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Property profile & analytics
OFF-MARKET
Turn key restaurants
1012 Main St Sumner, WA 98390-1413
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1459737
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,454 SF
Lot
0.06 ac (2,650 SF)
Zoning code
CBD
APN
7985000470
UPID
US90-1459737
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
-
Hometown Charm Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Revocable Living Trust · 11 yrs held
Revocable Living Trust
since 2014
7 recorded transactions
Zoning & alternative use
CBD · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,020
Tax year 2024
Assessed value
$388,200
Assessed 2024
Previous assessed
$388,200
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$120,800
Assessed improvement
$267,400
Land market value
$120,800
Improvement market value
$267,400
Total market value
$388,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
2
Total area
2,454 SF
Lot
0.06 ac (2,650 SF)
Zoning code
CBD
APN
7985000470
UPID
US90-1459737
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Sumner, WA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Revocable Living Trust
Trust
Mailing address
5423 MONTA VIS DR E, EDGEWOOD, WA 98372-9273
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2014
$258,378
Revocable Living Trust
Tiffany Landing LLC
Bargain And Sale Deed
$260,000 · Kitsap Bank
Jul 15, 2014
$485,625
Tiffany Landing LLC
Brooke,philip S III
Trustees Deed
—
May 6, 2014
$485,625
Tiffany Landing LLC
Brooke Philip S III
Trustees Deed
related
—
Aug 21, 2007
$425,000
John C Lora
Muenn,rolf D & Monika
Warranty Deed
$600,000 · Viking Bank
—
—
John Lora
—
Deed Of Trust
related
$868,087 · Viking Bank
—
—
John C Lora
—
Deed Of Trust
related
$691,144 · Viking Bank
—
—
John C Oliver
—
Deed Of Trust
related
$607,000 · Viking Bank
—
—
John C Lora
—
Deed Of Trust
related
$60,000 · Viking 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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