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    Property profile & analytics

    1011 Main St Sumner, WA 98390-1412

    • Retail space
    • 14,400 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1117244
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • LibertyX Bitcoin ATM / Atm
    • Ashley's Room Consignment Sumner / Discount Store / (Bike/Boat/Book/etc) Store
    • Main Street Tattoo / Tattoo & Piercing Shop

    Property Details for 1011 Main St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    14,400 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    7985000230
    APU
    7985000230

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,920,000
      7%
      $1,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,212,000
      Market price range: $2.21M - $6.85M
      AI Estimate
      $1,357,000
      Market price range: $1.36M - $3.01M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.241
    Latitude
    47.2035
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,786
    $373,600
    $766,800
    $1,140,400
    -
    $373,600
    $766,800
    $1,140,400

    Comparable in this City

    • Value Estimation
      $1,790,000
      9,300 SF

      16008 60th E St

      RETAIL STORES (PERSONAL SERVICES) • 9,300 SF
      16008 60th E St, Sumner, WA 98390-3055
      View Details
    • Value Estimation
      $525,000
      4,212 SF

      908 Alder Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,212 SF
      908 Alder Ave, Sumner, WA 98390-1406
      View Details
    • Value Estimation by Request
      3,024 SF

      910 Alder Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,024 SF
      910 Alder Ave, Sumner, WA 98390-1406
      View Details
    • Value Estimation by Request
      2,407 SF

      15126 Main E St

      RETAIL STORES (PERSONAL SERVICES) • 2,407 SF
      15126 Main E St, Sumner, WA 98390-2636
      View Details
    • Value Estimation by Request
      3,192 SF

      1229 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,192 SF
      1229 Main St, Sumner, WA 98390-1416
      View Details
    • Value Estimation by Request
      2,400 SF

      5101 Vly E Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      5101 Vly E Hwy, Sumner, WA 98390-2416
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sumner Redevelopment Site or Church

      Prime downtown Sumner redevelopment site or updated church for sale.
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      37,395 SF

      Sumner Square Retail Investment Opportunity

      Fully leased retail property with development potential in Sumner, WA.
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      Sumner Square Retail Investment Opportunity

      Fully leased retail property with NNN tenants in Sumner, WA.
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      Sumner Redevelopment Site with Views

      Prime redevelopment site zoned TC-4, suitable for various commercial uses.
      611 Mckinnon Ave, Sumner, WA 98390
      View Details
    • $2,000,000

      Sumner, WA Multi-Tenant Retail Complex

      High-yield, multi-tenant retail investment. Excellent location.
      16009 60Th St, Sumner, WA 98390
      View Details
    • $75,000

      Downtown Sumner Building Opportunity

      Residential lot for single-story home construction in downtown Sumner.
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    Similar Nearby for Lease

    • Contact for pricing
      629 SF

      Retail Space in Fred Meyer Center

      Retail space with frontage and exposure in Sumner, Washington.
      15007 Main St E, Sumner, WA 98390
      View Details
    • $30 SF/Yr

      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
      6,434 SF

      Downtown Sumner Corner Retail/Office

      Corner location in downtown Sumner with excellent visibility.
      921 Alder Ave, Sumner, WA 98390
      View Details
    • Contact for pricing
      1,102 SF

      Retail Space Near Sumner High

      Retail space anchored by Fred Meyer, Sumner location.
      1201 Valley Ave, Sumner, WA 98390
      View Details
    • $3,870 /Mo
      1,548 SF

      Retail Space in Sumner, WA

      1,548 SF retail space with highway access and parking.
      16290 Auto Ln, Sumner, WA 98390
      View Details
    • $13,404 /Mo
      6,434 SF

      Sumner Retail Office Flex Space

      High visibility corner location with drive-through service and parking.
      921 Alder Ave, Sumner, WA 98390
      View Details
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    1011 Main St
    Sumner, WA 98390-1412
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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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