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    Sumner Wa Sumner, WA 98390

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    Sumner Wa Sumner, WA 98390

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    • Neighborhood centers
    • 181,359 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Sumner Wa

    Year built
    1999
    Property size
    181,359 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 181,359 square foot, single-story retail strip center, built in 1999, presents a unique investment opportunity. The property boasts five suites, with one currently available, measuring 1,102 square feet. Strategically located off Main Street in Sumner, Washington, within Pierce County, this center benefits from its prominent position across from Sumner High School. Its proximity to numerous residential neighborhoods and apartment complexes ensures a consistent flow of potential customers. The convenient access to Highway 167 further enhances its appeal, providing easy accessibility for both shoppers and employees. Ample, easily accessible parking is available for patrons. The property's anchor tenant, Fred Meyer, contributes significantly to the overall foot traffic and visibility of the center, making it an attractive proposition for businesses seeking a high-traffic location. This is a rare opportunity to acquire a well-established retail space in a thriving community. The available suite offers a chance to establish or expand a business in a prime location with excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.231
    Latitude
    47.2147

    Comparable in this City

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      16209 64th E St

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    • Value Estimation
      $990,000
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      902 Kincaid Ave

      SHOPPING CENTER, STRIP CENTER • 4,602 SF
      902 Kincaid Ave, Sumner, WA 98390-1448
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    • Value Estimation
      $985,000
      10,650 SF

      15105 Main E St

      SHOPPING CENTER, STRIP CENTER • 10,650 SF
      15105 Main E St, Sumner, WA 98390-2695
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    • Value Estimation
      $975,000
      9,136 SF

      7084 Lakeland Hls SE Way

      SHOPPING CENTER, STRIP CENTER • 9,136 SF
      7084 Lakeland Hls SE Way, Sumner, WA 98390
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    • Value Estimation
      $2,370,000
      16,112 SF

      16202 64th E St

      SHOPPING CENTER, STRIP CENTER • 16,112 SF
      16202 64th E St, Sumner, WA 98390-3028
      View Details
    • Value Estimation
      $665,000
      6,111 SF

      15127 Main E St

      SHOPPING CENTER, STRIP CENTER • 6,111 SF
      15127 Main E St, Sumner, WA 98390-2689
      View Details

    Similar Nearby for Sale

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      Sumner Veterinary Hospital For Sale

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    Similar Nearby for Lease

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      1,102 SF

      Retail Space Near Sumner High

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      Retail/Office Space Available for Lease

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    • $3,870 /Mo
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      Retail Space in Sumner, WA

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      Sumner Retail Office Flex Space

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    • $1,520 /Mo
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      Retail/Office Space in Fred Meyer Center

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    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
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