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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Medical Office Space
1006 Fryar Ave, Sumner, WA 98390-1501
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-3330051
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
WOOD FRAME
Total area
2,317 SF
Lot
0.19 ac (8,407 SF)
Zoning code
GC
APN
420247009
UPID
US90-3330051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. William Nash, DDS Dental Office
-
Dental Care of Sumner Dental Office
-
Dr. Laura Vandyk Dental Office
-
VanDyk Dental Dental Office
-
Dentist in Sumner Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$660k
Owner & transaction history
Nash Real Estate LLC · 13 yrs held
Nash Real Estate LLC
since 2012
Last sale
$760,000
5 recorded transactions
Zoning & alternative use
GC · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$995,000
+56.1%
Neighborhood: shopping center
$990,000
+55.3%
Auto repair, garage
$850,000
+33.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sumner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sumner submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$635,000
Current use
COMMERCIAL (GENERAL)
$995,000
Change: +56% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$710,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $760k (Feb 2 2025)
Last sale anchor
$760k
Feb 2 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$285 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,620
Tax year 2024
Assessed value
$543,200
Assessed 2024
Previous assessed
$543,200
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$210,200
Assessed improvement
$333,000
Land market value
$210,200
Improvement market value
$333,000
Total market value
$543,200
Applied tax rate
117.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
2,317 SF
Lot
0.19 ac (8,407 SF)
Zoning code
GC
APN
420247009
UPID
US90-3330051
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Sumner, WA
Zoning GC · permitted uses
GC · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sumner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$850,000
RETAIL STORES
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$690,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Nash Real Estate LLC
Entity
Mailing address
1006 FRYAR AVE, SUMNER, WA 98390-1501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2012
—
Nash Real Estate LLC
William Brent Nash
Quit Claim Deed
related
$391,220 · Us Bank NA
Jul 1, 2010
$525,000
Brent Nash
Sumner Crown Hill LLC
Warranty Deed
$420,000 · Valley Bank
Nov 8, 2006
$425,000
Sumner Crown Hill LLC
1006a Fryar LLC
Warranty Deed
$332,106 · Columbia State Bank
Aug 29, 2003
—
1006a Fryar LLC
Smith,robert H & Deborah M
Grant Deed
related
—
—
—
Sumner Crown Hill LLC
—
Deed Of Trust
related
$176,987 · Columbia State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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