Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16313 64th Street East Sumner, WA 98390

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land available for rent, close to YMCA and Hwy 410.

    Type:Land
    Added:
    Mar 25, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 18 at 9:15 am

    Property Features for 16313 64th Street East

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Leon Titus
    Leon Titus

    Listing agent Leon Titus License #104536

    Listing office CBRE

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE

    Overview

    Land for Rent Near YMCA

    The property includes a 1,9842 square foot building and a 2,050 square foot storage building on site. It is located adjacent to the Gordon Family YMCA and in close proximity to Hwy 410.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.2116016
    Latitude
    47.1996166

    Nearby Similar for Lease

    • $0.70/mo

      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
    • Contact for pricing

      Turnkey Office Suite Available

      Well-appointed office suite with functional layout and included furnishings.
      6008 160th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Sumner Retail Office Flex Space

      High visibility corner location with drive-through service and parking.
      921 Alder Ave, Sumner, WA 98390
      View Details
    • Contact for pricing

      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
    • $30/mo

      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
    • Contact for pricing

      Sumner Office Building For Rent

      Prime office building in Sumner with excellent visibility and access.
      808 Traffic Ave, Sumner, WA 98390
      View Details
    • $0.75/mo

      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/mo

      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/mo

      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
    • $25/mo

      Downtown Sumner Corner Retail/Office

      Corner location in downtown Sumner with excellent visibility.
      921 Alder Ave, Sumner, WA
      View Details
    • $30/mo

      Sumner Retail Space For Lease

      Retail space available in Sumner with excellent location and visibility.
      16290 Auto Lane, Suite B, Sumner, WA 98390
      View Details

    FAQs

    What type of property is this?
    Land - Land available for rent, close to YMCA and Hwy 410.
    Where is this land located?
    The property is located at 16313 64th Street East Sumner, WA.
    What are key features of this property?
    This property features: 1,984 SF Building On‑Site; 2,050 SF Storage Building; Adjacent to Gordon Family YMCA
    (253) 596-0042
    We can help!
    Listing Contact
    Leon Titus
    Leon Titus
    Real Estate License ID: 104536
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!