 miles
Starbucks
Dining
11,252 visits/mo
0.5 miles
Jack in the Box
Dining
9,824 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail property with development potential in Sumner, WA.
Where is this shopping center located?
The property is located at 15716-15720 Main St E Sumner, WA.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Fully leased with ten NNN Tenants, providing immediate income.; Located on 3.3 acres in Sumner, WA.; Excellent opportunity for investor or developer.
