Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5823 186Th Avenue Ct E, Unit A Sumner, WA 98391

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,600 /Mo ($26 SF/Yr)

    Well-maintained duplex with new flooring, fireplace, and fenced yard.

    Property size:
    1,191 SF
    Lot size:
    1,191 SF

    Property Features for 5823 186Th Avenue Ct E

    General Information

    Size
    1,191 SF

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Northwest Multiple Listing Service
    Source: Kw

    Listing Agent: Northwest Multiple Listing Service

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Move-in Ready Duplex Unit

    This well-maintained duplex unit is move-in ready and offers comfort and convenience. The home features fresh interior paint and brand-new luxury vinyl plank flooring throughout its 1191 square feet. A cozy woodburning fireplace insert makes it perfect for those crisp Northwest evenings, while large windows fill the space with natural light. Step outside to a fully fenced backyard—an expansive outdoor space ideal for relaxation, entertaining, or play. A one-car garage is included with the unit for added storage and parking. The property is located in Lake Tapps, WA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Spa & Massage Hair Salon Building Supply Clothing Store Accounting Firm Auto Parts Store Kitchen & Bath Electronics Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.1806338
    Latitude
    47.2044356

    Nearby Similar for Lease

    • $685 /Mo
      498 SF

      Downtown Sumner Office Space

      Flexible office space in Sumner's commercial core, ideal for businesses.
      926 Main St, Sumner, WA 98390
      View Details
    • Contact for pricing
      4,006 SF

      Sumner Warehouse Space Available

      4,006 SF warehouse space with convenient highway access.
      13701 E 24Th St, Sumner, WA 98390
      View Details
    • Contact for pricing
      1,133 SF

      Sumner Flex Space Available

      Flex space available in Sumner, WA, February 1, 2026.
      13704-13724 24Th St E, Sumner, WA 98390
      View Details
    • Contact for pricing
      181,359 SF

      Sumner Retail Center: Prime Location

      Fred Meyer-anchored, high-traffic retail space.
      0 Sumner Wa, Sumner, WA 98390
      View Details
    • $22 SF/Yr
      625 SF

      Sumner Office Space For Rent

      625 SF office space in Sumner's commercial core.
      614 Harrison St, Sumner, WA 98390
      View Details
    • Contact for pricing
      25,777 SF

      Warehouse with Large Yard Space

      25,777 SF warehouse with yard, sublease opportunity.
      3480 W Valley Hwy E, Sumner, WA 98390
      View Details
    • Contact for pricing
      476,362 SF

      Sumner Warehouse with Spec Office

      476,362 SF warehouse with spec office, available Q3 2025.
      14802 Stewart Rd SE, Sumner, WA 98390
      View Details
    • Contact for pricing
      47,465 SF

      Sumner Warehouse with Truck Court

      47,465 SF warehouse with heavy power and truck court.
      1901-2005 Fryar Ave, Sumner, WA 98390
      View Details
    • $30 SF/Yr
      120,250 SF

      Sumner Retail Space For Lease

      Retail space available in Sumner with excellent location and visibility.
      16290 Auto Ln, Sumner, WA 98390
      View Details
    • Contact for pricing
      245,209 SF

      Sumner Warehouse and Distribution Space

      245,209 SF warehouse with immediate SR 167 access.
      2701 142Nd Ave E, Sumner, WA 98390
      View Details
    • $3,200 /Mo
      1,793 SF

      Renovated Office Space in Sumner

      Newly renovated office space suitable for various business uses.
      16303 64Th St E, 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 98390
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with new flooring, fireplace, and fenced yard.
    Where is this duplex located?
    The property is located at 5823 186Th Avenue Ct E, Unit A Sumner, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready condition with fresh paint and new luxury vinyl plank flooring.; - Fully fenced, expansive backyard ideal for outdoor activities.; - Cozy woodburning fireplace insert for comfortable evenings.
    Request Owner's contact information
    5823 186Th Avenue Ct E, Unit A Sumner, WA 98391
    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.
    5823 186Th Avenue Ct E, Unit A
    Sumner, WA 98391
    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
    5823 186Th Avenue Ct E, Unit A Sumner, WA 98391
    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

    We can help!
    Listing Contact
    Northwest Multiple Listing Service
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.